2013 has been a dismal year for commodity bugs and especially the gold bugs.
But cyclically wise commodities usually rise toward the end of a recovery period in asset prices. They are the laggards to the move so commodity bugs it could be time to wake up to these themes again. Rising interest rates have a positive correlation to rising commodity prices but we keep an eye on real 10 yr rates as opposed to purely nominal rates! There are many cross winds here but the asset class could be about to return to a period of nominal and real term mean reversion gains vs paper assets.
Without delay here their outstanding and detailed commodity 2014 report.
http://www.capitalsynthesis.tech/wp-content/uploads/2013/12/JP-Commodity2014.pdf
All the best
Rich