zenalgorithm

Speculators Driving Up Commodity Prices? Hardly

So funds which have added almost triple the amount of equity to the entire commodities market, don't have an effect on the price?

Give me a break. The entire U.S. commodities market was smaller than MSFT, GE, or XOM.

The commodities market is broken. It's like putting a Ford Escort engine into a bus and pretending that it's going to keep on trucking.

Goldman is making a killing on rolling contracts through their GSCI index - it amounts to legalized front-running.