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Given the move into the commodities markets by so many investors in the last five years and the rather small total size of some of the commodities involved I think it has become prudent to always keep in mind that the market price in any given commodity might be an illusion that is the result of a manipulation. Depending on the motives for the investment the commodity involved may be priced too high or too low, depending on whether the futures money is in long or short positions.

Consider that the tin market and the copper market have rather dramatically been shown to have been manipulated and that the coffee market in Europe is showing strong signs of having been successfully cornered. Then apply the "Rule of Cockroaches". I suspect that many commodities are only realistically priced when there is a "market event".

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Aug 22nd, 2010 at 07:32:03 PM EST
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