2010 has been quite the year for commodities. No doubt you’ve seen the various headlines about soaring gold prices. You may have even seen how higher wheat and corn prices are impacting the price of groceries.From a big picture perspective, the iPath Dow Jones-UBS Commodity Index ETN (DJP) is up almost 13% year to date. DJP holds a basket of 19 commodities weighted on market prices.
But DJP doesn’t do justice to the year we’re seeing in commodities.
In fact, a handful of individual commodities are having unbelievable years. Cotton is the year’s biggest winner, up a ridiculous 104% year to date. Some other headline grabbers are silver, up an amazing 74%, and corn, up a stellar 46%.
And those are just some of the flashy winners. There are over 15 major commodities with greater than 20% gains this year! That’s crazy.
No matter how you look at it, it’s been an incredible year for commodity investors.
Here’s the thing…
We’re just scratching the surface of where commodities can go. (more)
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