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<p>[QUOTE=&quot;medoraman, post: 1457564, member: 26302&quot;]My main reply sir would be that leverage cuts both ways, and leverage has been used forever on the buy side as well. To be fair, if you wish to remove leverage on the sell side, are you advocating eliminating margin purchases as well? If not, I believe you are basically creating an unbalanced market. </p><p><br /></p><p>In my view both sides employ margin, and its simply wrong to eliminate one sides margin without removing the other, for risk of an unstable market. Remove both sides leverage, and we are back to an old fashioned, ultra low volume market where 1% of the commodity dictates price for the other 99% of sales. Trust me, I participate in one of these markets every day, they are so easily manipulatable its not even funny.</p><p><br /></p><p>Btw, I am going to a conference at the CME in Chicago in a couple of weeks. I plan on trying to corner a couple of the guys and buy them a beer and discuss PM markets if I am able.&nbsp; If someone has a question they want asked, let me know.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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