Sorry if this is dumb question If the Morgue are long 25% of the future market, wouldn't that mean they are supporting the price, or is there another side to the trade that I missed?
Way I see it, gov's over promise, corps over-take, players are corrupt as all truck, and there are just too many low value individuals who also only want to take take take, and crap over everything.
The planet can not support this level of selfishness, and our fragile systems of law and finance, Certainly can not.
So the difference between productive value and price paid is going to end up somewhere - probably in derivatives or hidden liabilities and 3rd world inflation.
Definitely in Food Energy and Commodities - precious metals? - really don't know, but for sure they will end up over-bought again at some point, and it ain't now.
MRP Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held