Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (85422)	2/14/2009 6:34:42 AM
From: Real Man	Read Replies (2) of 94695

This says it all... March Crude is up, April and May crude is down. Arbs are reaping a huge bonus on contango, storing the stuff, then delivering into a futures contract. My guess is that the oil/commodity funds have created this situation as they bid up contracts, but the demand isn't there (so far). So, oil funds are long further months and are down. It seems the only way to profit now is to take physical delivery and short the futures. Got a tanker? It's a risk free trade. -g- quotes.ino.com You can't blame commodity funds, the only way to track oil is through futures. Arbs should take care of the problem eventually. I guess they are kinda hurt by the credit crisis and are not working that well anymore. -g-

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