Quote:
Originally Posted by meteotrade
*Sigh*. So much confusion on how the futures markets work. Traders, as you claim Froggy, are not to blame for the run up in prices; traders make a roughly equal number of short trades and long trades... hence the term, TRADER!!! A trader is just as likely to short sell oil as to buy it, so if anything, traders act to stabilize the oil market.
If you really want to blame someone, look to INVESTORS, like you and everyone else who has a 401k or pension. Make sure you don't have any money in a commodity index fund, which is the real culprit behind the big run up in prices. Speculators, not traders, are who are causing all the pain right now.
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Just to be clear on wordage...
You are stating that those who speculate in commodities, in an effort to
hedge inflation, are investors, not traders.