As long as gold is teasing $600 and oil is flittering around $60...nothing too bad can happen...
In fact those levels seem to be the sine qua non for the present range bound market.
For all the talk of plunging commodities...600 and 60 are levels not likely to be convincingly broken any time soon... The macroeconomics always kicks in at that point.
Now, gold under 550 and oil under 55...? Well that's another story...THAT will require an explanation that goes beyond the daily happy talk.
