Agreed on the metals and miners,..as well as perhaps other commodity complex. the way they are behaving lately, they've gotten the early look on the rally. It's not entirely due to dollar decline. Definitely sensing a little QE4 front running. Hoping we get a slight sell off down to 1950 or lower to get positioned right. Perhaps a more notable sell off would create the catalyst and the will of the fed. 5/14/16
Be careful with commodities for now. I guess one of the source of commodity wide-sector rally is money supply growth of China. It rose from 3% last summer to 22% as of March this year (YoY % change). They stimulate inner demand to save their oversupply-suffering economy. Without FED accompany China central bank can't do it for long. If China money supply growth rate turn to decline then commodity market crash! Beware https://research.stlouisfed.org/fred2/graph/?g=4tDV 5/15/16