I have exited most of my long position during last week. Was long on silver, rare earths, biotechnology, phosphate and oil. Most of those had a hard run, it was time to sell. For now - i am in high cash - waiting for the bears to provide me with opportunities to take long positions, watching USD/AUD (i don't trade that pair). Kept my shorts.
Agree with you - i don't see China's collapse, but expect the volatility to continue on the commodity markets. Volatility is good from my perspective - there are plenty of opportunities to trade on both short and long side, flexibility is a must.
