Proved, the commodities market was rigged

I'd wager that the author never traded in a pit.

 

"The spot price of West Texas Intermediate (WTI) crude oil increased from $122 per barrel on June 4 to $145 per barrel on July 3..."





August 12, 2008 Release

http://cc.msnscache.com/cache.aspx?q=73827579923856&setlang=en-US&w=37c457a5,d7c4ca83

 

If you guys can't figure out there is a secular bull market in commodities perhaps you should consider another job, flipping burgers, walking dogs. analyzing markets is certainly not your forte

 

And, for the record, that's how commodities trade. Hardly smooth.

But nice to have an opportunity to sell out at higher levels and then get back in to ride 'em back up.

 

Exactly. I'm convinced some of these guys have never traded anything. They certainly failed Econ 101. Price and demand do not have a linear relationship. If demand hasn't dropped, why is OPEC cutting quotas?

 

No, it was Pension Fund money.

Check the stats for Q1 and Q2.
Enormous flows into the energy futures sector . . . by PENSION funds.

 

Agreed. The number of posters on ET far exceeds the number of traders on ET. The number of unprofitable traders on ET far exceeds the number of winning traders on ET.

 

Glad that I manage my own pension funds and IRAs.

 

Stock777, this is evidence but not proof.

 

LMAO that you think something OTHER than supply and demand moves prices...