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SPDR GOLD Holdings : Update and Charts


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LATEST SPDR GOLD HOLDINGS - and related Charts, Comments, Articles

Spot-mid : $1205.32 / GLD : $116.12 : > > (Date: 31 Dec. 2013)
Spot-mid : $1183.20 / GLD : $113.58 : > > (Date: 31 Dec. 2014)
Au/GLD Ratio : 10.417 - at 31.Dec.14 (was 10.380 at 12/31/13)
Ounces held : 22,795,559 / 709.02 tonnes : = 32,150 / was 25.66mn Oz.-11.17%
Gold Value ---- : $26.97 Billion (was $30.82 bn) - 12.49%
Shares outst.- : /$113.58 = 237.45 milllion : (was 265.4 mn)
: SLV :
Silver-mid: $ 15.60 / SLV : $15.29 = 1.020 (was 1.035 at 12/31/13)
Ounce held - : 329,564,167 silver oz. (was 320.18 mn : + 2.93%)
N.A.V. : $15.29 /$15.06 : disc. -1.57% (was -0.74%)
=======================================

Historical Gold prices- : http://www.kitco.com....londonfix.html
Institutional Holdings- : GLD / SLV : http://www.nasdaq.co...tional-holdings
SLV's Silver Holdings - : http://us.ishares.co...verview/SLV.htm

How much World Gold? http://www.numbersleuth.org/worlds-gold/
.
TRACKING GOLD : Near Month end

============================
Date- : GLD pr: Spot-Mid: Ratio : Tonnes: x32,150, FallinOz: US$-Value: Shs.OS/ Chg.GLD: Chg.OZ: Chg.Value
2012:
12/31: $162.02 : 1664.0 * : 10.270 : 1,351.0 : 43.44, - 0.00 Mn : $75.08 Bn : 463.4mn / ( changes below, vs. Year-End)
2013:
03/28: $154.47 : 1598.25 : 10.347 : Lon.PM
06/28: $119.11 : 1192.0K*: 10.008 : Lon.PM
07/05: $118.09 : 1223.10 : 10.357 : 0,962.0 : 30.93, - 1.79 mn**$37.49 Bn : 317.5mn / - 27.11% : - 28.80% : - 50.07%
08/02: $126.36 : 1313.40 : 10.394 : 0,918.6 : 29.54, - 1.39 mn : $38.65 Bn : 305.9mn / - 22.01% : - 32.00% : - 48.52%
08/30: $134.90 : 1394.8K* 10.340 : 0,921.0 : 29.61, +0.07 mn : $39.94 Bn : 3 === mn / - 16.74% : - 31.84% :
09/27: $127.96 : 1341.0K* 10.479 : 0,906.0 : 29.13, - 0.48 mn : $37.27 Bn : 3 === mn / - 21.02% : - 32.94% :
10/31: $127.74 : 1324.0K* 10.365 : 0,872.0 : 27.85, - 1.28 mn : $35.58 Bn : 3 === mn / - 21.16% : - 35.89% :
11/29: $120.70 : 1251.80 : 10.371 : 0,843.2 : 27.11, - 0.74 mn : $33.96 Bn : 281.4mn / - 25.50%: - 37.59% : - 54.77%
12/31: $116.12: 1205.32 : 10.380: 0,798.2 : 25.66, - 1.45 mn : $30.82 Bn : 265.4mn / - 28.33%: - 40.93% : - 58.95%
=================================== : mnOz
*K : Source is Kitco, London p.m. price

** : Average monthly fall in Gold oz. held by GLD: 1.8 mn oz ; 43.44 -30.93= 12.51 / 7 = 1.79 mn ounces (thru July'13)

 

GLD has shed 16.33 million ounces since year end.

That is a monthly rate of about 1.5 million oz. and is annualised at 17.8 million oz.

That's about 20.5% of estimated annual Gold production of 87 Million ounces.

Gold-Production-2013.jpg

======

* World : 2.700 tonnes : x 31.25k = 87 Million oz.
: China : 0,370 tonnes ; x 31.25k = 11.6 Mn. oz.
======

.
(TRACKING SILVER)
Date : SLVprice: N.A.V. : Pr/Disc : AG-mid: Tonnes : x 32,150 : US$-Value : %-inAG: SharesOS /Chg.SLV : Chg.OZ :
2012:
12/31 : $29.370 : $28.98 : +1.35% : $29.95 : 10,085. : 324.24mn : $9.707 Bn : 100.04 : 335.00mn / (Chg's vs YearEnd)
2013:
03/28 : $27.430 : $28.64 : Lon.PM :
06/28 : $18.970 : $18.86 : Lon.PM :
07/25 : $19.500 : $19.67 : - 0.86% : $19.50 : 10,428. : 335.27mn : $6.676 Bn : 96.461 : 347.45mn / - 26.99% : +3.40%
08/02 : $19.120 : $18.77 : +1.86% : $19.12 : 10,397. : 334.26mn : $6.505 Bn : 96.448 : 346.55mn / - 34.90% : +3.09%
============

