In this world of monetary insanity, defenders of central bank constant easing try every day to convince you that inflation is caused by numerous factors, not by currency printing.
Traders cannot influence the marginal price of a commodity for long if the fundamentals, inflation, and money reality are not there.
There are numerous reports from the CFTC proving that investing does not impact commodity prices.
Why is CPI inflation twice as high in the euro area and the US relative to those Asian countries? Much higher broad money growth in 2020-21.
According to Deutsche Bank, these were rising up to five times faster than the CPI. There was high inflation in the things that we consume every day even in the days when some said there was "No inflation."
Now the increase in broad money has translated to an explosion in all prices, energy-related or not.
More units of currency are going to scarce assets as investors look for protection against inflation.
https://mises.org/wire/commodities-do-not-cause-inflation-money-printing-does
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