I think the commodities market is by far used for speculation. Same with options, supposed to be an insurance policy for portfolios, it's now a vehicle for spec

I think the commodities market is by far used for speculation. Same with options, supposed to be an insurance policy for portfolios, it's now a vehicle for speculation. Thinking that at its core it's for hedging is a very naive position. All you have to do is look at the volume of transactions and you'll realize that most activity is purely speculative.