t24_au_en_usoz_6.gif : t24_ag_en_usoz_2.gif
.
HISTORY - at Gold price Turning Points
Compare: LOW '08 : HIGH '11 : Yr.End '12 : Latest :
======= 10/23/'08 : 09/06/'11 : 12/31/'12 : 07/05/13 :
GLD ---- : $ 070.65 : $ 182.90* : $ 162.02 : $ 118.09 :
Gold pm : $ 712.50 : $1895.00 : $1664.00 : $1223.10
Ratio ---- : R10.085 : R-10.361 : R-10.270 : R-10.357 :
.
Oz Held- : 16,000K : 39,618 K : 43,435 K- : 30,929 K
%/86Mn. : ======= : ======= : 50.51 %- : 35.96 %- :
MT held : 0,500.0 t : 1,232.3 t : 1,351.0 t. : 0,962.0 t. :
%/175m : ======= : ======= : 0.773 pct : 0.550 pct :
.
chg.2013 : ======= : ======= : ======= : -28.79% :
PerMonth: ======= : ======= : ======= : -2.00mn :
Value---- : $ 12.00 B : $75.08 B : $72.20 B : $37.49 Bn :
chg.2013 : ======= : ======= : ======= : -48.07% :
=======
*intraday high was: $185.85 ; $1923.70; R-10.351
=======
11/12/08 : $70.00-cl., $69.77-L : $724.75 / $724.75-11/13
10/24/08 : $70.65-cl., $69.64-L : $712.50
======
At Year End 2012:
+ SPDR Gold held about 0.77% of the World's Official Gold
+ It would take 50.5% of One Year's production to duplicate the Holding

COMPARE SPDR with Official Gold Reserves

Holding Entity : Stated Oz : Tonnes Held : Listed As
European CB. : Eur 458 B : 10,285. tns. : Gold (including gold deposits and gold swapped)
US Treasury... : 261.5 Mn. : 8,133.5 tns. ; Gold (including gold deposits and, if appropriate, gold swapped)
I.M.F. ............. : 2,814.1 ts : 2,814.4 tns. : Gold
Bank of Japan : Yen 441B : 0,785.2 tns. : Gold
Switzerland .... : 1,040.1 ts : 1,040.1 tns. : Gold Holdings and claims from gold transactions
UK Govt ......... : 9.975 Mn. : 0,310.3 tns. : Gold (including gold swapped or on loan)
Top 6 Govts... : ======== : 23,349 tns. : In USD at $1,664 = $ 1.25 Trillion : per Eric Sprott, Sep. 2012
SPDR:
yr.End 2012 43.23mn. oz : 1,351.0 tns. : in USD at $1,664 = $ 75.1 Billion
yr.End 2013 25.66mn. oz : 0,798.2 tns. : in USD at $1,205 = $ 30.9 Billion
- - -
"Global Total : 175.K tons: 175,000 tn: in USD at $1,205 / $37,656 Mn per t. = $ 5.59 Trillion
Estimated /oz = 5.47million :
At 12/31/12 : SPDR Gold at 1,351 tonnes., or 0.772% of Estimated Global Total of $9.36 Trillion at $1,664
At 08/16/13 : SPDR Gold at 0,915 tonnes., or 0.523% of Estimated Global Total of $7.75 Trillion at $1,377
At 12/31/13 : SPDR Gold at 0,798 tonnes., or 0.456% of Estimated Global Total of $5.59 Trillion at $1,205
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CHARTS :
...
GLD - since its establishment in late 2004
===
GLD WEEKLY chart ... update // updated at 01/10/2014 //

n7c.gif

.
Turning Points- : -- GLD-- : %change : Gold-Lpm : -Ratio- : -- SPY-- : - Diff. - : -- CRB-- : Ratio :
==
S : 11/18/2004 : $ 044.38 : +Started : $ 0,442.00 : 09.959 :
0 : 05/31/2005 : $ 041.65 : - 06.15% : $ 0,414.45 : 09.950 :
1 : 05/11/2006 : $ 071.03 : +70.75% : $ 0,715.50 : 10.073 :
2 : 10/04/2006 : $ 056.37 : - 20.64% : $ 0,573.60 : 10.176 :
3 : 03/17/2008 : $ 099.17 : +75.93% : $ 1,011.25 : 10.197 :
4 : 10/24/2008 : $ 070.65 : - 28.76% : $ 0,712.50 : 10.085 :
5 : 09/06/2011 : $ 182.90 : +158.9% : $ 1,895.00 : 10.361 :
6 : 12/29/2011 : $ 150.34 : - 17.80% : $ 1,531.00 : 10.184 :
7 : 10/04/2012 : $ 173.61 : +15.48% : $ 1,791.75 : 10.321 :
8? 06/27/2013 : $ 115.94 : - 33.21% : $ 1,232.75 : 10.633 :
======
.
Latest HOLDINGS : To July ?? 2013 - ??
.
: gld-etf-volume-25-april-small.png
/source: http://www.silverdoc...ventory-exodus/
.
At the time of the Gold Price HIGH
.
: 6-28-12-ggr-1-spdr.png
/source: http://www.resourcei...als-etf-holders
.
At the time of the Gold Price LOW

: 6-28-12-ggr-2-spdr.png
/source: http://www.resourcei...als-etf-holders
.
. saupload_09_01_23c_gold_etfs.png : /source: http://seekingalpha....uarterly-report

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2012 numbers are here; http://en.wikipedia.org/wiki/Gold_reserve#Officially_reported_gold_holdings

 

The differences aren't huge but suggest that at least some of the major country holders have been selling a bit ... and China has been buying.

