A headsup on oil & gas smarts

Toby Shute over at Motley Fool is good, good, good at Oil&Gas. By way of example check out an article he published today on Contango Oil and Gas (MCF) and also pay attention to the dialogue in the comments section underneath.

We at IKN like sharp, independent brains in this market. Shute wins.

Chart of the day is............

...LME copper futures, still in contango.

Copper is just the example, as everywhere you look contango (which is jargon the financial world uses that simply means "you gotta pay more later than now") rules the scene. Base metals, soft commodities, crude oil etc.

Why are virtually all commodities contangoed right now? I suggest you sit down, take five minutes out of your day and have a good, hard think about it.