Message:

<p>[QUOTE=&quot;InfleXion, post: 1569459, member: 29012&quot;]The reason dealer inventories can deplete is because they are hedging. They balance their physical position with a short and make money strictly on the spread so you can&#039;t really infer anything from low inventories except that more non-dealers (people whose method of income doesn&#039;t depend upon it) are buying than selling.[/QUOTE]</p><p><br /></p>

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