I have no idea if his theory accounts for some of the price swings or not. However, you might want to simply ask him how it would help us understand the fact that all commodities are moving up and down rapidly together. Last Thursday, for example, as oil fell by 10% so too did silver and other commodities. If it isn't the impact of commodity index fund speculation then what explains the co-movement of commodities and how would his theory help explain any of this?
Brad _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
