RE:Cash spread
Caramba, you have to understand the futures markets. Which I'm not an expert in. But when the futures price of a commodity is higher than the spot price, it's in contango. Higher prices ahead as the price rolls forward. Yes I believe it shows strength because the traders feel it will be even higher when that contract comes due or else they wouldn't be paying that premium now. I don't know what's considered a high premium but if you're reading it's as high as pre 2007, then that's showing massive speculation. The more I don't want that, the more it looks like it's going to happen. The traders are forecasting massive inflation in the price of nickel. It looks like we're about to see a huge spike. But usually that doesn't end we'll. Maybe this time is different. GLTA