speculator

An Australian consortium of mining firms RareX and Iluka Resources announced a bid this year to mine rare earths on the site, and locals say land speculators are flocking to the area.

A bubble happens when speculators push prices foolishly higher than justified by the cash flow.

“It’s just going to facilitate a greater redistribution of wealth from retail speculators to proprietary traders.”

It was not just Chinese holidaymakers and property speculators heading there, but also gamblers - gambling is illegal in China.

That report details the long and short positions of hedgers and speculators in a variety of futures markets.