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Strategies & Market Trends : Ride the Tiger with CD

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To: Cogito Ergo Sum who wrote (26786)	3/11/2005 6:15:27 PM
From: Condor	Read Replies (1) of 313296

Another way then: Far out oil costs more than short term oil. EG: March oil is $ 53 and August oil is $ 55 "contango" In futures or options trading, a market in which longer-term contracts carry a higher price than near-term contracts. The premium accorded to longer maturities is a normal condition of the market and reflects the cost of carrying the commodity for future delivery. Compare inverted market. I guess what the conundrum is, is that immediate oil sentiment is that its going down (recent days collapse- stocks and such)yet to buy it further out, the sentiment is that it isn't going down. A chum of mines brother has a very large boat and its called Contango. Apparently a gift of gold price gyrations when he was CFO of a small exploration gold company called.......sorry......can't go there. <gg> He's very wealthy and a great guy from extrememly modest beginnings. Actually, something like you and I Spotted except for the Very wealthy part. <g> C

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