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Commodity prices have been set on the exchanges in just a few places. Around 20 % of the market was made up with what are kind of called speculators. They were introduced in the nineteenth century to perform a very crucial function in the markets, and that's to provide liquidity. And since the sort of flood gates of speculation hiv opened, we've seen unprecedented volatility.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode