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<p>[QUOTE="medoraman, post: 1582372, member: 26302"]Maybe I am just dense. I sell a commodity today on the CME. I get the value of today's price. Before "delivery" I buy the commodity on the CME, thereby cancelling my sale. I do not EVER physically deliver the product. as a matter of fact, for the commodity I deal with, NO ONE EVER delivers the commodity. EVER. But, I am able to hedge my sales price with the market.</p><p><br /></p><p>How am I any different than a silver producer using the silver market to hedge his sales price?</p><p><br /></p><p>Btw, I have told the board my experience with these markets. What is yours Fatima? What makes you a self declared internet expert? Please explain to the good people here why YOU are the one to listen to, not anyone with REAL experience. I only have tens of millions of my company's profits at stake, I am sure Fatima has much larger at stakes in these market, right?</p><p><br /></p><p>Btw, sorry, I guess talking about my own experience in these is a "personal anecdote", right? It shouldn't be allowed, in fact it should be mocked.</p><p><br /></p><p>Edit: I apologize to the board, I will not post further here. The condecension in certain posts just gets under my nerves.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1582372, member: 26302"]Maybe I am just dense. I sell a commodity today on the CME. I get the value of today's price. Before "delivery" I buy the commodity on the CME, thereby cancelling my sale. I do not EVER physically deliver the product. as a matter of fact, for the commodity I deal with, NO ONE EVER delivers the commodity. EVER. But, I am able to hedge my sales price with the market. How am I any different than a silver producer using the silver market to hedge his sales price? Btw, I have told the board my experience with these markets. What is yours Fatima? What makes you a self declared internet expert? Please explain to the good people here why YOU are the one to listen to, not anyone with REAL experience. I only have tens of millions of my company's profits at stake, I am sure Fatima has much larger at stakes in these market, right? Btw, sorry, I guess talking about my own experience in these is a "personal anecdote", right? It shouldn't be allowed, in fact it should be mocked. Edit: I apologize to the board, I will not post further here. The condecension in certain posts just gets under my nerves.[/QUOTE]
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