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  • 'Index Speculators' Hoarding Commodities [View article]
    Probably 99% of all consumer products and commodities (computer chips, fish, oysters, crabs, lcds, etc.) are not even traded on the futures markets and are much better at dictating prices according to supply and demand.

    If computer chips were traded on the futures markets, PCs would be $5000 instead of $400-$800 (including lcd). If a delivery truck had a flat tire or if it rained, trader would jack up the prices 40% in a day.

    Oil supplies at or need all time high. Stockpiles have increased something like 85%+ on a weekly basis since the beginning of this year. Futures Traders dictate if rice is as much as gold and if oil is $800 or $15 per barrel, no matter the supply or demand. Futures Traders think that are God, but they are really the Devil.
    Jun 02 14:49 pm |Rating: 0 0 |Link to Comment
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