"I believe those of you who seem to think that paper manipulation will be able to bring down commodities prices, most especially oil are about to embark on a new reality with mother market!"
Just the opposite FA! Like I said read my post again. My expectation is that paper manipulation will bring commodity prices up. The short positions on these commodity markets are not there "exclusively" to bring the down. That would be financial suicide for the US.
Greenspan needs to bring Interest Rates up. If he drove commodities down that would top IRs around 4-5%. How would it look if the US economy reached full recovery at 4-5%? We would go into deflation immediately and your precious commodities would go into the toilet. Take a lesson form Larry Livermore, to make a market you don't play one side of it. You short it to shake out weak hands and cover and buy to create a bottom. The commercials are leveraging the markets to keep them contained and to more price as they see fit.
Do you honestly think Fed manipulation would short Oil and Gold to a price that people would buy into in droves? How would they cover?
Look at Copper. Notice the cover calls on Copper by the commercials in the past 2 weeks. Tell me that they didn't keep the market down until they wanted it to move.
Measured pace. Remember that.
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