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Re: jdcpa1 post# 69529

Friday, 12/22/2023 10:03:20 AM

Friday, December 22, 2023 10:03:20 AM

Post# of 86637
There should be a distinction made between "broker" vs "principle" when transacting in commodities. Is JP acting as a broker? Financings may mean that he is acting as a principle-literally taking virtual possession and then making the margin between buying at "X" and selling at "Y" vs commission that a "broker" would make. Hopefully detailed explanation will be forthcoming in near term as indicated by tweets. If principle then margins will exceed brokerage margins substantially. What that means?? No idea yet