Monthly Market Overview - June 2016

Highlights for May... The Thomson-Reuters–Jefferies CRB index finished up for a fourth month in a row in May, scaling an eight-month high in the process and banishing, at least for this year, the “sell in May and go away” adage. Having said that, several key commodity complexes struggled. The weakest group was base and precious metals; gold gave back its entire April advance last month, as did platinum and palladium, while silver rolled back roughly 2/3 of its April gain. In the base metals group, the entire complex finished lower during the month, including zinc (although just barely). Nevertheless, zinc retains bragging rights as being the best performing LME metal so far this year, with a gain of 24% y-t-d, followed by tin, up 14% y-t-d. 

News article attributed to www.bulliondesk.com