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The New DU. Reply #34: Although I agree with the basic fundamentals of trading you discribed...
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SkyDaddy7
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Sun Apr-17-11 08:12 PM
Response to Reply #25 |
| 34. Although I agree with the basic fundamentals of trading you discribed... |
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but when people can buy X amount of oil on paper & wait a day & sell it for profit then the price will get inflated as there is a "demand" for "paper oil". It would be much different if every transaction was actually buying the oil & selling it to someone who would be using it but that is not the case on every BUY & SELL order. So, traders do play a role in inflating the price...To say they don't is not being honest. The question is how much of a role are they playing in driving up the price. I honestly have no idea & I don't think many people do but it is a good question to be asked.
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