Speculators & interests n the financial industry (professional traders), are not taking ownership of "units" they purchase electronically. As such they sell to each other & buy it back, thereby bidding up the price. These are not common traders, these r large institutional traders with billions of dollars at work.
I am ashamed news anchors & big influences in media, do not ferret this issue out & ask when did such speculation become legal again; it was disbanded following the Enron scandal.
Speculators & interests n the financial industry (professional traders), are not taking ownership of "units" they purchase electronically. As such they sell to each other & buy it back, thereby bidding up the price. These are not common traders, these r large institutional traders with billions of dollars at work.
I am ashamed news anchors & big influences in media, do not ferret this issue out & ask when did such speculation become legal again; it was disbanded following the Enron scandal.
s3tt4h 3 years ago