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<p>[QUOTE="medoraman, post: 1470911, member: 26302"]I never said ANYTHING about quality. I never said I asked CME officials how great their market is, how great it works, etc. My butcher analogy I simply said he would know where a cut of meat comes from, of course I would be leery of his opinion as to which is best knowing maybe he has two trailerloads of round steak he cannot sell. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Similarly, I would never blindly trust the CME to say their markets are perfect, but as to HOW it works, I think they are the most knowledgable people on that subject, far more than most internet opinion boards at least. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Btw, in case it matters, I do believe there can be a decoupling between the CME and physical price. It happens often enough especially near highs and lows. I am not claiming the CME is a great market to use for PM pricing, I am saying they don't care and their market is not designed to BE a physical market. Its all about financial hedging, and always will be. Physical buyers, don't like it? Don't use it. You are not a customer of the CME, so they don't care.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1470911, member: 26302"]I never said ANYTHING about quality. I never said I asked CME officials how great their market is, how great it works, etc. My butcher analogy I simply said he would know where a cut of meat comes from, of course I would be leery of his opinion as to which is best knowing maybe he has two trailerloads of round steak he cannot sell. :) Similarly, I would never blindly trust the CME to say their markets are perfect, but as to HOW it works, I think they are the most knowledgable people on that subject, far more than most internet opinion boards at least. ;) Btw, in case it matters, I do believe there can be a decoupling between the CME and physical price. It happens often enough especially near highs and lows. I am not claiming the CME is a great market to use for PM pricing, I am saying they don't care and their market is not designed to BE a physical market. Its all about financial hedging, and always will be. Physical buyers, don't like it? Don't use it. You are not a customer of the CME, so they don't care.[/QUOTE]
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