Euro Meltdown Dings Commodities

Euro Meltdown Dings Commodities

It’s probably just as well U.S. markets were closed on Monday as European markets imploded, taking down the euro and commodities with them.

Gold was down another $8.22 to $1,770.55 and silver was off $0.57 to $33.90 in overnight trading with the silver/gold ratio rising to 52.2. 

Crude oil, copper, platinum, palladium were all in the red as the euro took a beating and the dollar surged on currency markets. 

Gold and silver actually got the better of it with the price of gold staying largely in sync with gains by the dollar.  A sudden jump in the...