Message:

<p>[QUOTE=&quot;Leadfoot, post: 441698, member: 2972&quot;]NYMEX/COMEX &quot;spot&quot; prices, I would argue, are really a futures price.&nbsp; As I understand them it tracks contracts on future delivery, and it most certainly bears little resemblance to the on-the-street value of these commodities recently.&nbsp; </p><p><br /></p><p>The divergence between &quot;spot&quot; and &quot;street&quot; prices must be caused by something -- and I think it is a combination of the (negative) value of futures paper and the fact that physical demand is far in excess of physical inventories at these prices and at this time.</p><p><br /></p><p>Respectfully...Mike[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in