Folks STOP BEING IN DENIAL! Finally SOMEBODY big says it as it is!
“Index speculators’ trading strategies amount to virtual hoarding via the commodities futures markets,” Michael Masters, a former hedge fund trader, told the committee in prepared testimony.
And he goes on…
“Institutional investors are buying up essential items that exist in limited quantities for the sole purpose of reaping speculative profits,” he said.
What have I been saying? I have been saying buying commodities is akin to flipping houses! Michael Masters even goes on to say that the speculator is creating as much demand as China! Think about it folks!
2 comments Wednesday, May. 21, 2008
by Christian
