Iron ore price, page-2291

I don't doubt this stuff goes on. Very observant. The book 'dark pools' clearly explains this type of market manipulation. It's normal hedge fund modus-operandi. We are most definitely getting played at times. Your signature says it all.

I don't know about futures and spot price correlation in detail, but spot prices are roughly correlated to futures simply because they are derived from the same underlying asset, much like options and stock relationships. Futures is supply and demand, just as spot prices, like the whole market.