murray t turtle
Registered: Dec 2001
Posts: 6270 |
06-01-12 06:54 PM
Quote from mickmak:
Commodities market was created for consumers and producers of the actual commodities to hedge prices. not some speculators to make a gain from nothing. any reforms in the market won't change what is fundamentally wrong with the market - too many participants with no real interest in the end commodity.
and don't be no hater... I trade as well, but I think the market is f'd up b/c large accounts with no real interest can alter market conditions. I.e. $10B hedge fund can move oil market without any end interest in oil. What does that create for the society when the game is zero sum?
well.. time to short some more oil as no reason for oil to ride higher due to today's unemployement report. I feel like such a creator of product/service/jobs/and etc. haha...
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Good points mr MM.
Figured also farmers/ranchers are some of the CME's best/profitable customers. Most farmers have so much to do;
they really do not have the time to studyprice trends, much .Even though they know seasonals like real wise.
Plus farmers, for example, on paper/on purpose give 10% more than they have to.{apple bags say weigh 3 pounds, but most all apple 3 pound bags weight 3.3-4 pounds.LOL but true]Plus most farmers believe in God/tithe/prayer for rain...
Corn farmers/wheat farmers did not seem to like it;
they're selling hard....... have beenselling for some time. Bean farmers like it, or at least the long term trend is UP.LOL
Plus my CPA told me farmers still send cash thru the mail........................................................................
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