主题：期铜期银紧随期油跃跃欲试 -- 子玉
when futures prices are in contango
1.when the longs cannot take delivery, the shorts can push price down to any level
2.when the futures prices are in contango, the longs take loss every time they roll over contracts forward
This is happening with WTI futures, it hurts people that long oil contracts directly, or vehicles holding these contracts (ETFs like UCO, USO). The longs keep losing money even when the spot price is not moving down.
I think this is one major reason why oil price and bullion price diverged so much recently. The root case is that bullion longs can take delivery while most oil longs cannot.
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🙂期铜期银紧随期油跃跃欲试 15 子玉 字2039 2009-01-04 04:37:33
🙂beware of rollover penalty
🙂好铁要顶。 黑豆 字77 2009-01-04 18:05:00
🙂鲜花 grass 字0 2009-01-04 16:30:10
🙂大宗商品期货相关的板块 孤舟一叶飘 字70 2009-01-04 16:22:39
🙂好文送花 行者无疆 字0 2009-01-04 05:10:28
🙂今年将会是记录刷新年 思考得人 字474 2009-01-04 05:00:27
🙂当然不断有单日大幅涨跌记录... 1 子玉 字118 2009-01-04 05:12:16