>On Apr 12, 2012, at 2:04 PM, Shane Mage wrote: > >> This is shameless demagogy. Kennedy doesn't even admit that for every >> speculative >> dollar betting on a price increase there is a speculative >> dollar betting the other way. > > Then why do markets ever move in a sustained direction? There's never a > preponderance of buyers over sellers? This would be news to anyone who > participates seriously in the things. > > Enormous funds have come into commodity markets via commodity funds. > They're a major reason that oil and food prices have gone up in recent years. > > Doug
Doug talks about demand and supply, Shane talks about what happens when the market clears so both of you are right: there is no conflict between your statements. Best, Sabri _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
