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teapeebubbles

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teapeebubbles

Re: teapeebubbles post# 924

Tuesday, 05/29/2007 11:01:38 PM

Tuesday, May 29, 2007 11:01:38 PM

Post# of 995
the worthless word for the day is: contango

[perhaps an alteration of continue] /cuhn TANG go/
Commerce charge paid by purchaser for postponing
payment from one settling day to next
compare backwardation : postponement by seller of
delivery of stock; premium paid to buyer for such
postponement

"Heating fuels would be expected to be priced in a
backwardation structure during the winter and in a
contango structure during the fall."
- John Elting Treat, Energy Futures

#board-2412


"We are what we repeatedly do. Excellence, therefore, is not an act, but a habit." - Aristotle

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