Specboy CONTANGO vs. BACKWARDATION
Slightly longer term, say 6 months, is CONTANGO to be trusted ? BACWARDATION accurately predicted the decline of oil although not to what extent... CONTANGO shows us moving up into the summer. But is that just the normal prediction of traders who are drinking too much coffee these days ?
Just curious... I am not in a cash position as I can't see a for sure thing in anything right now... other than at the end of next week I will still have the same amount of cash as I have this morning... :-)