By Dave Nadig
The Commodity Futures Trading Commission ((CFTC)) case against oil speculators isn't a slam dunk, and isn't as simple as the media would have you believe.
Fundamentally, investments in commodities futures are bets on the future of the commodity's price. Every once in a while, somebody gets the bright idea to make it less of a guess and try and push a commodity's price around while making corresponding investments in futures. Often ? as in the case of the notorious "Mr. Copper"; the Hunt brothers' attempt to corner silver; and Malaysia's move to corner tin ? the attempt ends in large losses. Even when it looks like someone has beaten the system, they then have to also escape government investigations and intervention.
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