User talk:Galen100
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I agree. This page confuses "normal backwardation" with "spot price is higher than the futures price". Normal backwardation describes a relation between the futures price and the expected future spot price, not between the futures price and the spot price itself. At least this is how it appears to me, having read investopedia:
http://www.investopedia.com/articles/07/contango_backwardation.asp
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