Commodity Complex back in Favor Today

Money flows have returned to the Commodity Complex today which is a bit unusual considering that the stock market cannot seem to move all that much higher. It is not as though risk is back in therefore and risk aversion has gone away for the day. Just look at the bond market which still is moving higher and the Dollar which has gotten the usual little blip related to safe haven plays.

Perhaps traders felt as if the selling in the commodity sector was overdone. Either way it is allowing silver to move up more than 2% at this time and gold to return above $1400.

Crude oil is higher also due to events in Bahrain with traders focusing on potential supply disruptions today and not demand destruction as they have been doing in recent days.