Oil, Metals Slide on Budget Standoff as Stocks Fluctuate

Eagle Eye Opener

Bornite or Peacock Ore
Sam Droege
Oil, Metals Slide on Budget Standoff as Stocks Fluctuate (Bloomberg)

Commodities investors are feeling pain. Oil and metals slid as the dollar rose amid concern the U.S. budget impasse will hurt the economy. U.S. stocks and Treasuries were little changed, with market observers expecting Janet Yellen not to withdraw stimulus anytime soon once she becomes head of the Federal Reserve. West Texas Intermediate crude oil sank 0.9 percent to $102.58 a barrel as of 9:56 a.m. in New York before a report forecast to show U.S. stockpiles grew. Silver, copper and gold lost more than 1 percent to lead losses in the S&P GSCI Index of commodities.

Exclusive  A Contrarian Bet on a Mortgage REIT with a 15.6% Yield

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

Stocks fell today, sending the S&P 500 to its largest two-day decline since June amid fears that the current shutdown could lead to a government default.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE