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UCS ETF update:Avoid get-rich-quick commodity plays

I mentioned in a previous morning post that you should take some profits in commodities, if you had a commodity position in your portfolio. There was commodity related articles all over the news boards yesterday. I did a commodity podcast in January '09 on the iShares S&P GSGI Commodity Fund, GSG. That fund was down a little under 2% yesterday experiencing heavy trading volume.
I had recommended that investors stay away because GSG is down almost 75% or more since inception. It has made a little comeback, doubling in value since April 27, 2009, but don't be fooled by the bounce. I still think this fund is a dud! I still say take profits in commodities if you can and avoid shorting commodities unless you absolutely know what you are doing!

06/04/09 01:26 PM
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