Gold ETF Outflows vs Futures Strength Signal Contrarian Opportunity

Gold futures are holding the bid at $4,443.70 while the SPDR Gold Shares ETF (GLD) sold off 1.73% to $399.72, per Yahoo Finance. That divergence tells you something is breaking between the paper market and the physical metal. The futures market sees one thing, ETF investors see another, and when this kind of split happens, one side is usually wrong.

our gold coverage Key Takeaways GLD fell 1.73% to $399.72 while gold futures gained 0.11% to $4,443.70. Managed money net short positions hit 27,417 contracts, the most bearish in four months. Commercial traders remain net long 7,965 contracts, signaling physical market tightness. Historically, extreme net short positioning precedes sharp rallies…