Commodities slump as fast GDP report offsets ECB ease

|By:, SA News Editor

Easier monetary policy from the ECB is doing little for the commodity sector as it's being more than offset by the big Q3 GDP number in the U.S. (never mind the number will undergo a number or revisions, and we're already nearly halfway through Q4).

Gold is off 1% to $1,303 and WTI crude oil continues to provide its own easier policy, slumping 0.7% to $94.15. In the Philadelphia area at least, drivers are about ready to see a "2 handle" at the pump (UGA) for the first time in a while.

Gold ETFs: GLD, IAU, USO, OIL, PHYS, UCO, SGOL, UGL, DGP, SCO, GLL.

Oil ETFs: DBO, DZZ, BNO, DTO, UGLD, DGL, CRUD, DGZ, AGOL, USL, GLDI, DGLD, FSG, SZO, DNO, TBAR, OILZ, UWTI, OLO, UBG, UOIL, DWTI, DOIL, FOL, TWTI, OLEM.