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SPDR Holdings are now falling about 2 million oz. per month... ... ... ... ...

On 7/6/2013 at 2:42 PM, DrBubb said:

WILL WE NEED to see THIS Again ?

For the GOLD LOW back in late 2008:

When GLD/Gold made its low, GLD's gold holdings had pushed up, and moved off the lows made back in Sep. 2008. Gold holdings were over 100 tonnes higher (and that's over 3 million oz. higher), and did not drop when Gold prices fell again into late Oct/ early Sept.

The question comes: WHO was selling then?

I suppose it was people who held futures, or physical gold holdings, and were forced to sell to cover Margin calls on their larger portfolios.

So far, in this latest Gold down move, I reckon that the SPDR Trust disgorging of about 2 million oz. per month has been a big factor in the Gold price slide. And I do not know who would be selling if not GLD. Physical selling by the miners is a big factor too, since they are producing over 6 million oz. per month. But that should be declining as mines shut down.

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Some History here - on the Number of GLD shares Outstanding

 

Latest is : July-9th : $37,911.33 Mn / $120.62 = 314.3 Mn shs

 

030713_triple-image.png

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Caesar Bryan: Gold Has Moved Into Stronger Hands - And Is Increasingly Moving to Asia

 

Fundamentals are better today than when gold was $1900

 

picture-419.jpg (You need to pay to hear this bit)

 

NEWSHOUR, GUEST EXPERT 12/Jul/2013

MP3fs-insider.png

This Financial Sense Newshour program is available only as a premium, paid "FS Insider" release.

 

Jim welcomes Caesar Bryan, long time Portfolio Manager at GAMCO Investors Inc. in New York. Caesar discusses the brutal market in gold and gold stocks, and notes the massive gold liquidation of global ETF’s, as 20 million ounces of gold have come out of gold ETF’s during this downturn. However, Caesar believes gold has moved into much stronger hands, many of which are in China, as the transfer of gold wealth from West to East continues to pick up speed. Caesar sees the fundamentals of the gold market today as better than when gold was $1900 oz. He also lists the catalysts for a recovery in the gold equities.

 

"20 million ounces of gold have come out of gold ETF’s during this downturn" ...

 

How much of a drop in GLD since 12/2012 ??

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On 7/14/2013 at 8:12 AM, DrBubb said:

"20 million ounces of gold have come out of gold ETF’s during this downturn" ...

How much of a drop in GLD Holdings since 12/2012 ??

 

How much of a drop in GLD Holdings since 12/2012 ??

Answer : 13.25 Million (43.44 - 30.19) / that's 66.3% of 20 mn.

Date------- : -GLD pr. : Spot-Mid : -Ratio- : Tonnes- : x 32,150 : US$-Value : Shares OS / Chg.Gld : Chg.OZ : Chg. Val.
2012: 12/31 : $162.02 : 1664.0 * : 10.270 : 1,351.0 : 43.44 MN : $75.08 Bn :
2013: 07/05 : $118.09 : 1223.10 : 10.357 : 0,962.0 : 30.93 mn : $37.49 Bn : 317.5mn / - 27.11% : - 28.80% : - 50.07%
2013: 07/12 : $124.24 : 1284.20 : 10.336 : 0,939.1 : 30.19 mn : $38.63 Bn : 310.9mn / - 23.32% : - 30.50% : - 48.55%

What is interesting here, is that the Gold price has bounced by $61.10, (+5.0%)

But the SPDR Gold holdings have continued to fall, by another 740,000 oz. (-2.4%)

GLD holders are not adding gold, so it must indeed be going to someplace such as those in the Far East.

And non-Western buyers are now strong enough to push the price higher, despite GLD shedding.

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Shanghai has become a very serious competitor very quickly

 

Shanghai Gold Volume Shock

 

Tuesday July 09, 2013 15:58

  • For decades, the American “paper gold” market (the COMEX) has been the primary market for determining the POYG (price of your gold).
     
  • Most analysts in the gold community believe that demand for physical gold will somehow overwhelm the COMEX, and “liberate” the POYG. They predict vastly higher prices are coming, when that happens.
     
  • I disagree. I believe paper gold markets will continue to be the primary price setting mechanism for gold, but Asian paper gold markets will be where most of the action is.
     
  • Like the COMEX, the Shanghai futures exchange (SHFE) is a paper gold market. Yesterday marked the beginning of extended trading hours (night trading) for the SHFE, and volume was superb.

  • The average trading volume during the day is about 90,000 contracts. The first night session saw more than 220,000 contracts change hands.
     
  • Slowly, Shanghai’s paper gold market should begin to rival the COMEX. That’s excellent news for bullish gold investors in the West!
     
  • Public investors in Asia are generally “pro-gold”, while Westerners are generally “pro-fiat”. Institutional paper gold investors in Asia are more reluctant to sell into price declines than their Western counterparts, and they can be eager buyers of size!
     
