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I was looking for that, trying to figure out how futures can
determine supply and demand. Speculation controls a futures price,
but come expiration the position must be closed, offset, or there's a
train load of commodity to sell or physically store.
This morning's John Mauldin continues the topic.
http://www.frontlinethoughts.com/pdf/mwo052308.pdf
Mike-pdt
--- In realtraders@xxxxxxxxxxxxxxx, "fxapprentice" <fxapprentice@xxx>
wrote:
>
> Pretty interesting reading:
> http://hsgac.senate.gov/public/_files/052008Masters.pdf
>
> From fundamental standpoint, if US will impose restrictive
legislation
> in this field, we'll see another bubble explosion.
>
> Gold & silver is down from all time highs, EUR is making second
top,
> agriculturals retreated. Oil is the next ? Maybe after CL will get
to
> 147-150.
>
> Michael.
>
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