Sunday, March 31, 2024

IN CLEAR VIEW /IN PLAIN SIGHT. . .could be a sign the global economy is facing some trouble | @Barchart

 Some comments: 

Jai.fuel 🚢🌱🌐🛸🐐Tabi 🟧
@Jaimenonsg
Whut … How can contango spell trouble ?


Lex◇investor
@Inves2grow
Why would a higher futures price over spot (contango) spell trouble for the economy? Seems it reflects an expectation of higher demand(?) Help me out here.
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Barchart
@Barchart
Traders are betting some copper smelters will have to slow and/or stop production which will reduce supplies. This is less about demand and more about lower production impacting the supply chain.

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