Believe it or not, unless we get a disaster , stocks normally lead the underlying commodity markets. In most cases , gold stocks will rally before gold, oil driller and refiners before crude. I have another thread which is my intermarket one , which covers some of these topics. http://elitetrader.com/vb/showthread.php?s=&threadid=55456&highlight=Intermarket+Analysis Please ask more questions that is what I am here for. I have published a lot of research in intermarket in my newsletter inside advantage. I have developed many mechanical trading strategies over the years in these issues. We have a back issue collection available on TradersStudio.com http://tradersstudio.com/Default.as...alogID=5&psnavcmd=CatalogItemDetails&tabid=38