ziknik Posted July 9, 2009 Report Share Posted July 9, 2009 http://uk.reuters.com/article/idUKL9682650...dRealEstateNews FACTBOX-Precious metals holdings of exchange-traded funds LONDON, July 9 (Reuters) - Inflows into precious metals-backed exchange-traded funds slowed in the second quarter from record levels in the first three months of 2009, as signs the financial markets were stabilising knocked demand for the metal as a haven from risk. Holdings of the largest gold-backed ETF, the SPDR Gold Trust GLD declined slightly in the second quarter after climbing 44 percent in the first, while inflows into the largest European products, operated by ETF Securities in London and Zurich Cantonal Bank in Switzerland, slowed significantly. ETFs back each security issued with physical stocks of a given commodity, creating a product they say is free from counterparty risk. Following is a list of the main ETFs backed with precious metals in Europe and the United States, and their holdings. EDIT: click the link to see the holdings table. I can't paste it Link to comment Share on other sites More sharing options...
Pixel8r Posted July 9, 2009 Report Share Posted July 9, 2009 Very clear! 1,000oz...wow...plenty of fondling there. I think you will find he will be fondling paper! Link to comment Share on other sites More sharing options...
Pixel8r Posted July 9, 2009 Report Share Posted July 9, 2009 "The real goldfinger" on channel 5 UK now Link to comment Share on other sites More sharing options...
confounded Posted July 9, 2009 Report Share Posted July 9, 2009 1KG below £18K! I sold out at £21,625 (not saying this in an antagonistic way), where is this heading, I have a bad feeling they can't combat the deflation. Link to comment Share on other sites More sharing options...
HPCSucks Posted July 9, 2009 Report Share Posted July 9, 2009 "The real goldfinger" on channel 5 UK now Goldprick doesn't have the same ring about it. Link to comment Share on other sites More sharing options...
George Posted July 9, 2009 Report Share Posted July 9, 2009 Thanks G0ldfinger Link to comment Share on other sites More sharing options...
drbubb Posted July 10, 2009 Report Share Posted July 10, 2009 UPDATED - from the GS thread Some weeks to go to the next important low in Gold ? Static components: long term (ong) : short term (btb) /see Charts :: OilnGold : http://www.buythebottom.com/cot_charts/gold.html Target levels : targets: GCnp: -800, LSnp: +10,000 / see: chart Link to comment Share on other sites More sharing options...
romans holiday Posted July 10, 2009 Report Share Posted July 10, 2009 1KG below £18K! I sold out at £21,625 (not saying this in an antagonistic way), where is this heading, I have a bad feeling they can't combat the deflation. It depends on how much you trust the currency. My brother-in-law bought gold at NZ$2000 and then the price went down to $1500 not because gold fell but because the currency first fell against the dollar [$2000 gold] then came back again [$1500 gold]. It would not take much for the NZ dollar to fall again and gold priced in NZ dollars would again shoot through $2000. How much do you trust another "periphery" currency the pound? It is at the mercy of the fx market. It may be that only the US dollar and Yen will do well in this deflation and even then they may weaken at the end. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted July 10, 2009 Report Share Posted July 10, 2009 http://uk.reuters.com/article/idUKL9682650...dRealEstateNews EDIT: click the link to see the holdings table. I can't paste it Thanks very handy. NAME COMMODITY HOLDINGS (OZ) DATE ORIGIN SPDR Gold Trust GLD Gold 35,681,507 08/07/09 U.S. ZKB Physical Gold (ZGLD.S) Gold 4,712,900 03/07/09 Swiss Gold Bullion Securities (GBSx.L) Gold 4,312,488 08/07/09 UK ETF Securities Physical Gold (PHAU.L) Gold 2,893,654 08/07/09 UK COMEX Gold Trust IAU Gold 2,294,207 08/07/09 U.S. Julius Baer Gold Gold 1,723,375 08/07/09 Swiss iShares Silver Trust SLV Silver 280,510,677 08/07/09 U.S. ZKB Physical Silver (ZSIL.S) Silver 49,370,574 03/07/09 Swiss ETF Securities Physical Silver (PHAG.L) Silver 18,220,030 08/07/09 UK ETF Securities Physical Platinum (PHPT.L) Platinum 327,084 08/07/09 UK ZKB Physical Platinum (ZPLA.S) Platinum 176,537 03/07/09 Swiss ZKB Physical Palladium (ZPAL.S) Palladium 556,401 03/07/09 Swiss ETF Securities Physical Palladium (PHPD.L) Palladium 324,791 08/07/09 UK Link to comment Share on other sites More sharing options...
bitbigt Posted July 10, 2009 Report Share Posted July 10, 2009 UPDATED - from the GS thread Some weeks to go to the next important low in Gold ? Static components: long term (ong) : short term (btb) /see Charts :: OilnGold : http://www.buythebottom.com/cot_charts/gold.html Target levels : targets: GCnp: -800, LSnp: +10,000 / see: chart Yes ...I feel the floor upon which PoG is crawling is starting to crumble Link to comment Share on other sites More sharing options...
