Seeking Alpha

Isnt_It_Just_Money » Comments » Single Comment |

  • Watch for Yourself: 60 Minutes Oil Story Was Spot On [View article]
    A steep contango in the futures strip causes supply to be stored rather than available to the spot market, driving spot prices up.


    On Jan 13 07:54 AM Gary Lucido wrote:

    > 1) No one has ever been able to explain how speculators can influence
    > spot prices without taking delivery. The reason is that they can't.
    > It's an absurd assertion.
    > 2) References to the volume of futures trades as "evidence" that
    > speculation is driving prices is equally stupid. For every buyer
    > there is a seller. The volume of sells increased at the same rate
    > as the volume of buys.
    Jan 13 16:10 pm |Rating: +1 -1
All Comments by Isnt_It_Just_Money »
Comments by Ticker
Isnt_It_Just_Money's
Comments Stats
23 comments
Rating: 15 (20 - 5 )