i wouldnt go for the commodity etfs. They degrade due to roll overs. MOO, XLE, XME look good though. moo and xme look bubbly but bubbles can get bigger. idea for an etf: BUBL all it does is buy a basket of bubbles.
I dunno, all I can see is what's in front of me...weat was once $25...money is slowly turning CRAP...so I am buying these, as no other alternative, oh yes BTC and gold too.
As 2rosy suggested, looking at the long-term charts of commodity ETFs can be misleading. Better to use a long-term (front month) futures charts for commodities. Your wheat (WEAT) chart looks like it can rise nearly 400% to reach 2012 highs but the futures chart shows it will reach 2012 highs with a 50% move higher. Not saying your idea is wrong just wouldn't expect those highs on your charts to be reached. ***Long CORN, SOYB, DBA, LAND for a few months.
Yes, I see. This position is mostly a hedge, a safe haven flee to "real value", not even value stocks, but true, useful value that WILL likely appreciate as the dollar gets devalued along with most other fiat currencies. This is an accumulation for the shitty days ahead not a trade. Rates rising and FED soon will be out of options.
Tough to be long commodities for an extended period of time: you got to be right quick otherwise contango will eat your lunch month after month after month. Alternative is to buy miners and other producers.