alexx

Speculators Driving Up Commodity Prices? Hardly

This article and many like it notwithstanding, the commodities futures market is BEING manipulated big time, and it has been going on for the past 4 years...the stream of $20-30 billion which became a $260 billion river owes its great success to the criminal negligence of our CFTC which has refused to enforce our nation's laws for the past few years which requires it to intervene in this fast growing casino and impose 50% and 100% margin requirements so that this manipulating money does not get out of control. As a matter of fact, all that is needed to break this bubble which is ruining millions of people and their jobs from airlines to auto plants, is an immediate directive to CFTC to enforce the law.Please remember there is no shortage of commodities (read the EIA.gov website on supplies in years past and now-no appreciable change...only prices are up 500% since 2002) and the only realistic reason for the commodities spiral is the Leverage in their trading. Take that away, this outrageous 20 to1, 30 to 1 leverage, and the bubbles go "pfttt...)All bubbles broke that way...