Natural gas will never drop
Natty will never drop. Anyone who thinks natty and food will drop again is dreaming.
And gas supply is going to be flat.
Oil forward curve going lower
Oil is going lower.
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Copper turns to backwardation, prices poised to rise
I have been monitoring the copper warehouse stock levels in previous articles and today I came across an interesting article on Seekingalpha talking about copper futures contango. In that article the author gave a historical chart of the premium or discount for contracts extending about a year to 18 months in the future. We will see that backwardation will have a positive effect on copper prices and much more. The Chinese have been doing very odd things with their copper warehouse stocks. To read about this go to: Copper turns to backwardation . Chart 1 and 2: Copper futures contango and copper price
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