Commodity ETF's

I was been asked to discuss about the following ETF's going forward and most of you know its better to be in ETF rather than in a individual stock. Okay, lets look briefly these commodity ETF's as per request:

UYM is long basic materials fund. Got whacked off during Oct decline due to demand destruction and need to pull back around $15 area before we can even enter into this as we don't see any demand coming soon this year in this sector for sure. Getting back to 100's is out of cards anytime before 2011-2012 and I don't see 2005-2006 partying going to come soon.



DXO is oil related long double fund. This puppy can move way higher as oil prices sky rockets beyond $100 in coming months and years due to weak dollar but for now it had extended its rally and need to pull back around $3-$3.50 before going higher but add this fund on any pull backs.Previous Oil Post



BOS is Short Precious metal Fund. My personal view on this is you don't want to short at this moment as we are entering into a bull markets until 2015 so better be on side lines until your long precious metals.



DGL is gold fund. This fund will be higher as gold goes higher and we will see new highs on this. Add this on any pull backs and my initial target on this would be around $45 in coming months.



DBA is commodity agriculture Fund. This is very bullish to me due to dollar weakness. Banks sold most of thier commodity baskets around the globe to fix thier balance sheets due to loss orginated from housing related sector.We are definitely entering to multi decade commodity bull market and we might see new highs in 2010 on this. This got extended and to retrace little so add this @ around $26 for good entry point.



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