Ann: General Security Agreement, page-160

Hi Corgi,

When you wrote:

"managed funds probably see upside in this and should only keep increasing their long positions as bullion banks at some point will need to close our their shorts."

could you tell us a bit more about what actually triggers their need to close the short? as I understand it, they probably would need to do it by date of delivery? is there anything stopping them from increasing their dumping of naked shorts even further?