In spite of the rally in stocks today, commodities still could not find a friend as the CRB Index sold of yet again:

You can see in the chart how we have small periods of distribution right before we begin another move down, and I will have to assume that is what we are seeing here until the market proves otherwise. I currently have no position in commodities, but will look to buy a bottom when I see one. The CRB, like almost all commodities, is extremely oversold so any rally should last a minimum of two weeks. Again in spite of everything today I thought gold acted very well.