written by reader Super Contango Warning

By xiexgp@gmail.com, June 23, 2014

Anyone know what Robert Williams of WSD is teasing with his latest ”Super Contango Warning”?

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June 30, 2014 1:25 am

Come on Gumshoe, help us out. Williams claims we can be wealthy by the 4th of July. For the greedy among us there is a real sense of urgency — why be wealthy when we can be filthy rich

July 1, 2014 4:27 pm

Ok Ron, so we know that it is probably a commodity, right? And to be wealthy
by the fourth of July . . . let me think for a minute son. Yes, I think this can
be easily done, selling catsup, hamburgers, maybe beer and things, glow
-in-the-dark red-white-and-blue shoestrings in the blazing hot sun, right
out there now on highway 61. Is it one of those? If so you can thank
Bob Dylan. Maybe he knows. This is just a couple of commodities to
get you started. My last thought is fireworks. What do you think it is?
It’s only $49 bucks to get The Cotango Ultimatum if you can’t solve
the clues.

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Tom Slover
July 3, 2014 2:34 pm
Reply to  andy451

My guess is that he is talking about Helium. National reserves in the Texas Panhandle are almost depleted and very little new helium is being extracted. Helium has several industrial uses. Not simply used for party balloons. Can anyone confirm?

July 5, 2014 5:30 pm

Could he be talking about wheat? As of the close of business Thurs 7/3/14 the spot price of wheat was $599-4 while the March 2016 contract was $678-2.

Contango should be the normal state of the futures curve for wheat due to storage costs. But I don’t think wheat is that expensive to store to account for the 13% difference in price. If this is what he is referring to, how to take advantage of it with the most leverage? The only wheat ETF (WEAT) does not currently offer options further out than January 2015.

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