Would be better if we can add Bitcoin to this chart. Commodities would be sitting way below then.

But, yes commodities are gaining momentum due to FUD at macroeconomic levels. Commodities are the not subjected and property of single nation. They are to be imported exported to meet the demands. Due to wars and impending world war situation, there is a rising demand of them to meet any situation in future.

Bonds getting crushed

This is only a consequence. The sole responsible for bringing back inflation is emission. Without emission, a permanent rise in commodities is impossible to start, for there would be no money to exchange at such a rate. Emission ensures that the fear for rising prices is met with the money needed to comply with such prediction. A self fulfilled prophecy.

Commodities going up....but debt going down? They must not be looking at the US debt...