Quote:
Originally Posted by BYU71
Tex, the futures market is not the market. That would be like saying the options market is the stock market.
People talk about the need for hedging, OK fine, let those people who are legitimately in the business or a related business do the hedging. Not huge hedge funds whose sole purpose is to specualte on where a commodity is going to go.
The liquidity argument is bogus. The liquidity is so tons of trades will go on and not only the speculators make (and lose), but the people who run the exchanges make a ton of money.
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you are starting to make sense.