What are the Oil and Gold Markets Saying ?

Yesterday we saw the hot money chasing cotton, corn and silver.  No doubt there is a lot of hot money out there but for some reason the two big markets, oil and gold are well within the forecast range for the year.  Is oil telling us that the hot real demand may not be there, that this is a set of markets based on speculation? 

 Just to keep things interesting, today is a full moon.

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