|
Iowa | No. I'm saying the market dangles carrots for speculators (which us hedgers need, by the way) and rewards them just often enough to keep them coming back, but the market eventually wins. No different than a casino. Just enough people win to keep the average person losing but coming back.
The commodity markets, at least, are a great way for buyers to price what they need to sell and the end users to price what they need to buy. And speculators can be helpful to both buyers and sellers during the price discovery process. That's why I'm "in" the markets for corn and hogs--I am a hedger and I appreciate the ability to be able to do so.
I'm just saying the AVERAGE speculator--some people are of course better than average--the AVERAGE speculator will end up losing trying to chase the dangled carrot. And it would seem to me those who have to clutter their head with farming (or any other job/career) won't be as successful of a speculator who has that as a profession--a person who spends all working hours speculating.
I hope all you guys strike it rich beyond your wildest dreams, I really do! But I know what the market does to MOST speculators, and those are not odds I'll touch.
| |
|
Silver drop
