Shane Mage wrote: > If speculators, not "fundamentals," are driving up prices then these > speculators must be hoarding > actual cacao beans.
can't someone just "buy cacao beans long"? don't people on Wall Street often sign futures contracts while hoping that the beans will never be delivered? (with selling short, they hope that they'll never have to cough them up, as it were.) if enough people buy long, that drives up the price, encouraging further speculation of the same sort... more importantly, wouldn't the rising price of these beans to some extent reflect speculation that the dollar is going to continue to fall? -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
