RE:RE:RE:RE:Could this head to $15.00+ this week?supernova wrote: yes, I think it could double from here. while brent oil goes down. HOU will double. contango and backwardation. silly ETF. anything could happen. I remember HVU going down to zero not long ago.
Contango and backwardation is only an issue at rollover...
At that time, the shape of the futures curve will give or take...