Commodities are on the mend. That much is confirmed by the year-to-date performance of the PowerShares DB Com Indx Trckng Fund(ETF) (NYSE: DBC) and other diversified exchange-traded products. DBC is up 15.3 percent this year.
Mending Commodities
Some individual commodities, namely energy and precious metals fare, have easily surpassed broader commodities benchmarks this year. For example, the United States Brent Oil Fund, LP (NYSE: BNO), which tracks Brent crude futures, is up 24.7 percent this year. Gold is another commodities leader as highlighted by the SPDR Gold Trust (ETF) (NYSE: GLD), which is higher by 21.4 percent.
If commodities seasonality holds true to form, gold and oil ETFs could have more upside during the third quarter.
“For seven commodities, the 3rd quarter has historically been the best quarter but ...
/www.benzinga.com/trading-ideas/long-ideas/16/06/8132884/calendar-could-be-good-news-for-these-commodities-etfs alt=Calendar Could Be Good News For These Commodities ETFs>Full story available on Benzinga.com
More...