The metals correction may have started today. Will investors walk the talk and 'buy the dip'. Obviously people aren't buying Gold as an inflation hedge since yields are going up today. The gold story is probably more of a safehaven play than anything else, but that's not to say gold has further to run if inflation shows it's head.
If you're a believer in the inflation story, this may be the start of the pullback you've been waiting for.