Week In Review: Oil Could Spike To $150 If Iraq Falls Into Civil War; Palladium Faces Pressure As Strike Nears End

Posted by Hard Assets Investor

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UnknownCommodity markets saw big winners and losers this week.

This week was an eventful one for commodities. On the one hand, energy, gold and silver surged. On the other hand, platinum, palladium and grains plunged. At the same time, stocks— as measured by the S&P 500—edged lower after hitting record highs on Monday. The large-cap index fell by less than 1 percent, bringing its year-to-date gain down to 4.6 percent.

Macroeconomic Highlights

There were a handful of economic releases this week, but none were big market movers. In China…..

…continue reading this weekly commodity report HERE