  • Also, when analysing the gold price, the market actions of Japanese investors should not be overlooked. “Assets held by Mitsubishi UFJ’s gold ETF reached 24.58 billion yen ($243 million) on July 5, compared with 25.86 billion yen at the end of last year, Hoshi said. About half of the assets are held by individual investors, with the rest owned by financial institutions, pension funds and corporations and foreigners, Hoshi said. Trading value in Mitsubishi UFJ Trust’s gold ETF on the Tokyo Stock Exchange amounted to 7.23 billion yen in May, becoming the most-traded commodity fund listed in Japan, according to data compiled by the bank.” –Bloomberg News, July 9, 2013.
     
  • The rise of Eastern paper gold markets will be a process, rather than a one-time event, so patience is required. Japan’s paper gold markets are still very small, but they are gaining popularity. The trend is definitely your friend.
     
  • SPDR Gold Trust, the world's largest gold ETF, said its holdings fell 1.56 percent to 946.96 tonnes on Monday - the lowest since February 2009.” –Reuters News, July 9, 2013.

  • ===
  • /more: http://www.kitco.com...lume-Shock.html

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GOLDEN PROMISES aren't worth the paper they are written on... apparently

 

On 7/18/2013 at 3:29 AM, G0ldfinger said:

Very interesting.

 

Seen in http://www.mauldinec.../ttmygh/what-if

 

un0o.png

Very good - I liked this part near the beginning:

The whole thing is as baffling as Kim Kardashian's fame.

But let's get back to that chart and those two lines — here it is and there they are.

pcz8.png

Source: Bloomberg

#1 : August 17, 2011:

The day that Hugo Chavez, then president of Venezuela, demanded the repatriation of the 99 tons of gold (worth $13 billion at the time) from the Bank of England

#2 : January 14, 2013:

The Bundesbank announced that it wanted its 300 tons of gold returned from the custody of the Federal Reserve Bank of New York

GOLD: Physical (and non-physical Gold receivables) - Both as "One line items":

=====

As balance-sheet line items go, the world's major central banks differ very little in how they Account for very different types of Gold:

+ Federal Reserve : "Gold (including gold deposits and, if appropriate, gold swapped)"

+ The Bank of England : "Gold (including gold swapped or on loan)"

+ The ECB opts for : "Gold (including gold deposits and gold swapped)"

+ And the SNB goes with: "Gold holdings and claims from gold transactions"

Is this also a coincidence?

do8j.png

EXCERPT:

"As you can clearly see, virtually from the day that Germany demanded to have its gold delivered back to the Bundesbank, three very clear phenomena have occurred:

1. The gold price, which had been trending sideways, has plummeted.

2. The physical gold held at the COMEX has been pouring out of the warehouses.

3. The amount of physical gold held by the ETFs has stopped rising and started falling. Fast.

Coincidence? I very much doubt it.

Wanna know what I think, folks?

I think the central banks have been leasing their gold out for decades to the bullion banks and now find themselves in the rather precarious position of needing to reclaim that which they are supposed to own before the shortfall is exposed. I think that creates a big problem for both sides of that little scheme.

I think the smash in paper was specifically designed to shake out loose holders — and it has worked to a degree, but only amongst the weaker holders of the ETFs, who tend to "rent" gold rather than own it. I think the stronger hands have been getting their gold out of the official warehouses as fast as they can; and central banks in places like China, Russia, and all over the rest of Asia and South America have been trying to buy and, crucially, to take delivery of physical gold while they still can."

=== UNQUOTE === / see: http://www.mauldinec.../ttmygh/what-if

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SHANGHAI Bullion Funds Launched - Raising "less than planned"

 

Mainland China has launched two new ETF's backed by Bullion :

 

+ Huaan Asset Mgmt : raised Rmb 1.20 billion = US$ 195 Million (US$400 mn planned)

+ Guotai Asset Mgmt : raised Rmb 410 million = US $ 67 Million (US$400 mn planned)

=======

 

Total of US$ 262 Million at $1,300 represents 201.5 k oz = 6.27 tonnes

 

That amount is 0.67% of the 932k tonnes Gold held by SPDR Gold at 7/19/2013

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SHANGHAI Bullion Funds Launched - Raising "less than planned"

 

Mainland China has launched two new ETF's backed by Bullion :

 

+ Huaan Asset Mgmt : raised Rmb 1.20 billion = US$ 195 Million (US$400 mn planned)

+ Guotai Asset Mgmt : raised Rmb 410 million = US $ 67 Million (US$400 mn planned)

=======

 

Total of US$ 262 Million at $1,300 represents 201.5 k oz = 6.27 tonnes

 

That amount is 0.67% of the 932k tonnes Gold held by SPDR Gold at 7/19/2013

 

Apparently, Chinese investors do not trust the ETF scam.

They want it, but not on paper.

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Apparently, Chinese investors do not trust the ETF scam.

They want it, but not on paper.

 

Maybe.

But that's not a bad start (though not up to the expectations of the marketeers.)

 

Perhaps it will become more popular when people become used to it.

Though some may fear the tax consequences of holding Gold through an etf.

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ECB balance sheet shrinks to 2.4 trillion euros

Economic Times-8 hours ago

 

FRANKFURT: The balance sheet of theEuropean Central Bank and the euro zone's 17 national central banks shrank by 4.374 billion euros ($5.77 billion) to 2.399 trillion in the week ending July 19.

