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The speculation is in commodities indexes which are all long positions. Thus, it won't work both ways - prices won't go down.
by bricestacey 16y ago
The speculation is in commodities indexes which are all long positions. Thus, it won't work both ways - prices won't go down.
- fauigerzigerk 16y agoI think what actually influences prices is trading of futures contracts. The price in the contract can be above or below the price of a shorter dated contract, i.e the "current" price. So I can speculate on falling prices, thereby depressing prices. That's my understanding, but I don't claim to understand all the details.