[Toddsterpatriot]

Let’s say cash silver is trading at $32.00 and the futures are trading at $28.00. A trader might take physical silver that he has in inventory and sell it in the cash market, and then immediately take those proceeds and buy back and equal number of ounces in the futures market and take delivery. Since the same number of ounces in the futures market cost $4.00 per ounce LESS, he would end up with the same number of ounces in his inventory PLUS $4.00 per ounce in CASH in his pocket. If he and many other traders saw this condition and they all sold cash silver and bought the futures, this would, again, converge the spread between the cash market and the futures market.

That's called arbitrage. It's not a crime.

Someone who thinks it is could be charged with criminal stupidity though.

[SkyPilot]

Right on cue! Mister insults and narcissism.

You know what Todd, lots of these dishonest manipulations and shenanigans are "legal" in a sense, but not if fraud is committed, or conspiracy. And I wager fraud and conspiracy happen every single trading day. Taken together, this scurvy will infect our entire system. You can pat yourself on the back for your contribution to it. What did they imprison Enron for that was so worse than the collective scam of today's money gamblers?

[expat_panama]

Someone who thinks it is could be charged with criminal stupidity...

Willful, premeditated, malicious, and totally ridiculous stupidity.

We've been hearing a lot about how the price of gold should really be over say, $3K/oz because of the "true" inflation and the fact that gold is "real" inflation-proof money.  Seriously, anyone who truly believed that would be hocking everything buying up gold hand over fist, and then: making a profit.

Most know better but the few who really believe have never managed to get past that first part.