Leveraged Commodity ETFs: A Way to Diversify Your Portfolio

The S&P GSCI is a widely tracked commodity index that comprises commodities ranging from energy and metals to agriculture and livestock. At the time of this writing, the GSCI is down by more than 43% over the last year. Light crude is down by more than 52%, heating oil 46%, unleaded gas by close to 50%, and both copper and sugar by more than 25%. Sound like a commodity bear market you should stay away from?