I found it interesting also that the price suppression began earlier in the day, however due to the fact that physical buyers were looking for opportunities to step in, the Crimex chose to wait until London closed. The first two moves down were met with sharp rebounds on the spot market, which I assume was due to bargain hunters looking for physical. The other interesting moment came at precisely 12 noon expiry of the April options the POG stopped falling.

I know I am repeating myself from a prvious message, however I am dumbfounded that the GS Paulson excuse is MSM and the options expiry is not mentioned by the repeaters.