etpmag - etf - read the prospectus, page-5

I covered off on the key clauses here http://goldchat.blogspot.com/2008/12/warning-on-existing-au-and-new-ag-pt-pd.html

The Fitts paper is good, as well as this http://www.hindecapital.com/docs/hil_reports/Hinde%20Capital%20-%20Precious%20Metals%20ETF%20Alchemy%20Aug%2012%202010.pdf

but both of them got it wrong on leasing and encumbrances re the ETFs, see here http://goldchat.blogspot.com/2010/08/gld-leasing-and-encumbrances.html