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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
The oil contango continues to narrow. The table below shows the contango changes in June to December contracts between May 7 and today. On May 7 the difference June to October contracts it was $4.01, now is around $3.46:
USO:
Oil has gone up in great part due to the recent decline in the USD. Nevertheless, declining contango is a bullish sign.
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