 

However, "other assets" on the balance sheet fell by 3.317 billion euros. The ECB did not give a breakdown of these assets.

 

Gold holdings remained unchanged at 319.968 billion euros, the ECB said in its weekly consolidated financial statement on Tuesday.

. . .

ECB GOLD : 319.968 billion euros / 1.322 / 1,343.8 = 180.1 million oz.

 

ECB GOLD : 180.1 million oz.

Compare with:

SPDR Holdings, which has : 29.89 million oz. (929.76 t.), down from 43.44 million oz. at year-end

(the SPRD holdings keep falling, even as the Gold price rose in recent weeks)

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HEARD some interesting comments on the Liberty Gold podcast from yesterday

 

LIB-25-July : MP3 : http://mediaarchives.gsradio.net/liberty_gold/hr1072513.mp3

 

The podcaster, Mike McGill, said that the holdings behind SLV have risen for 3 weeks in a Row, as they continued to fall in GLD-SPRD.

 

I want to look into this more deeply.

 

(Here's backing for SPDR Gold):

 

Date------- : -GLD pr. : Spot-Mid : -Ratio- : Tonnes- : x 32,150 : US$-Value : SharesOS / Chg.GLD : Chg.OZ : Chg.Value

2012: 12/31 : $162.02 : 1664.0 * : 10.270 : 1,351.0 : 43.44 Mn : $75.08 Bn : 463.4mn / ( changes below, vs. Year-End)

2013: 07/05 : $118.09 : 1223.10 : 10.357 : 0,962.0 : 30.93 mn : $37.49 Bn : 317.5mn / - 27.11% : - 28.80% : - 50.07%

2013: 07/12 : $124.24 : 1284.20 : 10.336 : 0,939.1 : 30.19 mn : $38.63 Bn : 310.9mn / - 23.32% : - 30.50% : - 48.55%

2013: 07/25 : $128.67 : 1338.58 : 10.3XX : 0,927.4 : 29.82 mn : $39.52 Bn : 307.2mn / - 20.59% : - 31.36% : - 47.36%

 

(Here's backing for the iShares SLV Silver Trust):

 

Date------- : -SLV price : N.A.V. : Pr/Disc : AG-mid : Tonnes : x 32,150 : US$-Value : %-inAG : SharesOS / Chg.SLV : Chg.OZ :

2012: 12/31 : $29.370 : $28.98 : +1.35% : $29.95 : 10,085. : 324.24mn : $9.707 Bn : 100.04 : 335.00mn / (Chg's vs YearEnd)

2013: 03/28 : $27.430 :

2013: 06/30 : $18.970 :

2013: 07/25 : $19.500 : $19.67 : - 1.02% : $19.50 : 10,428. : 335.27mn : $6.676 Bn : 96.461 : 347.45mn / - 26.99% : +3.40%

===

/source: http://us.ishares.co...verview/SLV.htm.htm

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Paulson still the biggest Holder of GLD*

 

Billionaire John Paulson’s PFR Gold Fund tumbled 23 percent in June, extending this year’s loss to 65 percent. He owns the largest stake in the SPDR Gold Trust (GLD), the biggest exchange-traded product backed by bullion. Holdings in global ETPs retreated 25 percent this year to the lowest since May 2010, erasing $57.6 billion from the value of the assets.

 

Paulson & Co. has reiterated its commitment to investing in bullion and stocks of gold producers to hedge against currency debasement as central banks pump money into economies. Accelerating inflation is a risk and gold is an important part of any portfolio, Paulson said July 17 at the CNBC Institutional Investor Delivering Alpha Conference in New York.

 

$280 Million pulled out of Gold Funds in one week (mostly GLD ?)

 

Money managers withdrew $280 million from gold funds in the week ended July 24, according to Cameron Brandt, the director of research for Cambridge, Massachusetts-based EPFR Global, which tracks money flows. Outflows from commodity funds were $344 million, according to EPFR.

===

/more: http://www.bloomberg...ommodities.html

 

=== ===

* at 3/31/2013:

Paulson and Co. had 21.84 mn shs, at $128.5 worth : $2.81 Billion

(Next biggest holder, JPM, had about 10 Mn shares.)

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Date-- : -GLD pr. : Spot-Mid : Ratio : Tonnes : x 32,150 : US$-Value : SharesOS / Chg.GLD : Chg.OZ : Chg.Value

2012:

12/31 : $162.02 : 1664.0 * : 10.270 : 1,351.0 : 43.44 Mn : $75.08 Bn : 463.4mn / ( changes below, vs. Year-End)

2013

07/05 : $118.09 : 1223.10 : 10.357 : 0,962.0 : 30.93 mn : $37.49 Bn : 317.5mn / - 27.11% : - 28.80% : - 50.07%

07/12 : $124.24 : 1284.20 : 10.336 : 0,939.1 : 30.19 mn : $38.63 Bn : 310.9mn / - 23.32% : - 30.50% : - 48.55%

07/25 : $128.67 : 1338.58 : 10.403 : 0,927.4 : 29.82 mn : $39.52 Bn : 307.2mn / - 20.59% : - 31.36% : - 47.36%

08/02 : $126.36 : 1313.40 : 10.394 : 0,918.6 : 29.54 mn : $38.65 Bn : 305.9mn / - 22.01% : - 32.00% : - 48.52%

===========

/update: http://www.spdrgolds...istorical-data/

 

The week-by-week, month-by-month fall in SPDR Gold holdings has continued.

