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Houston,Tx | ...Further - perception includes deception....every thing is rigged in some fashion. Do the commercials want the weaker hands to match their strength or knowledge? nope - they perhaps want all other participants to have a different perception of reality than they do:)
determine the constants or absolutes. A Few come to mind - big 4-5 commercials always have the largest supply of capital available, large specs are 2nd in that category--and then demand of product is a relatively stable force which increases slowly over the years/decades.
supply of product and capitalization of producers are the biggest variables over time and ea season.
From the title post of thread, the veil of percieved supply may be lifting some - this is good. 2012 was a great example - the commercials were prepared/had been all winter and spring- some traders were. Then the large specs HAD to switch their positions and "presto" you have a force moving in a different direction with building inertia as Jun came to a close.
commercials prepare and specs (of all sizes) react (for the most part).
Edited by c-xr-1 9/1/2014 00:01
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You producers aren't going to want to read this.
