Endgame for commodity boom

Sanjeeb Mukherjee, Sandip Das
Posted: Monday, Aug 18, 2008 at 0217 hrs IST
Updated: Monday, Aug 18, 2008 at 0217 hrs IST

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Consumers pay price of futures trading ban

New Delhi, Aug 17: increased their margins on silver, which meant additional fund requirement for the traders, but such short duration ahead of another holiday led to liquidation of long positions in gold as well. Usually, on a Saturday, traders in commodities bourse are required to make their margin payments. The pressures could multiply on Monday and in other commodities as the downturn will now continue....

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» Commodity

Posted by Shyam.P.Kunte on 2008-08-18 09:15:09.79513+05:30
The speculators should be driven out from commodity exchanges to stop the artificial price movements and the exchange should be reserved only for actual end users with a fee for cancellations if any and not allowed to book profits.The Share market like trading with futures will only breed speculation and push up all prices and pose big threat to any Economy.MCX is nothing but a legalised gambling Den.May God save our Nation from these FII mercinaries.JaiHind

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