In agreement.
I will add point 3:
CME is 'going over to the other side'. they will soon become a participant at the SGE. they have put out a short video to that effect. I tried to post here but got an "incorrect file extension" notice. if someone a bit more tech savvy could get around this, it would be good to see the CME vid here.
Everything I have seen points to the triumph of the physical G & S market over paper in 2022.
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