[SAJ]

''For some''? Do you mean, ''For some observers'' or ''For some investors/traders''?

I ask this because this point is very important to a coherent discussion.

[RightWhale]

An earlier thread today, some oil market analyst, perhaps working for OPEC said NYMEX is futures and futures trading is speculation. Nothing more, nothing less, futures trading is speculation, all of it. That is the some who use that definition. Buy an oil future contract, be speculator. Simple. EOT