A speculator can make as much money if the commodity price is falling as if it’s rising. It has no long term affect on price. This idea that speculation makes prices rises is pure garbage.
Deep-pocketed speculators acting in accord can make even more money with higher volatility, yes? Run it up, ride it down. There are very few games in town to provide any sort of rate of return, and the hedgies have resorted to manufacturing instability for their own benefit, in my opinion.
Again. Just as in 2008.