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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Tommaso	5/12/2005 1:26:12 PM
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Has anyone else noticed that the prices for crude futures for the years 2010 and 2011 are RISING? Of course, higher interest rates could make holding those positions an expensive proposition for whoever is doing it. But that also means that whoever is holding them may actually be valuing the crude at about $60 or more. futuresource.com Let's see, I could put about $48,000 into a fully-paid-up futures contract for 1000 barrels of light crude to be delivered five years from now . . . Kind of like buying yourself an energy annuity.

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