Meanwhile Silver holdings are UP slightly for the year.

 

. . .

(TRACKING SILVER)

 

Date- : SLV price : NAV. : Pr/Disc : AG-mid : Tonnes : x 32,150 : US$-Value : %-inAG: SharesOS /Chg.SLV : Chg.OZ :

2012:

12/31 : $29.370 : $28.98 : +1.35% : $29.95 : 10,085. : 324.24mn : $9.707 Bn : 100.04 : 335.00mn / (Chg's vs YearEnd)

2013:

07/25 : $19.500 : $19.67 : - 0.86% : $19.50 : 10,428. : 335.27mn : $6.676 Bn : 96.461 : 347.45mn / - 26.99% : +3.40%

08/02 : $19.120 : $18.77 : +1.86% : $19.12 : 10,397. : 334.26mn : $6.505 Bn : 96.448 : 346.55mn / - 34.90% : +3.09%

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  • 2 weeks later...

CHINA GRABS the Gold that SPRD is shedding ...

 

Rumors Of A Chinese Gold Standard Are Overblown: CPM's Christian And Jim Rickards - Kitco News, Aug 12 2013

. . .

Both Rickards and Christian agree that China is buying gold, the two differ on how the yellow metal is being used. According to IMF records, China’s central bank has 1,054 metric tons of gold but it has not updated its gold reserves since 2009.

 

Rickards said he thinks China has not updated its reserves because they continue to buy gold. He said China has a pattern announcing their reserves every six years, after the bank has reached its target.

 

“Prior to 2009 the last time they announced [their reserves] was in 2003, so this is nothing new,” he said. “If you extrapolate that tempo, what you would expect is their next announcement maybe late 2014 early 2015. I don’t know the number, but my first approximation would be between 4,000 5,000 [metric tons].”

. . .

Physical demand supports gold, even as exchange-traded fund net outflows continue, says Commerzbank. The physical demand is keeping prices supported and so far “appears able to compensate for the lower level of investment interest,” they say. Chinese demand for the first six months was 706.3 metric tons, versus 832.2 tons in 2012, Commerzbank says, citing data from the China Gold Association. “If China’s gold production of around 193 tons is factored into the equation, Chinese demand was met almost exclusively by net gold imports from Hong Kong, which amounted to 518 tons in the first six months of the year. Comparing this import pull with the outflows from gold ETFs, which totaled some 586 tons in the first half of the year, also portrays the situation very vividly. These figures are impressive evidence of the transfer from ‘weak’ to ‘strong hands’ and from the West to the East,” they say.

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I notice that the Gold Holdings of SPRD Trust have started Rising again in the lest few days.

But what has happened to all the Gold that has been shed? A trip to China perhaps?

 

Latest ; Tonnes 912.92 (I recall 911 tonnes a few days ago)

 

And that fact confirms this article from Kitco:

Market Nuggets: HSBC: Gold ETF Holdings Appear To Be Stabilizing

 

Thursday August 15, 2013 3:33 PM

Total holdings in gold exchange-traded funds appear to have stabilized lately, says HSBC. The bank cites Bloomberg data showing that the top 14 gold ETFs collectively held 62.7 million ounces as of Aug. 14, virtually unchanged from Aug. 7. "By our calculations, gold ETF liquidations have occurred in 30 out of the 32 weeks so far this year with an average weekly liquidation of 736,000oz," HSBC says. "Stabilization in gold ETF holdings may be a sign that investors are turning less pessimistic on the yellow metal. Furthermore, another indicator of investor's waning pessimism on gold is the short positions on the Comex, which have declined for four straight weeks. Short positions stood at 13.6moz at the end of 6 August, down from the all-time high of 17.9moz on 9 July. With that said, declining investor pessimism for gold may open up the possibility for short positions to continue to be covered, which in turn is positive for prices, in our view."

 

(2)

Market Nuggets: UBS: Gold Leaving Comex Vaults Likely Headed To Asia

 

Thursday August 15, 2013 8:00 AM

Comex gold inventories have fallen to their lowest level since 2005, with metal likely headed to Asia to meet demand there, but the data do not suggest a gold shortage, says UBS. The decline in inventories comes even though Comex net-long speculative positioning has fallen this year. Where is all this gold going? To answer with certainty is difficult, but we suspect a lot of it is probably moving to Asia, to China in particular,” UBS says. “Record premiums in China this year, and the fact that elevated levels have been sustained over a prolonged period, very likely encouraged the movement of metal from the West to the East.” However, the bank doubts the data suggest a gold shortage. “There is a lot of above-ground stock of gold. Any shortage or squeeze would likely be in the realm of perceptions concerning potential limitations in the ability of the supply chain,..." (yeah. right)

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COMPARE SPDR with Official Gold Reserves

