They're unrelated but both markets are looking a little top heavy right now. Look for a move lower in both Gold and Coffee, at least for the short term. It might even start as early as Thursday!

Gold's definitely overbought. I'm all for the "flight to value" idea, even though it doesn't carry the weight it once did now that the world's economies are off the Gold Standard, old habits die hard I guess, but who ever thought we'd be paying $1000/ounce for Gold?!? C'mon people, let's get real! A $1000 is a lot of money a yellow metal. Yes, it is pretty, and yes it can be used in outerspace, and yes people have told me that the experts are saying it could go to $1200/ounce, but before that happens there will be a reality check as some traders rethink their position and others simply take profit.

Ditto for Silver.

I don't have the reasoning for Coffee other than it's on the chart. ;-)

Erich