To: dennisw
I forget. Contango is when further futures months are higher or lower? Since higher is the norm, I woudl assume lower.
17 posted on
07/13/2016 11:01:45 PM PDT by
dp0622
(The only thing an upper crust conservative hates more than a liberal is a middle class conservative)
To: dp0622
Yes,
Contango = lower future prices
Normal Backwardation = higher future prices
19 posted on
07/14/2016 1:31:28 AM PDT by
oblomov
(We have passed the point where "law," properly speaking, has any further application. - C. Thomas)
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