I'm away from my computer for the next 3 days so I can't post links easily. It was Jeffery CHristian of CPM who debated GATA extensively about the physical supply, manipulation and the fractional reserve aspects of trading on the LBMA.He vowed never to do it again in disgust.Christian did appear to admit at the public CFTC hearings that trading gold and silver on a fractional reserve basis is common place and shouldn't be viewed as unusual in anyway.