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The reason I ask is because I worked for one of the largest traders of physical commodities in the world, and was involved in that trade. What you're talking a
by HiLo 11y ago
The reason I ask is because I worked for one of the largest traders of physical commodities in the world, and was involved in that trade.
What you're talking about is called cornering the market, and when it happens, the people go to jail. You're using anecdotal evidence to support your claim about a large swathe of people.
Also, if their buying activities meant to create artificial scarcity was the only factor driving the prices up, why did their selling not have an equal effect pushing the price back down?
- datashovel 11y agoI'm certainly not a professional trader, but it seems intuitive to me that as long as demand is greater than supply for an extended period of time a trader could "unwind" the position over that entire time frame. I think it would be silly to assume these kinds of schemes would be opened and closed overnight.