Originally Posted by
NormalAbnormal
Short of absolute government price controls, adding liquidity and participants to a market does add price stability.
Herds move in one direction, then the other. Thrown in Goldman, or a couple sovereign wealth funds from oil producing nations, with very lax government controls, no accountability and poor visibility and prices do things like ...
Normabnorm, absent any other factors your view would be accurate, but allowing non consumers to speculate has only added to the cost of commodities at the consumer level.