Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: tyc:> who wrote (21187)	9/16/2006 4:17:39 PM
From: John McCarthy	Read Replies (1) of 78408

tyke I can't - over my head ..... >>>>>>>>>>>>> >>• The commodity futures contango is causing losses now to traders intent on rolling contracts (longs) forward. Try to understand the contango - backwardation implications of futures markets >>>>>>>>>>>>> I did NOT understand nor ever heard of the word contango until RIGHT NOW. google says it means (which you and Koan probably already know) >>>>>>>>>>>>>>>>>> contango Definition A condition in which distant delivery prices for futures exceed spot prices, often due to the costs of storing and insuring the underlying commodity. opposite of backwardation. >>>>>>>>>>>>>>>>>> investorwords.com and backwardation >>>>>>>>>>>>>>>>>> backwardation Definition A market condition in which a futures price is lower in the distant delivery months than in the near delivery months. >>>>>>>>>>>>>>>>>> investorwords.com If I go back to the original statement and replace with definitions >>>>>>>>>>>>> >>• The commodity futures [[distant delivery prices for futures exceed spot prices]] is causing losses now to traders intent on rolling contracts (longs) forward. Try to understand the [[distant delivery prices for futures exceed spot prices]] - [[futures price is lower in the distant delivery months implications]] of futures markets >>>>>>>>>>>>> Sorry I could not give you something more understandable and concrete ... I am still on sister-in-law duty and may not be able to get to SI until tomorrow. regards, John

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