I like your strategy, I'm also invested predominantly in indexes and commodities. Commodities exposure through ETFs is a great way to invest, I also have exposure to companies that are directly affected by commodity prices. Oil did well for me last year during the Yemen ordeal when it spiked upwards, after selling I've gotten back into it since its dipped into the low 30's high 20's. I'm confident the best way to ride out the current rut is with a blue chip oil company (they're so cheap right now) that pays a solid dividend. Bottom line commodities are easier to assess and forecast since they are much more bound to supply and demand (that's my humble opinion at least).