TheStreet RealMoney

Commodities Continue to Slide

by Don Dion

Stocks clawed back their losses heading into the close of Monday trading, but commodities failed to rebound and traded close to the lows of the session. The S&P 500 headed into positive territory just before the close, while PowerShares DB Crude Oil Double Short remained 7% above the previous close. SPDR Gold Shares lost 0.5%, while PowerShares DB Gold Double Short climbed more than 1%. U.S. Natural Gas sank more than 4% and fell below its 52-week low, flashing a bearish signal for the commodity. I've previously mentioned that natural gas has a stronger industrial component than oil and a cool summer may also be reducing electricity via air conditioners. A motley crew of winners were sprinkled among an otherwise double-short-dominated list of daily winners. iShares S&P California Municipal Bond added 1.5%, Claymore/AlphaShares China Real Estate bounced 2.44% and iShares Korea advanced more than 3.5%....

GET THE REST OF THIS ARTICLE ON REALMONEY NOW >>

Jim Cramer
In Defense of Filthy-Rich Investment Banks
They had willing buyers for their proprietary products, and there was no deception. MORE >>

Don Dion
Build On My Skepticism
The BAB could be a nice short-term play on growing demand for the Build America Bonds. MORE >>

Rev Shark
Sudden Drop in Gold Causes a Wrinkle
Other than that, the market seems to be complacent to a fault. MORE >>

With RealMoney You Get:

Actionable ideas straight from
Wall Street to you
A front row seat to the most authoritative financial forum in town
Immediate access on your
iPhone or Blackberry