Sorry to disagree but commodities are not and never have been a 'safe haven'. They are just as subject to market forces as other areas and so far appeared to be correcting from highs that were not sustainable.

Will they run again? Almost certainly but calling that one right is far beyond my ability.

Supply and Demand my friends is what we're seeing and yes it might well be overdone but so was it on the upside. Just the other side of the coin.