If It Is Metal, It Is Losing Value

All metals are in a sell off since the Federal Reserve Bank signaled an end to it's stimulus efforts. The base metals are at multi-year lows and gold is under $1300 for the first time since October of '10. Silver is under $20 dollars for the first time in over three years. Smalltime has been sounding the alarm about weak prices in the base metals. This signifies weak demand in the industrial sector worldwide. This does not bode well for job growth which could prompt even more central bank help worldwide. It seems that the debt load, both private and public is remaining a drain on growth despite record low interest rates.