Opinion on  Barclays Bank PLC iPath Exchanged Traded Notes due June 12 2036 Linked to Dow J (DJP)
ETN for Commodities

I do not understand how to value a commodity.  Supply/Demand, hedging, speculation, etc. are factors that determine a price or a commodity.  I do feel that the trend of commodity and agriculture goods use will continue to increase.  I see only higher demand for these goods as more and more people are able to attain them.  As such, I have watched this ETN since $60.   I feel that this index ETN with agriculture, metals, energy, etc. is a way to diversify into this sector.  However, I do feel that there is risk as to timing and bubblishness at the current time.  I am entering this with a limited amount of funds to see what actions the FED will persue in the next few months.  The fee (.75 basis points) is tied for the lowest of the commodities ETNs. 

I recently saw reports that Brazil had a reserve discovery of 40% and that the US has made a discovery in LA that adds 50% to our reserves.  Oil and commodities will hurt this pick if this starts to be reflected into prices and some speculation comes out of the market.