While some market watchers have been crying deflation, commodity prices have been creeping higher. Mark Newton, Chief Market Technician at Greywolf Equities believes the commodity market may have more value than stocks now. Gold has already moved, but other metals like palladium and uranium are looking good. Newton also pointed to many soft commodities that have made moves like coffee and bacon. Grains like wheat have also seen increases due to the Ukraine crisis.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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