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Old 08-12-2008, 04:45 PM
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Kal (Andrew)
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Join Date: Nov 2006
Location: Sydney
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Quote:
Originally Posted by Ian Robinson View Post
That kind of speculation is nothing short of criminal in my view.
I'd take it one step further and say that all of this type of speculation is screwing the system. The only reason why oil went up to close to US$150 a barrel was because people that weren't using it were buying it on the speculation of the future price - which artificially inflated the price.

Bond futures used to be used in the system to provide a method of insurance to traders, nowdays it is being abused by being the primary method of trade for "high risk high gain" traders.
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