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<p>[QUOTE="medoraman, post: 1639852, member: 26302"]Just curious, what good does such hyperbole do without a context to place it in? How many of these were new contracts to replaced expired ones? How many were for physcially back trucks or silver? Is it impossible to think the contracts might ever get renewed? Why don't these places report how many contracts the "cartel" retire each month and take OFF the market?</p><p><br /></p><p>Maybe something is going on, but with a story talking about "cartels" and the like, and not placing such volumes into any kind of market specific context, I simply laugh iand ignore. </p><p><br /></p><p>Sorry, I know it ticks people off when I dismiss these things, but without a framework of REAL DATA, such off the cuff reporting of selected data is truly meaningless.</p><p><br /></p><p>Let me throw one at you. Let's say 5000 bushel of corn traded on the CME today. Is that good, bad, or indifferent? What about 40 loads of block cheese? How about 3 loads of butter? How about yada, yada, yada. Without knowing SPECIFICS on how a market woroks normally, what should we draw from this headline? What is provable/actionable?[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1639852, member: 26302"]Just curious, what good does such hyperbole do without a context to place it in? How many of these were new contracts to replaced expired ones? How many were for physcially back trucks or silver? Is it impossible to think the contracts might ever get renewed? Why don't these places report how many contracts the "cartel" retire each month and take OFF the market? Maybe something is going on, but with a story talking about "cartels" and the like, and not placing such volumes into any kind of market specific context, I simply laugh iand ignore. Sorry, I know it ticks people off when I dismiss these things, but without a framework of REAL DATA, such off the cuff reporting of selected data is truly meaningless. Let me throw one at you. Let's say 5000 bushel of corn traded on the CME today. Is that good, bad, or indifferent? What about 40 loads of block cheese? How about 3 loads of butter? How about yada, yada, yada. Without knowing SPECIFICS on how a market woroks normally, what should we draw from this headline? What is provable/actionable?[/QUOTE]
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