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Rolling to next month is not taking delivery, how can anyone be hoarding
something they don't have. Future price is speculated, but when the
front month closes it's no longer a speculation but a commodity with a
value determined by supply and demand. Or used to be, they say
that's changed?
Mike-pdt
At 11:26 AM 5/24/2008, you wrote:
What about just rolling to the next
month?
Ira
www.delta100.com
- ----- Original Message -----
- From: mdm27613
- To:
realtraders@xxxxxxxxxxxxxxx
- Sent: Saturday, May 24, 2008 7:19 AM
- Subject: Re: [RT] All short term projections are failing in
CL
- 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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