Do New Commodity ETFs Signal a Top?

Kind of like PowerShares launching their private equity ETFs, does the slew of new commodity ETFs signal a top? In my inbox Wednesday:

iPath® Global Carbon (GRN)
iPath® Dow Jones-AIG Softs Total Return Sub-Index (JJS)
iPath® Dow Jones-AIG Precious Metals Total Return Sub-Index (JJP)
iPath® Dow Jones-AIG Aluminum Total Return Sub-Index (JJU)
iPath® Dow Jones-AIG Cocoa Total Return Sub-Index (NIB)
iPath® Dow Jones-AIG Coffee Total Return Sub-Index (JO)
iPath® Dow Jones-AIG Cotton Total Return Sub-Index (BAL)
iPath® Dow Jones-AIG Sugar Total Return Sub-Index (SGG)
iPath® Dow Jones-AIG Platinum Total Return Sub-Index (PGM)
iPath® Dow Jones-AIG Tin Total Return Sub-Index (JJT)
iPath® Dow Jones-AIG Lead Total Return Sub-Index (LD)

Comments

[Panskeptic:]

You may be right. I'm looking at these and kicking "where were these a year ago?"

2008 Jun 26 09:32 AM

[ACEMAN:]

Y'all got it right my man Mebane because the worm has turned after the last six months of powering down of Asian markets and significant powering up of inflation. All commodities will take a tumble in Asia and East Asia and India due to falling state mandated subsidies in oil and food. It will be a relatively short cycle but an inflationary cycle nonetheless and should give pause to the blinded Guru's of emerging markets who are invested in emerging markets at any cost. To make money, however, look at the strongest banks who are placing there bets in SWFs directed at the UK and Western Europe. When in doubt they always go back to momma.

2008 Jun 26 09:49 AM

[keo:]

compared to other mutual funds, there are still very very few commodity trackers / funds :-)

2008 Jun 26 12:09 PM