It may feel like there's no limit to the price of oil and gold, no bottom for the U.S. dollar and no stopping the bull charging through the commodities markets. Some of these recent developments can be painful, but ETFs are a good way to hedge the madness and turn lemons into lemonade.

FXF: Currency Shares Swiss Franc Trust

This fund is currently sitting 10.2% above its trend line (the 200-day moving average). The dollar's value vs. the euro, British pound and yen has been garnering much of the ink in the press, but the Swiss Franc is at record highs and is nearly at parity with the dollar.

Switzerland's currency is sought after in politically and economically volatile times because the country and its government have long been known for its stability.

USO: United States Oil 

The rising price of oil seems to be giving most everyone a headache. On Thursday, it reached a new record of $111 a barrel.  It isn't going to help that OPEC has refused to increase production even though demand is on track to grow this year by 1.7%. As the dollar keeps on heading south, the price of oil will only continue to surge higher.

It's interesting to note that this fund, which holds oil futures, isn't gathering assets as rapidly as one would think, and the speculation is that investors are skittish about another contango mess.

GLD: streetTRACKS Gold Shares

Another record-busting commodity, gold futures topped $1000 an ounce on Thursday, largely because it's seen as a "safe haven" for investors when the markets start acting up.

GLD holds the physical commodity, and it recently hit a record inventory of 655 tonnes. Further contributing to the spike in gold prices is the continuing power outages in South Africa, which interrupt mining activity and create shortages of the metal on the market.

DBC: PowerShares DB Commodity Index Tracking Fund

Investors who are uncertain they want to put all their money into one commodity will find comfort in the instant diversification that this fund offers. Certain commodities are known to be volatile, and this fund spreads out the risk a little.

DBC invests in futures contracts on six of the most heavily traded commodities in the world: crude oil, heating oil, gold, aluminum, corn and wheat. Every commodity in this fund has soared to new levels lately, including wheat, which hit a 60-year low in supplies last May.

As the world's population grows and emerging markets move forward, demand for commodities will continue to spike higher.

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