Thursday, January 08, 2015 3:29:21 PM
Although I think the time-based erosion (cantango) on futures-based ETFs can hurt either way as contract months roll over. If the futures are trading at a higher price than spot-price, the futures price will often dip down to meet the spot price as the contract expires. It can do this over & over, unless I'm mistaken, upon every rollover. I'd expect oil to trade in cantango that way since future expectations would be higher prices. So I'm hoping this is near the bottom & I don't have to hold this TOO long. I guess if it runs up enough the cantango won't matter too much.
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