Aside from GLD and SLV are there any ETF which track the major commodities directly? I don't mean ETFs that consist of stock of companies that process a certain commodity. Futures don't allow you to hold on long term. Thanks.
Forget about ETNs. "The GSCI has lost nearly 20% of its value since January 2006, despite soaring commodity prices, all thanks to Contango. This is one instance where ETN tracked commodity indices like GSCI have ended up doing exactly the opposite of what they had set out to do." http://en.wikipedia.org/wiki/Exchange_Traded_Notes#Unprofitable_trading_strategies
You are a know-nothing ETer. Get your "knowledge" from Wikipedia, get your "news" from MTV. GSCI is a highly diversified world-wide production weighted index, rarely rebalanced. "Elements" are not based on GSCI.
Buy a silo? I think ETFs are the best way, but you don't get as much leverage as futures. http://finance.google.com/finance?q=dba
Nope. I was looking for the equivalent of GLD for the other major commodities (Lumber, orange juice, etc...)
those who avoid some commodities because of contango need to grow some balls and bet the contango will continue. its not hard to do, if you are so sure it wont stop you can make free money