I recently posted that many key commodities also rallied with Gold this year.

Here are some CandleGlance charts covering this period including Gold and Silver.

commod

After looking at the charts of each of the commodities above using my own indicators, I find that all of them with the exception of Gold and Silver show signs of correcting their rally.

I understand that most people on this board do not consider Gold to be a commodity (a view I share) Silver on the other hand often acts in a commodity like way.

The point I am making is, all these commodities rallied with Gold in the same time-frame. All appear to me to be correcting their rallies.

Could Gold and Silver continue to rally while the rest decline? Possibly, or perhaps they both need a healthy correction.

I should note that neither Gold or Silver show any signs of topping to me right now.