G0ldfinger Posted July 10, 2009 Author Report Share Posted July 10, 2009 Yes ...I feel the floor upon which PoG is crawling is starting to crumble I think it would be not exactly unexpected if gold (once more) would lead the chartists/TA-preachers ad absurdum. The only way of dealing with gold for me is from the fundamental side. Link to comment Share on other sites More sharing options...
bitbigt Posted July 10, 2009 Report Share Posted July 10, 2009 I think it would be not exactly unexpected if gold (once more) would lead the chartists/TA-preachers ad absurdum. The only way of dealing with gold for me is from the fundamental side. I share your conviction that gold will be a far higher price one day - because of fundamentals. But fundamentals do not drive markets, sentiment does. And how high will gold go, and what day will the peak be reached? ...and will we recognise that peak (and there will[\b] be an absolute peak) and sell our gold before the price falls again? Since I can't answer those questions, and since that day might be many, many years away, I'd rather move around the various investment classes until gold looks primed for its next leap up. By my judgement we're not yet at that stage. Of course, with your single-minded (and rather admirable) buy-and-hold approach you have zero risk of missing the take off, but equally you are certain to miss out on other opportunities in the meantime - and (with all respect) that could entail years of significantly profitable missed opportunities. Link to comment Share on other sites More sharing options...
warpig Posted July 10, 2009 Report Share Posted July 10, 2009 You might be right, but equally you might be wrong. I don't mean that in an antagonistic sense, but the difference between you and I is that you seem confident you will have the time to react to a rising market and get back in. Personally I think one day it's going to gap up and it will cost you more to get back in than you made sitting on the side line. Of course I might be wrong, but equally I might be right. I share your conviction that gold will be a far higher price one day - because of fundamentals. But fundamentals do not drive markets, sentiment does. And how high will gold go, and what day will the peak be reached? ...and will we recognise that peak (and there will[\b] be an absolute peak) and sell our gold before the price falls again? Since I can't answer those questions, and since that day might be many, many years away, I'd rather move around the various investment classes until gold looks primed for its next leap up. By my judgement we're not yet at that stage. Of course, with your single-minded (and rather admirable) buy-and-hold approach you have zero risk of missing the take off, but equally you are certain to miss out on other opportunities in the meantime - and (with all respect) that could entail years of significantly profitable missed opportunities. Link to comment Share on other sites More sharing options...
FWIW Posted July 10, 2009 Report Share Posted July 10, 2009 Not everyone here who buys gold intends to swap back for more paper... Link to comment Share on other sites More sharing options...
romans holiday Posted July 11, 2009 Report Share Posted July 11, 2009 The 900 floor looks pretty solid to me. There has been no quick near vertical decline for gold here. imo there are just too many investors lining up to buy gold and holding the price up. It is a QE world now and gold is a currency. Link to comment Share on other sites More sharing options...
FishingwithJesse Posted July 11, 2009 Report Share Posted July 11, 2009 Folks, It smells different! USD/JPN : $92.50 (Prices Reach The Highest Level Since Last October!) EUR/USD: $1.3940 ( NO $1.2500?) Link to comment Share on other sites More sharing options...
LauraB Posted July 11, 2009 Report Share Posted July 11, 2009 Did I really see this ticker on BV yesterday:- 'Gold down 2.5% but demand strong' Link to comment Share on other sites More sharing options...
Steve Netwriter Posted July 11, 2009 Report Share Posted July 11, 2009 Did I really see this ticker on BV yesterday:- 'Gold down 2.5% but demand strong' How else can they reduce the demand than by reducing the price? No wait, that's not right.... Link to comment Share on other sites More sharing options...
wren Posted July 11, 2009 Report Share Posted July 11, 2009 I've just been comparing the prices of different gold coins at coininvestdirect, and have noticed, as others have said before, that British sovereigns are among the cheapest per gramme of gold. I see though that Victoria sovereigns are now a lot more expensive than the others. Presumably they are more popular because of age? If gold does go up to something like USD 1600 or higher (which I think is quite likely in a couple of years time) it might be convenient to have smaller coins for selling small amounts. I generally avoid fractionals because of the extra premiums but sovereigns are not a bad price. The diverse French 20 franc coins are a bit more expensive per gramme than the sovereigns but not a massive difference. The Austrian 8 florin (same size as a 20 franc) is the cheapest of this size of coin. Are 20 franc coins very popular in the UK or elsewhere? I like the way that several countries had 20-franc coins with exactly the same amount of gold (France, Switzerland, Belgium, Italy and Austria for sure - any other countries?). Link to comment Share on other sites More sharing options...
Steve Netwriter Posted July 11, 2009 Report Share Posted July 11, 2009 Get your rotten tomatoes ready and then read this: Fool’s GOLD Part2 by Mike_Stathis http://www.marketoracle.co.uk/Article11954.html :blink: IMO there is sooooo much wrong with that. Link to comment Share on other sites More sharing options...
warpig Posted July 11, 2009 Report Share Posted July 11, 2009 The Market Oracle Is Under Going Urgent Maintenance I'll have to put them back in the fridge.... Get your rotten tomatoes ready and then read this: Fool's GOLD Part2 by Mike_Stathis http://www.marketoracle.co.uk/Article11954.html IMO there is sooooo much wrong with that. Link to comment Share on other sites More sharing options...
romans holiday Posted July 12, 2009 Report Share Posted July 12, 2009 opps. Link to comment Share on other sites More sharing options...
romans holiday Posted July 12, 2009 Report Share Posted July 12, 2009 Even if it did play out like that [which I think unlikely] you can reduce the risk involved by first having a reasonable position in bullion and only then using the volatility of the gold/silver ratio in order to increase your holding. I think there is a high likelihood that the ratio will become more volatile and the markets become more confused as they gyrate between inflation and deflation scares. Con-flation anyone? Link to comment Share on other sites More sharing options...
Steve Netwriter Posted July 12, 2009 Report Share Posted July 12, 2009 I'll have to put them back in the fridge.... Get them back out, it's back up I hope you have a good supply Link to comment Share on other sites More sharing options...
Steve Netwriter Posted July 12, 2009 Report Share Posted July 12, 2009 Link to comment Share on other sites More sharing options...
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