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Sask | What if people holding comex contracts sell them thinking the metal does not exist and instead buy a position on the Shanghai? What would prices look like?
This would be based on someone wanting access to a physical commodity when holding a contract, not just betting on which way the price goes and really have no desire to take possession of the commodity.
Which, I guess is an odd scenario. If our free, capitalist markets are based on supply and demand, yet there are parties interacting with no desire whatsoever to take possession of a commodity, then do we really have a supply /demand scenario or is it simply a game/casino to many of the players. | |
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