“Go right ahead. If you want to make the market less efficient.”
How? Use the Amaranth fund involvement in NG futures as an example of non-delivery speculation increasing market efficiency. Good luck, cause logic won’t help you with that.
“You mean the speculator who lost $6 billion? Don’t tell gas0linealley, he thinks all speculators make money.”
Who’s money was non-delivery speculator Brian Hunter playing with - his own?
You really dont’ know who lost the money Brian Hunter’s non-delivery speculation pi$$ed away? Come on! It was people well outside the group of non-delivery speculators playing in the NG futures markets and you know it. Don’t play dumb about it. It was anybody who had money in that hedge fund not just within the tidy group of speculators and brokerage houses you talked about. So you are wrong about that aren’t you?
“Stop it, you’re confusing him with your logic.”
Logic, ha ha yeah right.
Now consider this;
Shell CEO;
“There’s no point in predicting the oil prices, because it tends to be a pretty bad prediction. Why is that? Because there are so many factors at play. What I will say is that as recently as this weekend, I looked at data showing that crude-oil stocks in factories around the world are very normal or even better than normal. It’s a bit of a mixed picture, but by and large, there is no physical shortage in the world. So there must be two reasons [for the current prices]—geopolitical tensions in the world, and the amount of nontraditional money like hedge funds moving into the oil market.”
“Are traders distorting the prices?
Nobody knows the correlations there; it’s new territory. But some people estimate there is north of $100 billion in hedge-fund money in oil markets right now, which is of course significant. But that said, I’ve grown up in a physical world, and what I see from the physical world is that the lines of ships at refineries, and things like that, are OK.”
How about that - 100 billion in new, nontraditional, hedge fund money in oil futures last July.
Less liquidity.
Good luck, cause logic won’t help you with that.
You obviously don't understand markets.
Who’s money was non-delivery speculator Brian Hunter playing with - his own?
Investors in the fund.
You really dont’ know who lost the money Brian Hunter’s non-delivery speculation pi$$ed away?
Who made the money he lost?
So you are wrong about that aren’t you?
No.
How about that - 100 billion in new, nontraditional, hedge fund money in oil futures last July.
And what does that do to prices?