Which is precisely why we are going to see a global meltdown, perhaps sooner rather than later.
It's a crucial part of every market.
I know you are "above" reading articles
I love to read articles, even if they're stupid.
The lynchpin that is holding this dynamic together and keeping the futures markets tied to the underlying cash market is the fact that the futures contracts are deliverable, and a trader can either deliver or take delivery of actual physical silver via his futures position.
Yes, actual delivery of a commodity is an important part of commodities markets.
The futures markets have lost their viability and trustworthiness because of the MF collapse and theft.
No they haven't.
At some point in the not-too-distant future, people everywhere are going to realize that the delivery mechanism is not reliable.
If the delivery mechanism is unreliable, people will stop trading in that market.
Heck, just holding cash and/or positions in a futures account is no longer reliable.
It's a shame, I thought Ann used to know what she was talking about, but maybe she was always a loon?
If the futures market itself is not reliable, traders will no longer attempt to arbitrage these basis spreads because the risk to the trader that the rug will be pulled out from underneath them is simply too great.
This should make you happy, if arbitrage is bad, no arbitrage must be better.
This is all built on dishonesty, greed, and lies.
I hope you don't trade anything, on any market. You're obviously not cut out for it.
Maybe a coffee can is more your speed?
Which is precisely why we are going to see a global meltdown, perhaps sooner rather than later.