Gold-ETFs: Stärkste Zuflüsse seit dem Höhepunkt der Eurokrise

Das Großkapital kehrt weiter an den Goldmarkt zurück. Vor allem auf der Investment-Seite zieht die Nachfrage seit Jahresanfang massiv an. Die größten Gold-ETFs erhalten signifikante Zuflüsse..

Nach dem BrExit: Globale Bestände der Gold-Investments springen um 3,4 Mrd. USD auf höchsten Stand seit 2013

Die Anleger weltweit kehren im großen Stil in den Goldmarkt zurück. Hier sehen Sie die Entwicklung der globalen Bestände der Gold-Investments..

Quelle: bloomberg.com

Gold: Reserven von Russland erklimmen neues Allzeithoch

Die russische Zentralbank bleibt beim gelben Metall auf der Käuferseite aktiv. Seit etlichen Jahren baut Russland wie bspw. China seine physischen Gold-Reserven kontinuierlich aus, welche jetzt einen neuen Allzeithochstand erreichen:

Quelle: goldchartsrus.com

Gold: Holdings im GLD-ETF erreichen höchsten Stand seit 2013

Seit dem 1. Quartal 2016 zieht die Investment-Nachfrage im Goldsektor wieder kräftig an. Die Zuflüsse im wichtigen GLD-ETF sind signifikant..

Quelle: bloomberg.com

Gold: Bestes Quartal seit 1986

Das beste Quartal für den Goldpreis seit 30 Jahren lässt aufhorchen:

Quelle: bloomberg.com

Gold markiert neues 13-Monatshoch

Zum ersten Mal in den letzten Jahren steigt der Goldpreis um 20% von seinen Verlaufstiefständen an..

Quelle: zerohedge.com

Gold: Kanada verkauft alle Reserven

Nicht wirklich ein smarter Move..

It's Official: Canada Has Sold All Of Its Gold Reserves

Submitted by Tyler Durden on 03/03/2016 09:04 -0500

One month ago, when looking at the latest Canadian official international reserves, we noticed something strange: Canada had sold nearly half of its gold reserves in one month. According to the February data, total Canadian gold reserves stood at 1.7 tonnes. That was just 0.1 per cent of the country’s total reserves, which also include foreign currency deposits and bonds.  

As we noted, the decision to sell came from Finance Minister Bill Morneau’s office. 

“Canada’s gold reserves belong to the Government of Canada, and are held under the name of the Minister of Finance,” explained a spokesperson for the Bank of Canada on Wednesday. “Decisions relative to gold holdings are taken by the Minister of Finance.”

Reached by Global News on Wednesday evening, a spokesperson for the finance department said the sale “was done in the normal course of business for the government. The decision to sell the gold was not tied to a specific gold price, and sales are being conducted over a long period and in a controlled manner.” 

This latest sell-off is indeed part of a much longer-term pattern of moving away from gold as a government-held asset. According to economist Ian Lee of the Sprott School of Business at Carleton University, Ottawa has no real reason to keep its gold reserves other than adhering to tradition.

"Under the old system, (gold) backed up currencies,” Lee explained. “The U.S. dollar was tied to gold. One ounce was worth US$35. Then in 1971, for lots of reasons I won’t get into, Richard Nixon took the United States off the gold standard.” 

Gold and dollars were interchangeable until that point, he said, but in the modern financial world, the metal is no longer considered a form of currency.  “It is a precious metal, like silver … they can be sold like any asset.”

The amount of gold the Canadian government holds has therefore been falling steadily since the mid-1960s, when over 1,000 tonnes were kept tucked away. Half of those reserves were sold by 1985, and then almost all the rest were sold through the 1990s up to 2002.

By last year, Canada’s reserves were down to just three tonnes, and the latest sales have now halved that. At the current market rate, the value of 1.7 tonnes of gold comes in at just under CAD$100 million, barely a drop in the bucket when you consider the broader scope of federal finances. 

According to Lee, there may soon come a time when Canada’s gold reserves are entirely a thing of the past. There are better assets to focus on, he argued, calling the government’s decision to dump gold “wise and astute.”

