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[QUOTE="Loneblade, post: 193607, member: 63145"] Strictly speaking Commercials for FX are only the Central Banks. Compare with Oil Producers and Refiners as being commercials for Oil; Farmers and big processed food manufacturers being commercial for Wheat, Soya Beans and other agricultural futures. For Gold it is Miners, Central Banks and Jewelery manufacturers. What these have in common is that they either produce the commodity or their business processes it into something which they then sell. Speculators on the other hand are trying to make money by anticipating whether the price will go higher or lower and are unwilling to take delivery. [/QUOTE]
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