TV

Thomas Kiely
Steve O’Hare from First 4 Trading is looking to set shorts on the Gold Index as prices hover near a two-and-a-half-week low.
Article / 17 December 2012 at 9:52 GMT

ETP holdings update: Gold still attracting buyers, silver flat

Ole Hansen Ole Hansen
Head of Commodity Strategy / Saxo Bank
Denmark

Gold continues to attract buying interest from investors in exchange-traded products, despite the current lack of performance  brought about by end-of-year position adjustments and a stronger dollar. As of last Friday, the total known holdings in Gold ETPs rose to a new record of 2,630 tons (Bloomberg) and the holdings are up by 12.1 percent over the year to date. During 2012 so far, the price of gold has risen by 8.7 percent.

Leveraged investors through futures and options have been less keen in recent weeks, as the lack of clear buying signal or momentum have kept the net-long positioning near the lowest level since late August.

Weekly holdings of gold in Futures and ETPs

Silver holdings in ETP have seen little change in recent weeks, with investors continuing to hold near-record amounts. Through futures and options, leveraged investors have been scaling back their net-long exposure over the past three weeks, as the price has struggled.

Weekly holdings of silver in Futures and ETPs

 

 

Disclaimer

The Saxo Bank Group provides an execution-only service and all information provided on Tradingfloor.com is solely for general information. When trading through Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank Group will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of the Tradingfloor.com or as a result of the use of the Tradingfloor.com. Any information which could be construed as investment research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such should be considered as a marketing communication. Furthermore it is not subject to any prohibition on dealing ahead of the dissemination of investment research. Please read our disclaimers:
- Notification on Non-Independent Investment Research
- Full disclaimer

Show latest activity
Dismiss
Sorry, there was a problem communicating with the TradingFloor.com servers. We are working hard to solve this. Please try again later.
Oops! There was a problem communicating with the OpenAPI Portfolio service.
Oops! There was a problem communicating with the OpenAPI History service.
Oops! There was a problem communicating with the OpenAPI Reference service.
Oops! There was a problem communicating with the OpenAPI Root service.
Oops! There was a problem communicating with the OpenAPI Trading service.
Sorry, there was a problem communicating with the Financial Calender servers. We are working hard to solve this. Please try again later.
Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail