Precious Metals Sell-Off Surges

Kitco reported a sell-off of precious and base metals has been triggered by a bull market on the COMEX and NYMEX.

As quoted in the market news:

For the week ended April 10, speculators in the Commodity Futures Trading Commission’s weekly commitment of traders report saw their net-long positions in fall significantly across the board in both the legacy and disaggregated reports. Industrial metals saw the biggest cut in net-long positions, led by copper, as risk-aversion took hold.

…Nymex June palladium slipped $22.75 to $636.85.

Click here to read the full Kitco report.