RE: More on Veneroso ArticleI read the speech and I can't find any fault with it -- this hoarding of a commodity to make its price rise has been done before MANY times in history. Hedge funds have HUGE amounts of cash that they can multiply 100 times with derivitives. They are paid when they make big profits -- if they make big losses they walk away and start another fund -- there is NO penalty for the hedge fund managers for losing -- only big paydays for big gains --- I think that sometime in the future (when hedge funds can no longer buy up all supply) we are going to see a HUGE crash that will wipe out trillions of dollars of hedge funds -- and a lot of small investors who own commodity producers. The question is "how long before the supply is too big to buy?".
Take care,
Ken