TickerHound

Oldman answered 2 months ago …

Futures markets of all commodities = speculation...that's what they're set up to be, that's their raison d'etre, that's their purpose.

Any governmental attempts to "control" the speculation will move the market offshore. It's a pandering attempt by demagogues to appease the public's need to cry...there's not an economist, trader, specialist who believes this BS, because it would destroy the U.S.-based futures trading, and the speculation would continue in London, or Dubai, or Singapore, where they are waiting with avaricious gaze to have the trading moved to those electronically-sophisticated centers.

I don't trade, or speculate in futures. I hold an Ag ETF (DBA), in a taxable account. I don't have anything to gain or lose from a move of the futures trading out of this country. If you let the politicians try to regulate economics, you'll watch a lot of bad decisions.