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Current Macro Factors Driving Gold and Silver Prices (Continued from Prior Part) Why should you track ETF holdings
According to World Gold Council data, ETFs accounted for close to 9.2% of all the gold investment demand in 1Q15. Outflows from ETFs led to a ~28% fall in gold prices in 2013. That’s the equivalent of selling 881 tons of gold. For this reason, investors should track any sustained or significant buying or selling activities by these ETFs.
ETF gold holdings rise
Though ETF gold holdings have been on a decline for the whole of June, led by the SPDR Gold Trust (GLD), they’ve remained steady. As of June 25, total known gold holdings were 1,598.7 tons, down from 1,599.5 tons as of June 1. After declining to 1,584.9 tons in mid-June, holdings started picking up again.
ETF silver holdings rise handsomely
Total silver holdings increased by nearly 10 million ounces in June. That’s a 1.6% rise to 625.3 million ounces as of June 25. Silver is having the best month since August 2013 as far as ETF inflows are concerned. The iShares Silver Trust (SLV) is the largest silver ETF.
Implications for investors
Since ETFs are large holders of physical gold and silver, any positive developments with them are felt across the market. As a result, when ETFs increase their holdings, it’s usually positive for precious metal prices and stocks including New Gold (NGD), B2Gold (BTG), Hecla Mining (HL), and Silver Wheaton (SLW). It’s also positive for the Market Vectors Gold Miners ETF (GDX). Silver Wheaton accounts for 4.8% of GDX’s holdings.
In the next part of this series, we’ll look at the physical-bullion buying trends in the US market.
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VanEck Vectors Global Alternative Energy ETF
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PRODUCTEUR |
CODE : SLW.TO |
ISIN : CA8283361076 |
CUSIP : 828336107 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Silver Wheaton est une société basée au Canada. Silver Wheaton est productrice d'argent, de cuivre, d'or, de plomb, de silica et de zinc au Canada, au Mexique, au Perou, au Portugal, en Grece et en Suede, en développement de projets d'argent, de cuivre, d'or et de zinc au Canada et au Chili, et détient divers projets d'exploration au Portugal et en Argentine. Ses principaux projets en production sont ZINKGRUVAN en Suede, KENO HILL (BELLEKENO) et MINTO MINE au Canada, SAN MARTIN - LUISMIN, PEÑASQUITO, LUISMIN et G-9 CAMPO MORADO au Mexique, YAULIYACU au Perou, STRATONI en Grece et NEVES-CORVO au Portugal, ses principaux projets en développement sont PASCUA LAMA au Chili et KUTCHO CREEK au Canada et ses principaux projets en exploration sont PROMOTORIO DURANGO et MONTOROS au Mexique, ALJUSTREL au Portugal et LOMA DE LA PLATA (NAVIDAD) en Argentine. Silver Wheaton est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,4 milliards (992,0 millions US$, 902,8 millions €). La valeur de son action a atteint son plus bas niveau récent le 09 mars 2007 à 10,01 , et son plus haut niveau récent le 15 mai 2017 à 28,53 . Silver Wheaton possède 47 442 200 actions en circulation. |