Playing the Commodities Bull, Latin Style

This column was originally published on RealMoney on Oct. 11 at 1:24 p.m. EST. It's being republished as a bonus for TheStreet.com readers.

Many very smart investors, including Jim Rogers, believe we are in the first few years of a 15- to 20-year bull market for commodities. That's one of a number of reasons to diversify your portfolio with exposure in Latin America.

Besides being commodity and resource rich, the Latin markets historically have a low correlation to the S&P 500. As emerging markets, they tend to have much bigger swings up as well as down.

Latin America turned in an excellent performance last quarter, but as I predicted last week in Columnist Conversation, a pullback in the region has gotten under way. The bigger markets in the region fell 5%-8% from the end of the quarter to Thursday's close. Now is certainly a better entry point, but there could be more room to fall. ...