It's not too late to pick up a little...
However, the hype on TV and the internet gives me pause. It reminds me of the net stock mania in 1999.
Hell, it reminds me of the gold mania of 1980-81. But we're not supposed to notice that.
I'm not invested either way, but I don't think the commodities market is even close to a top. There have been four commodities bull markets in the last 200 years. The average lenth of each of them was 14 years. Energy and metals have been going up since 2001. We are 5 years in with several more to go. You will know when we are close to a top when most people you know think that commodities only go up, just as they thought that stocks only go up before the crash in 2000. We will have a correction, but this commodities bull will not end until we see inflation adjusted new highs.