On March 1, 2013, a trader buys a June 2013 gold futures contract at a price of $380 per ounce. The trader calculated the futures price range from the cost of carry model and found that this gold futures contract should trade at a price between $390 and $430. Which of the following statements about this June futures contract is correct?

		The trader can get quick arbitrage profits by engaging in either cash and carry strategy or reverse cash and carry strategy.
		The trader can realize arbitrage profits by engaging in a cash and carry strategy.
		The trader can realize arbitrage profits by engaging in a reverse cash and carry strategy.
		No arbitrage profits are possible to the trader from any trading strategy.
		None of the above statements is correct.