From: Gene McAloon 

On Thu, 3 Jun 2004 11:21:51 -0400, "Mark"  wrote:

>My point is only that the commodity traders are part and parcel of the
>overall supply and demand equation.

That is precisely what they are not. They are totally at the mercy of
actual supply and demand and win or lose their bets on that basis.

To understand this stuff you have to think of it as being little different
from the stock market in which share prices often have little if any
connection with the true value of the companies whose shares are being
traded. It is a common amateur's mistake to suppose that share price at any
given time reflects the actual value of the company. Trading stocks and
futures is a system of betting in which it is possible to make money,
nothing more.

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