Ann: General Security Agreement, page-219

Great stuff noob. It is dry for most and not easy to understand. But i'm glad you got your head around it and it's clear that the demand for the physical metal is very strong. unlike the last bull market in 09-12 driving my papaer demand from the managed funds.

Look at the volume that was settled below to smash the price down! It is more than DOUBLE-TRIPPLE the typical healthy volume of settlements

Mate, once again, the bullion banks smashing the price down. It definitely is no one else. Smashing the price down over $30 in less then 4 hours! Than smashing it other $20 later in less then 1hr!! The only other way this would happen is if a managed fund account liquidated $5 billion worth of contracts in one hit (which would be career and company ending).

Sadly, they can keep doing this for a very long time, so, i'm hoping that aslong as the physical demand remains strong and the holders of the long futures contracts don't sell, we are going the price range trading around these levels. It is a great price for the miners but won't excite the market.