COMEX/GLD/ETF physical-flow extremes persist with outflows, dealer prem panic
Key Questions
What are the current COMEX physical flows for silver?
COMEX silver at 76Moz with fast drain, 44M March deliveries, and 7.48x leverage. Gold deliveries at 8.4M oz.
How significant are GLD and IAU outflows?
GLD/IAU saw $12B outflows due to profit-taking after gold's rally amid Iran war. Monthly outflows were massive.
What indicates physical market tightness?
PSLV discount, coin shop premiums exploding, China 12% premiums, and dealer panic in Vizsla/Turkey. Basis remains tight pre-Monday.
Why are ETF outflows persisting?
Outflows follow gold's price rally amid geopolitical tensions like US-Iran-Israel conflict. Physical extremes continue with fragility.
What extremes are seen in gold flows?
Citigroup's London vault partnerships highlight logistics strains. Rally/crash debates intensify open interest.
COMEX silver76Moz drain/44M Mar del/7.48x lev/GLD/IAU $12B outflows/gold del8.4M; PSLV disc/coin shop prem explode/China prem12%; basis tight pre-Monday; Citi new London vault scales flows.