Message:

<p>[QUOTE=&quot;pmbug, post: 26427446, member: 36982&quot;]The paper markets (London OTC/spot + COMEX/futures) have been feasting upon the LBMA vault stock for years.&nbsp; That (free float) vault stock is largely gone now and it is an open question as to how much liquid free float is left there.</p><p><br /></p><p>Based upon what I&#039;m seeing with global vault flows and especially anomalies in SLV vault management and lease/borrow rates/availability, I think the LBMA is already running dry.&nbsp; Analysts like Daniel Ghali of TD Securities are now publicly talking about the LBMA free float just being 4 months run rate or so (I think they are being optimistic).</p><p><br /></p><p>Physical demand is *finally* starting to assert itself on the paper markets.&nbsp; $.02 FWIW.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in