Ever wonder if speculators such as Wall Street traders and hedge funds ever affected the price of commodities? I mean, Goldman Sachs was even forecasting $200/barrel a few years ago. Well, the authorities did launch "investigations", largely done by academics who are paid consultants to financial firms, and concluded that hedge funds did not affect prices and were if anything, "good" for the market.
It doesn't seem to be so. Click Here. What we are seeing is deep rooted corruption that implicates even the CFTC, the regulator itself.
This story has been ignored by the major news agencies and appeared only briefly on Reuters.
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