Entity---------- : Oz Held : TonnesHeld : Listed As
European CB. : Eur 458 B : 10,285. tns. : Gold (including gold deposits and gold swapped)
US Treasury... : 261.5 Mn. : 8,133.5 tns. ; Gold (including gold deposits and, if appropriate, gold swapped)
I.M.F. ............ : 2,814.1 ts : 2,814.4 tns. : Gold
Bank of Japan : Yen 441B : 0,785.2 tns. : Gold
Switzerland ... : 1,040.1 ts : 1,040.1 tns. : Gold Holdings and claims from gold transactions
UK Govt......... : 9.975 Mn. : 0,310.3 tns. : Gold (including gold swapped or on loan)
Top 6 Govts... : ======== : 23,349 tns. : In USD at $1,664 = $ 1.25 Trillion : per Eric Sprott, Sep. 2012
SPDR Gold.... : 1,351.0 ts ; 1,351. tns : in USD at $1,664 = $ 75.1 Billion (at 12/2012)
- - -
Est. Global---- : 175.K tons : 175,000 tn. : in USD at $1,664 / $53,498 Mn per t. = $ 9.36 Trillion

 

vkn3.jpg
.
At 12/31/12 : SPDR Gold at 1,351 tonnes., or 0.772% of Estimated Global Total of $9.36 Trillion at $1,664
At 08/16/13 : SPDR Gold at 0,915 tonnes., or 0.523% of Estimated Global Total of $7.75 Trillion at $1,377

 

====================

World gold production was reported or estimated at:
==== : Tonnes : Pct.Tot'l : Ounces : Year end
2010 : 2,560 mt : 1.51% : 80.0 mn : $1410.25
2011 : 2,700 mt : 1.59% : 84.4 mn : $1574.50
2012 : 2,861 mt : 1.68% : 89.4 mn : $1664.00
2013 : 2,920 mt : 1.72% : 91.3 mn : $1201.50
2014 : 3,000 mt : 1.76% : 93.8 mn :
=============
Tot'l : Total Gold, assumed to be 170,000 mt
In 2013, China imported Gold equal to about 36.3% of production - plus: China is now the largest Gold producer, producing about 400 tonnes p.a. Obviously, the imported gold includes some gold produced in prior years as well.
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  • 2 weeks later...

SPRD Gold Holdings are on the rise again, as demand for GLD shares grows ... ... ...

The $1,384 level is an important technical support point near term, which needs to hold to confirm Friday's upside breakout. From August 16-August 22, Dec Comex gold futures "coiled" within a narrow range between $1,384.10 and $1,351.60. As long as support at $1,384 holds, a minor measured move from the coiling action targets gains to $1,416.60 near term.

 

The recent rally move has attracted some ETF investors back into gold. "ETP holdings recorded their largest daily inflow since 1 January 2013 on Friday at 5.8 tonnes, with SPDR (GLD) rising by 6.6 tonnes," wrote Barclay's analysts in a research note.

 

Additionally, "The latest CFTC data showed net non-commercial positions in Comex gold rose by 6.5k lots driven in part by continued short covering activity (3.6k lots), as well as the establishment of fresh longs. Gross short positions are now at their lowest since April, suggesting the scope for further aggressive short covering may slow.

.

Date------ : SPDR Gold at

12/31/12 : 1,351 tonnes., or 0.772% of Est. Global Total of $9.36 Trillion at $1,664

08/02/13 : 918.6- t.

08/16/13 : 915.32 tonnes., or 0.523% of Est. Global Total of $7.75 Trillion at $1,377

08/23/13 : 920.13 tonnes

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At last, after much prompting from many people (including me), one of the alternative websites,

is trying to come to grips with HOW MUCH GOLD is on the planet. (*I have been using 175,000 mt):

 

How much Gold has ever been produced (mined)?

 

It may or may not surprise you to know that there is no unanimous agreement as to exactly how much gold has been produced, nor is still in existence and “owned” across planet Earth.

 

We know that official (public) gold reserves account for some 30,000 metric tonnes of Gold, the single largest gold deposit facility being the Federal Reserve of New York with around 5,000 in official (public) gold reserves.

 

Then there are private gold reserves, not declared and included in total estimates. The internationally recognized Barclays Bank estimate around 24,000 to 26,000 metric tonnes are stored in secure private facilities and that around 80% of all the gold ever mined is in bullion (bar ingot) form. They therefore estimate the total Gold mined to be only 70,000 tonnes.

 

However the internationally recognized US Geological Survey Department as well as historical mining publications put total global gold production from 1900 to 2006 at 128,075 metric tonnes which is over 58,000 higher from the last century alone than the total claimed by Barclays as being all the gold ever mined!

 

Contrary to the banking sector which seems to substantially low ball estimates, the mining industry claims the total gold produced is closer to around 140,000 to 150,000 metric tonnes.

 

However, if we take into account both accurate production measures and historical data, then from 1600 to the present day, over 150,000 tonnes of gold have been produced, which means even the seemingly “high” figure of 150,000 tonnes is still too conservative.

 

For example, over 3,000 tonnes of Gold was stripped from the American civilizations by the Spanish between 1492 and 1600, estimated to be around 40% of total global production during the period. Between 1600 and 1800, the Jesuit controlled massive slave mines of Colombia and Brazil are estimated to have produced three times the Gold stolen during the American civilization genocides.

