Quote from stock777:
If there was no futures market for the scammers to pike oil and gold, they would never get to these levels you #$%#$.
The excuse the thieves use is 'well thats the market price' when they rip you a new one.
Giant game, and they obviously have many of you fooled.
What nonsense. In the futures markets there has to be someone on the short side of every long contract and the shorts help keep prices in line. In a pure cash market there is no practical way to short so prices can reach even higher peak levels than in a futures market. The lack of an active futures market in steel hasn't stopped steel prices from going through the roof.