Loading ...So unfortunately the Opinions or Votes on what the Gov’ts lackey “guessers” think the price be, (rather that supply or demand) determines the price for the 10% that actually make or take delivery.
Usually the producer gets screwed and the absorber or middle man gets away cheap, and can make a bigger profit on the finished goods, than the producer that provided the product. When the unnatural distorted price gets too far distorted from reality, natural market forces (abundance or shortage) spring back the price the other way.
Put Pharmaceutical Prescription Drugs on futures and see what happens. Write your Congressman. Put Drugs on “contracts”, the 90% Guessers will short the shit out of them until shortages arise.
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Large speculators trimmed their bullish gold position and now have their largest bearish net positioning ever in silver, based on the latest reporting week for data compiled by the Commodity Futures Trading Commission.
Still, last week’s price action opened the door to a “tremendous opportunity” for bulls to reposition, said Bill Baruch, president of Blue Line Futures.
Net long or short positioning in the CFTC data reflect the difference between the total number of bullish (long) and bearish (short) contracts. Traders monitor the data to gauge the general mood of speculators, although excessively high or low numbers are viewed by many as signs of overbought or oversold markets that may be ripe for price corrections.
“Our assumption here is that Thursday’s sharp sell-off to major three-star support forced further liquidation from the long camp and many of those longs have yet to reposition. In conclusion, we remain outright bullish in bias and believe that gold is one small catalyst away from a strong surge higher.”
http://www.kitco.com/news/2018-03-05/Funds-Trim-Gold-Net-Long-Build-Record-Silver-Net-Short.html