MacroVoices #373 Ole Hansen: Commodities Update
Macro Voices
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The Contango on Backwardation in the Bloomberg Commodity Index
The bulk of commodities in the Bloomberg Commodity Index are taking those that have a weighting of more than 2.5%. This is despite the weakness that we've seen recently, even though the prompt price is selling off. Backwardation is very positive for a commodity investment; it gives you an additional return on your investment.
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