John Rubino - Are Speculators the Dumbest People on the Planet? #4322

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A listener question triggers an interesting debate about the Commitment of Traders (COT) Report. How can the so-called Speculators keep on losing every month? How do the Commercial Traders always get it right? And who in their right mind is coming back month after month only to lose bigly? John believes that there's a constant supply of new Speculators. But are they really so rich and so dumb to keep this market going? Or maybe there's something else at work here. We're going to invite Craig Hemke to discuss this soon.

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