written by reader Super Contango Warning

by xiexgp | June 23, 2014 10:57 am

Anyone know what Robert Williams[1] of WSD[2] is teasing with his latest ”Super Contango Warning”?

Endnotes:
  1. Robert Williams: https://www.stockgumshoe.com/tag/robert-williams/
  2. WSD: https://www.stockgumshoe.com/tag/wsd/

Source URL: https://www.stockgumshoe.com/2014/06/microblog-super-contango-warning/


4 responses to “written by reader Super Contango Warning”

  1. rrrong says:

    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

  2. andy451 says:

    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.

  3. Paul says:

    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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