Russ Abbott

Copper Proves the Commodities Bull Isn't Over - Yet

Sorry, I'm confused. The curve shows prices declining as time increases. That means that if I have copper now, I'd do better selling it now than later. To make it worth keeping until later, I would want to be paid for the interest on the money invested in my stash of copper along with some money to store it. That means that even if spot prices stay the same, the curve should go up, not down. So why does a lower future price mean that prices are going up?