That's why the bankers will hold it at these levels ... at $30 nobody is buying big licks. Tanking the price doesn't bring a heap of supply to market because it ain't a straightforward process taking delivery of physical and holders of physical tend to have a bigger picture in mind. A decent price drop into the low 20s however would bring a whole bunch of buyers of physical to the table and the supply situation would look ugly.
While there is paper, futures markets are fair game for shorting without any fear of paper loss.
Been experiencing it in the grains complex for many years ... wheat always gets back to $200 a tonne.
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