Tracking Commodity ETFs Amid Volatility (PALL, URA, SLV, COPX, GLD, PHYS, IAU, JJA, RJA, MOO, BAL)Thanks to the proliferation of exchange-traded funds, which now account for as much as 25% of volume on U.S. stock exchanges daily, it is now easier than ever for retail investors to gain commodity exposure. In 2010, a number of commodity sectors have surged, but after the past week’s pullback, a number are trading at discounts to recent highs. A look at the Commodity ETFs Index shows that select components, like the ETFS Palladium Trust (PALL), Global X Uranium (URA), iShares Silver Trust (SLV), and Global X Copper Miners ETF (COPX), are all ahead by more than 4% today, but only five of the Index’s 50 components are in positive territory on a five-day basis. Precious metals investors have been paying close attention to the massive SPDR Gold Trust (GLD) recently, as gold pulled back from all-time highs earlier this month. Meanwhile, the bullion-backed Sprott Physical Gold Trust ETV (PHYS) has grown rapidly since its debut on the NYSE earlier this year, and billionaire investor George Soros was trading a portion of this SPDR Gold Trust stake for a new position in the iShares Comex Gold Trust (IAU) during the third quarter. In the agricultural space, the iPath Dow Jones-AIG Agricultural Total Return Sub-Index ETN (JJA), ELEMENTS Rogers International Commodity Agriculture ETN (RJA), and Market Vectors Global Agribusiness ETF (MOO) have all slipped by more than -3% over the last five sessions after posting double-digit one-month rallies. Meanwhile, the high-flying iPath Dow Jones-UBS Cotton Sub-Index Total Return ETN (BAL) has pulled back by -7% in the past week. Investors can track the Commodity ETFs Index for performance trends and a suite of other metrics at tickerspy.com. Tags: BAL, COPX, GLD, IAU, JJA, MOO, PALL, PHYS, RJA, SLV, URA
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