As we published our recommendation to invest in commodities, we got a remark that we should not neglect the contango effect and rollover costs. So we analyzed them and came to a conclusion that although the costs of futures rolling (and ETF fees) are not negligible, they are also not so important, compared to the recent movements of commodity prices.
There were ten futures for the nearest months
Roll over, roll over.
And the January futures was to expire
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