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re: BOIL has become predictable

Posted on 2/26/14 at 7:39 am to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10248 posts
Posted on 2/26/14 at 7:39 am to
Shorts gained and longs lost so far this morning.

Backwardation and contango. I get the two terms mixed up, but they are at play when contracts are rolled.
Posted by sneakytiger
Member since Oct 2007
2480 posts
Posted on 2/27/14 at 11:43 am to
So March settles below $5, with April trading at $4.50... after five-year highs seen just a week ago at $6+. All of that, yet UNG only drops $2.50 off its high a week ago. What am I missing? Is this people trading the fund around an expectation, not its actual holdings?
This post was edited on 2/27/14 at 11:44 am
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