Commodities are in a free fall.
Gold, silver, copper and crude oil are down a respective 8, 8, 16 and 10 percent year to date, as a strong dollar and the potential for a rate hike have put increased pressure on the space. And according to one trader who specializes in futures, it's about to get a lot worse.
"I'm short almost every commodity right now," Mike Harris, president at Campbell and Co. said Thursday on CNBC's "Futures Now."
Specifically, Harris focused on gold and crude oil, which have been two of the most confounding trades of 2015.
"The market was surprised that gold prices didn't rise in response to the Greek crisis," said Harris, suggesting that gold, once considered "safe haven" asset, may have lost its mojo. On Thursday, the yellow metal snapped its longest losing streak in more than 20 years by a fraction of a percent. "I'm watching that $1,080 level, which is Monday's low, but it feels like we are heading to the big psychological level of $1,000."