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Much of that increase stems from the phenomenal growth in mutual funds that track commodity prices.
More recently, exchange-traded funds — popular new investment vehicles that trade on stock exchanges but track commodity prices — have followed the index funds into the market.
Goldman , Sachs &Company and Morgan Stanley Dean Witter, the big Wall Street brokerage houses, have indexes that track commodity prices and technology stocks.
The category includes two different types of portfolios: funds that own the stocks of commodity producers, and funds that track commodity prices.
Some, like BlackRock's fund, track commodity prices more closely than others and can be volatile in the short run, while others, like Columbia Energy and Natural Resources, balance the bumps by investing in metals as well as energy stocks.
That's partly because most exchange-traded products use futures to track commodity prices.
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Specifically, could they make a simple tablet usable for distance learning, teaching English and math or just tracking commodity prices for under $50, including the manufacturer's profit?
Indeed, according to an article in the 27 March 2008 issue of Time, the rate of deforestation "closely tracks" commodity prices on the Chicago Board of Trade.
As recently as last year, the speculative bears on NYMEX outweighed the bulls.There is, admittedly, a growing category of inherently bullish investment funds that seek to track commodity-price indices, in which oil is usually the biggest component.
"They're doing everything they can to reduce payment for chips, which compounds the problems for the sawmills," said Hakan Ekstrom, the president of Wood Resources International, a company in Bothell, Wash., that tracks wood commodity prices.
Because consumer prices for food and fuel track the CRB index, lower commodity prices also take pressure off family budgets.
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