Mxsmanic wrote:
Robert M. Gary writes:

Its wonderful to hear the opinion of people who have no idea how
economics and market financing works. Futures are key to the financial
stability of the industry. If you can't sell futures you don't know
what price you are guaranteed and you can't finance anything. Futures
contracts are somethin you can take to the bank.

Futures, like virtually all speculation based on worthless paper, are a form
of legalized gambling.

Add futures to the list of things MX knows nothing about.

Far from being "worthless paper", a futures contract is a binding
contract to take delivery of a real product at a specified price.

A point that a few naive "investors" have overlooked when they got
the call asking where they wanted their pork bellies delivered.


--
Jim Pennino

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