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.