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Senior Contributor

Re: of bankers and pedestrian commodity longs.

""The only back stop would be seasonals. Which, if trusted, leads to horrific losses from time to time - which Pritch proved beyond a shadow of a doubt"".


1 no one was suggesting using options.

2 there are no horrific losses. If you hedge you hedge.

will in some yrs you r hedge price be below the avg price YES, of course! 

3 are you scaling, so taht aa crop damage scare send prices higher and you sell

some % more ? 


Alt, listen to a analysis taht onloy "sees" bullishness in everything even when it is bearish, and then  sell when? at the low? 


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