Loading ...So in reality the COMEX is not a market place. Just a bunch of speculator/gamblers voting the prices up or down.
Naturally the few real physical users of COMEX market place (Miner and Jeweler) have to use COMEX to hedge or maintain a stable agreed upon price for themselves.
The other 90% gamblers are pretty much being used like a “shock absorber” between true real buyers and sellers.
@Futures Players, Did I get that right??