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December 15, 2016

#Gold & #Silver #ETF holders continue to liquidate holdings - EURO/US$ ratio close to breakout on the downside

Total Global Gold ETFs were DOWN 35kozs Nov 13 to 58.856MozsThey are down 5.4Mozs since the US Election.  They are still up 11.866Mozs so far in 2016 …. Global Silver ETFs were DOWN 1.8Mozs Nov 13 to 654.8Mozs.  They are up 48.6 Mozs YTD.   


Source: Bloomberg

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