Forum Discussion
kudos383
Jun 04, 2008Explorer
wing_zealot wrote:Do I have to go to the corner now?Maybe my comment was spect,lol.kudos383 wrote:
All the other comd's the usda and govt are involved in,they buy them have to keep them cool,etc.uncle sam is watching.Oil can be bought years in advance,never have to touch it or even see it,just every 30days resale it.But with Iraq now putting out oil,and more in the future,plus gov getting involved,I see oil takeing a big fall.
Your explaination of how the commodities markets works is clearly way out in left field. Nice guess, but totally off base. You are obviously clueless as to how commodities trading works. Don't try to explain something you clearly know nothing about.
Gee I own pork bellies, lots of them, but I sure don't have them in a refrigerator, actually, their still eating and pooping, and I don't even own the farm they are on, just the bellies. And the USDA doesn't do a thing, until your ready to butcher them for sale. Then all they do is test for contamination and inspect the belly, there is no watchdog.
Read and learn, then learn some more, then investigate it your self, then put your own money into it and learn the hard way, then maybe you will be qualified to post about how commodities trading works. It just irks me to no end when people profess something to be true (like oil speculators are driving up the price of oil) with no first hand knowledge. Then they back it up with some totally wrong BS that shows they know absolutely nothing about what they are talking about. Just repeating something they heard some where else and gee, it's just gotta be true, casue so and so said so. Get Outta Town!
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