Speculation removes the real world supply and demand forces. It used to take a real shortage to raise the market price. Today just the possibility of a shortage is enough to change the market price of a commodity. This increase in market price is also the source of profits pocketed by those who gamble on commodity trading, and comes directly from consumer’s pockets and raises costs for the whole economy.
It is time to help the financial industry break its gambling habit with an intervention, stop speculative (gambling) trading of commodities. It is estimated that current rules limiting trading would cost $99 million to police the industry in its speculative trading on commodities. Stop All Speculative Trading in Commodities, and it won’t cost us the taxpayer near as much to regulate.