On Jun 28, 9:40*am, 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.

Of course that it totally false. If you don't sell the future when it
comes due you'll find your yard full of oil barrels. Now your broker
may help ensure that doesn't happen but you are getting a real, legal
contract to purchase commodities. Its like signing an agreement to
purchase a house. 30 days later after the escrow closes you can't walk
away and say "oh, it was just paper". A contract is tangible.

-Robert