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gldtimer

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gldtimer

Re: None

Saturday, 06/24/2017 8:01:35 AM

Saturday, June 24, 2017 8:01:35 AM

Post# of 4668
The End of Eight Years of Contango!

http://stockcharts.com/c-sc/sc?s=%24USD%3AUUP&p=D&st=2008-06-24&en=2000&i=t21075521806&r=1498305418308

Betting on the USD via UUP was always a losing prop for the past eight years based on contango caused by US interest rates being lower than the basket of foreign it trades against. But no more, with backwardation now in place.
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