Oh pleeeeeeease! Tell me you don't mean it.
speculators do the heavy lifting of price discovery and provision of liquidity. Without them, one or the other parties to a market transaction would be able to dominate prices at various times.
No speculators, no free market.
—Without them, one or the other parties to a market transaction would be able to dominate prices at various times.—
But isn’t that how the law of supply and demand works? And there is no need to be patronizing; not all of us have lived in Muslim countries, after all.