Contango for commodity traders is as inevitable a phenomenon as taxes; eventually you will come face-to-face with an upward sloping futures curve. In many cases this simply presents an opportunity to make a play on the respective asset or possibly to re-position current holdings. Contango is most often caused by the storage costs associated with keeping large quantities of commodities in a designated area for a period of time but it can also reflect market expectations of how a commodity’s price will move. Below we outline several commodities currently exhibiting contango. Precious Metals The precious metals sector is almost ...