Using Trend Followers in Commodity Markets

Some of the synthetic sort of markets, you construct as actually through looking at the same market, but rolled on a different schedule. I was hoping you could talk about that a little bit, expand on the idea where it came from and why it makes a difference. Think about crudoil. We had super contango two years ago when covet head. We now have a form of super becradation two years later. The twelfth contract out reacts very differently, less volatile, has less bata than the front contract. So they are related and yet not identical. Trading them all is another form of another way of increasing my diversification benefit inside of a system.