"I would like to short the current contract for oil but am too scared after last months loss, so will leave oil alone"
Yeah I lost a wad on OOO before I understood how extreme contango kills you. Many here don't have a clue how this fund really works but they will find out when they lose their dosh soon enough. OOO will be a good investment in future but it has far more money to take off holders first.
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Have d the bottom atm, page-40
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