Following my post on the Greenhaven commodities fund I read Jesse Stine’s half time report with interest. He still likes commodities even though he has lost a lot since he started liking them at the start of 2013. He’s been hot gold miners since May, and I am closely monitoring this sector. I will wait for a solid chart set up and a break through the 50-DMA before hopping on board. I will just go for GDXJ as I am not bold enough to make a pick like ANV.
ANV Money Zone by buyandsold on TradingView.com
Chris Vermeulen drew my attention to the Greenhaven fund below.
GreenHaven Continuous Commodity Index Fund (GCC) is an Exchange-Traded Fund (ETF) that provides an innovative and efficient way to deliver broad based, diversified commodity exposure. It aims to achieve this by using futures contracts to track the Thomson Reuters Equal Weight Continuous Commodity Total Return Index (CCI)†. The CCI-TR is an equal weighted index of 17 commodities plus an additional Treasury Bill yield. Because of the equal weighting, GCC offers significant exposure to grains, livestock, and soft commodities and a lower energy weighting than many of its peers. In addition, GCC is rebalanced every day in order to maintain each commodity’s weight as close to 1/17th of the total as possible.