Gold slumped to its lowest in 3 years and a wide range of other commodities sold off including silver, platinum, copper and iron ore. The 19-commodity Thomson Reuters-Jefferies CRB index fell 0.4 percent to its lowest levels since June 29.
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it really does look like the Gold cycle is unwinding and could gain further momentum in it's downward momentum. High cost gold producers are coming under intense presssure and I expect to see mine closures and job losses continue in the sector.