SageNot

Oil Futures: It's Not Manipulation, It's Stupidity

"Paper speculation destroys capital of most market participants. Investing in commodity futures is not wisdom, it's stupidity."

It's NOT the paper Alex, it's the INTENT to manipulate. W/O a Futures market, prices for resources would never trend normally, what would producers (the Trades) do to offset risk, throw the dice? Where you have folks wanting to hedge, you have speculators willing to gamble, that's NOT manipulation, that's COMMERCE in action!

For someone who's supposed t/b an expert, you sure do come across as dumb as a stone, get a grip, read Gartman's Letter, WAKE UP!