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Gold Leads Commodities ‘Mess’ That Has Many Investors Smarting
Pity the commodity investor. The Bloomberg Commodities Index is holding losses after dropping Monday to a 13-year low, weaker than after the banking meltdown of 2008 and the euro-zone crisis of 2012. From oil to copper to sugar, little has escaped the rout in the year’s worst-performing asset class. “Commodities are a mess,” said Walter “Bucky” Hellwig, who helps manage $17 billion at BB&T Wealth Management in Birmingham, Alabama, in a telephone interview. “We are not looking to add to positions.” Gold, the most heavily-weighted commodity in the index, is the latest to get hit hard, socked by a ... (full story)
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