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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (21441)	7/22/2009 7:27:17 AM
From: Real Man	Read Replies (1) \| Respond to of 71426

Exactly, thanks for posting, and that's where I got 6:1 from. The contango is very steep, 48% for 4 months between September and January, so I think the arbs will find a way to store NG for a profit, and front month should soar relatively soon. That's what happened to oil, but then of course it's easier to store. Gas can be stored in liquid form in addition to underground storage that is almost full, but then of course you need to run that at low temperature. For that kind of fee (48% in 4 months) it probably can be done, which is, perhaps, the best ARB profit opportunity that exists now. Just find a cheaper storage fee than 100% annual. If not, build some and take delivery. A large fund can do that. <G>