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Only In It For The Gold

Honest, wide-ranging, scientifically informed conversation about sustainable technologies and cultures, toward a thriving future

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commodities

Too too contango

May 21, 2008 | Michael Tobis


The image is lifted from The Oil Drum and shows the progress of oil futures prices over the past couple of months. Normally, future prices are lower than present prices, because of discounting. Discounting amounts to an expectation that you can invest money somewhere else now and buy the commodity at a lower net price because of your profits. [more]

This article was posted in commodities, markets, Montreal, Mozambique, Texas. | 10 Comments
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