Just thinking out loud. After the meltdown in the Financials anyone who has been long the materials would be feeling very good. They have certainly rewarded the faithful no doubt. Gold etc have been on a super run and and the USD just sucks. It feels like everyone who is a fan of the commodities is just waiting for gold to bust $1000 and head straight to $2000000000000.
With all the bruised and busted money coming out of every other sector I am starting to look for a nasty shake out in the Commodities plays. The market has a nice habit of punishing the late. Top picking is obviously just as silly as knife catching. But after such a big run are the odds still in favour of the material longs?