Gold Demand Trends Full Year 2016
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Key highlights
2016 was the second best year for ETFs on record
Global demand for gold-backed ETFs and similar products was 531.9t - the highest since 2009. Q4 saw outflows.
The gold price ended the year up 8%
Having risen 25% by the end of September, gold relinquished some of its gains in Q4 following Trump's conciliatory acceptance speech and the FOMC's interest rate rise.
2016 saw a 7-year low for jewellery demand
Rising prices for much of the year, regulatory and fiscal hurdles in India and China's softening economy were key reasons for weakness in the sector.
India's shock demonetisation policy brought the market to a virtual standstill
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The World Gold Council's detailed publication on gold demand and supply trends during 2016, analysed by sector and by region.
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Latest statistics on gold global supply and demand. View full year 2016 gold statistics.
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February 3, 2017
#Gold Demand Trends Full Year 2016 @GoldCouncil
February 1, 2017
#Gold - Total #ETF holdings increased in January; #Silver ETF holdings continue to decline
Long-only exchange-traded funds backed by precious metals have attracted about $200 million in January, on course for the first monthly inflow since October, data compiled by Bloomberg Intelligence showed. Almost $1.6 billion poured into the 10 precious-metals ETFs that have attracted the most money in January, with Frankfurt-listed Xetra-Gold ETF drawing in morethan any other commodity ETF.
Silver ETF holdings continue to decline (see attachment).
Source: Bloomberg
January 27, 2017
#GOLD - $GLD $DUST Correction may be on the way as #MACD turning
Attached is the gold chart on continuous futures contracts (attachment 1). As can be seen the MACD, which hasn't been as high since September 2016 is turning down. The Point&Figure chart (attachment 2) shows that the gold rally stopped exactly at the resistance level around US$ 1,210 per ounce.
Attachment 3 is the HUI (Gold Bugs Index), which reflects a portfolio of gold stocks. As per Gold Barometers, which we published on Monday, gold stocks were 100% overbought. Here also the MACD is turning down.
To protect your gold shares holding you might buy DUST (US$) 34.82 Direxion Daily Gold Miners Index (3X bear). This is a highly leveraged vehicle and extremely volatile. If the share price of gold stocks are going down, the price of DUST is rising. As attachment 4 reveals DUST reached a top in December 2016 at around US$ 70 per share and declined to around US$ 30 a few days ago as gold stock were rallying. The MACD is just about crossing the red line, a bullish sign for DUST.
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