The Year of the Snake, associated with laziness and evil, wasn't as good for Lunar New Year gold ornament sales as the Horse which connotes health and energy.
Chinese manufacturing activity records surprise contraction and US slows down against expectations, pushing the copper price down 3% to below $3.30 a pound.
Iron ore and coking coal prices hover at 6-month lows on Wednesday as Chinese steel prices approach record lows and forecasts for output growth are slashed.
Investors should worry less about the right balance of specific commodities and more about the right mix of early-stage, development-stage and producing companies.