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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (123765)8/29/2009 12:35:50 PM
From: elmatador  Respond to of 206099
 
since regulations were eased by the Commodities Futures Modernization Act of 2000. Speculators now constitute about 50 percent of those holding outstanding positions in the U.S. oil futures market, compared with only about 20 percent prior to 2002.

...
“To protect the U.S. economy and American consumers, there needs to be greater market oversight,” Medlock said. ”The tremendous increase in the market presence of speculators by fifteenfold speaks for itself.”
sciencedaily.com

oil in the hands of speculator USD reserve currency in the hands of Bernanke. Would you blame someone to get control of whatever one can?