 

The most accurate estimate, taking into account all records, all historical references and the history of mining techniques and mining areas is that around 200,143 metric tonnes is closer to the figure of all gold every mined/produced.

 

Gold Mined and When...

 

Years..... Production : Total : -- %

=======

pre 0 A.D.- : 25,000 : 25,000 : 12.50%

..000-. 400 :- 8,597 : 33,597 : 4.30%

..401-1490 :- 8,129 : 41,726 : 4.10%

1491-1600 :- 6,513 : 48,239 : 3.30%

1600-1800 : 12,312 : 60,551 : 6.20%

1800-1900 : 11,517 : 72,068 : 5.80%

1900-2006 : 128,075 200,143 64.0%

========

Through History ------ 200,413 : 100.%

 

General demand and use of Gold today

 

Average total global gold production over the last ten years currently stands around 2,300 to 2,500 metric tonnes per annum. Currently, the three largest gold producers in the world are South Africa (24%), Australia (16%) and Canada (8%).

 

In terms of average total global demand, global demand has been running around 3,800 to 4,000 metric tonnes per annum of which 81% is used for jewelry, 10% for industrial and 9% as bullion (retail investment).

 

This higher consumption of gold compared to production has led some analysts to believe that the price of gold is set to continue to rise even further in coming years.

 

Why the discrepancy?

 

It is hard to reconcile why such massive and obvious discrepancies exist to deliberately down play the total size of the total amount of gold from 200,000+ tonnes to less than 70,000 tonnes.

One obvious reason is the maintenance of high gold prices. So long as production is less than demand and so long as the markets maintain a perception of limited reserves, traders and owners of gold can demand phenomenal prices.

 

A second and more difficult reason may be the existence of owners of large stores of gold, who are in such a strong financial position that they are willing to hold onto massive private gold reserves away from any accounting, for strategic, political and financial advantage.

 

The Russians, for example are believed to hold many tonnes of gold in private reserves, which is impossible to verify. However, when we look at official estimates, we are talking about a potential discrepancy in gold estimates of over 50,000 metric tonnes (almost $1,000 Billion) simply missing and unaccounted.

 

===

/ more: http://americankabuk...r-value-vs.html

 

To get to 200,000 mts, the article "plugs in" 25,000 tonnes production for before 0 A.D.

 

How accurate is this? I think it is only a guess.

 

We have perhaps 1 ounce per person on the planet now.

 

The article estimates 25,000 mt at Zero AD, that is x.x Million ounces (at x 31,xxx).

I wonder how that compares with the population of the day. Were people more rich at that time than today?

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  • 3 weeks later...

For the RECORD here ;

 

Gold up, but gold ETF falls — what gives?

 

September 16, 2013

 

While
gold prices climbed Monday
on the belief that a
Larry Summers–free Fed is a more dovish Fed
, the biggest gold ETF lost ground. What gives?

 

Well, the
SPDR Gold Trust
GLD
doesn’t track gold futures on the Comex
division of the
New York Mercantile Exchange
.
GLD tracks the price of gold in London
, where the precious metal dropped.

MW-BH603_obama__MC_20130829130908.jpg

Getty Images Obama and Summers in 2008.

 

For traders in London, the U.S.-Russian deal on Syria — viewed as
diminishing haven demand
— outweighed the Summers news. GLD was last down 1.1%.

In other Summers-related action, an ETF that provides a way to bet against the dollar touched its highest level in about four weeks Monday. The PowerShares DB US Dollar Index Bearish ETF
UDN
was last up 0.2% to $26.69. Earlier Monday, it climbed as high as $26.76, its best level since Aug. 20. While the
dollar dropped Monday
, longer-term
expectations are for the greenback to advance
against its rivals as the Fed gradually winds down its easy-money policies.

–Victor Reklaitis

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  • 1 month later...

WHAT GLD is Losing, may be getting picked up by China

 

Comment by kuuleimomi on October 25, 2013 @ 11:56 am
FOREIGNERS DUMPING USTREASURY BONDS

Foreigners sold more US$-based securities in June than after the Lehman Brothers bankruptcy. The USFed must lap up what is dumped.

The USFed must accelerate the QE bond monetization program, not reduce it.

COMEX VACANT GOLD VAULT
The COMEX registered gold continues to plummet, down to 665k oz gold in a recent snapshot. Members must distrust JPMorguen deeply. They are either removing their eligible gold, or refusing to put it among the registered stock. Pressures for a default are rising every month without respite.

Refer to the COMEX Registered Warehouse gold in their official vaults.

Further investigation reveals JPMorguen taking gold from Scotia Mocatta under certain hidden threat, as well as from HSBC and other big banks.

CHINA GOLD IMPORT VIA HONG KONG
China imported an impressive 116.4 tons of gold in July. The exponential rise continues unabated in 2013.
China is the Asian juggernaut on gold demand, and the primary engine for demand in the entire world. Their demand approaches half of global mining output.

===

> http://benjaminfulford.net/2013/10/22/like-a-junkie-selling-family-heirlooms-the-us-corporate-government-buys-time/#comment-242921

 

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