The gold story is an anti-inflation story. It is a story against weak currencies and a story against excessive debt, and it is a story that has played out at this time. We have not had the large crisis in the EU which some expected. Inflation has been under control at this time and financial assets have done well. The gold move is not about supply shortages but demand driven by substitution from other assets.
Agriculture markets have had similar returns as the index but with more volatility given supply shocks. Agriculture markets see more mean reversion and offer more trading opportunities given seasonal factors. This may be the place of greatest potential opportunties in the short-run.