Both parties have cost us dearly ... just by coming out with a pro-drilling plank that would drive a good part of the speculation out of the commodity markets ... those show trials we just had WERE THE CAUSE OF THE SPIKE TO $135+ ,, the world saw our gov’t has no intention of actually fixing the problems...
We need to fix the commodity markets by requiring delivery... why should we allow unlimited numbers of speculators with no need for the product , nearly unlimited funds, plenty of leverage , and no ability or intention to take delivery of a product conspire to push prices in one direction or another... these things take on a life of their own just as soon as a direction is established and they all jump on board ... and in the case of commodities where demand and supply are more or less pretty close to a balance it doesn’t take much to manipulate a market,,, especially when the “real” players that want delivery must play it long or risk having idle factories.
You know more about the market than I, so my question:
Is there any way these market manipulators can be exposed? I believe some have an ideological motive. Although motive can’t be proven, I’d love to see some names.