bean-
commodities includes, in great measure, basic materials as well as energy. The precious metals exposure of the fund is not terribly high. Really, my whole investment strategy is a play on the massive global build out. There are a few exceptions, but that’s the general thrust.

jg-
No need to wish me luck, as we are invested with near opposite perspectives.

I will agree with you on this – I think gold might be a decent buy sometime in the end of August timeframe, then ride it up for a few months and sell in December. That’s just a hunch based on a different point of view than most gold bugs, though.