* * * 

Lee was right, because fast forward one month when earlier today Canada's Department of Finance released its latest official international reserves and as of this moment it's official - Canada has fully "broken away with tradition" and has exactly zero gold left.

This is what it said: 

The Government of Canada sold 21,851 ounces of gold coins for settlement in February. On February 29, gold holdings stood at 77 ounces. The valuation is based on the February 29, 2016, London p.m. fix of US$1,234.90 per ounce. 

And now, Canada can focus on buying "better assets." As to whether "the government’s decision to dump gold was wise and astute", we'll check back on that at some point in the near future.

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Link: http://www.zerohedge.com/news/2016-03-03/its-official-moment-canada-has-no-gold-reserves-left

Gold: ETF-Bestände auf dem höchsten Stand seit September 2014

Hierzu ein interessanter Chart-Vergleich zwischen den ETF-Beständen und dem Goldpreis:

Quelle: bloomberg.com

Gold: Beste Februar-Performance aller Zeiten

Die starke YTD-Performance könnte eine nachhaltige Wende beim Goldpreis einläuten..

Quelle: bloomberg.com

Gold: Handelsvolumen an der Terminbörse COMEX auf Rekordhoch

Die stärkste Februar-Rally bei Gold seit über 25 Jahren spiegelte sich auf der COMEX wider:

Quelle: bloomberg.com

Gold: ETF-Käufe explodieren auf 6-Jahreshoch

Die Gold-ETFs erhalten seit Jahresstart massive Zuflüsse. Hierzu ein aktueller Bericht von Mining.com:

Gold price: ETF buying surges to 6-year high

In heavy volume, April gold futures in New York’s Comex market were last exchanging hands for $1,240.40 an ounce, down from a high of $1,254 shortly after data showed the services sector in the US against expectations plunging into deep contractionary mode and coming in at the lowest reading since October 2013. Services constitute more than three-quarters of the US economy.

Gold is experiencing one of its best starts to a year in decades. The metal is up 18% year to date thanks to safe haven buying as investors seek cover from turmoil on financial markets, worries over the economic outlook and the push by central banks around the world into unprecedented negative interest rate territory.

Since the beginning of February, more gold has flowed into the ETFs than was withdrawn in the whole of last year..

Link: http://www.mining.com/gold-price-etf-purchases/

Quelle: MarketRealist, Comex

Gold: Notenbanken erhöhen in 2015 erneut ihre Bestände

Die Zentralbanken bleiben beim Gold auf der Käuferseite aktiv..

Quelle: U.S. Global Investors, usfunds.com

Drei Top-Gründe für Gold-Investments in 2016

Visual Capitalist publiziert diese Woche eine neue, lesenswerte Info-Grafik über das gelbe Metall:

Quelle: visualcapitalist.com

Amerikanische Energiebranche: Fracking-Unternehmen vor Schicksalsjahr

Ein immer größerer Teil der stark verschuldeten, amerikanischen Frackingbranche steht am Abgrund. In 2016 werden die meisten Absicherungen (Hedges) auslaufen und dann wird es bei den aktuellen Energiepreisen extrem schwierig die hohen Schuldendienste zu erfüllen. Reuters widmet sich dem Thema in einem aktuellen Artikel:

"You've got oil that is down meaningfully in 2016, volumes are down, natural gas prices are low because of weather and there is very little in the way of hedging. Then you've got a lot of these companies that were very aggressively financed with debt," said Mark Hanson, oil analyst with Morningstar in Chicago. "It can get pretty ugly."

2016 brings more pain to U.S. shale companies as crude sinks

Pain is quickly growing more acute in the new year at beleaguered U.S. shale companies as a global supply glut sinks crude further to 11-year lows, putting added financial stress on the most heavily indebted..

Link: http://www.reuters.com/article/us-oil-outlook-debt-idUSKBN0UM2EF20160108

US-Aktienmarkt: Total NYSE Short Interest explodiert auf Rekord-Niveau, höchste Level vor Lehman Brothers

Sehr spannende Entwicklung - credit to ZH.

Quelle: NYSE, zerohedge.com

Hedgefonds-Legende und Milliardär Stanley Druckenmiller platziert massive Wette auf Gold

Das wahre "smart money" positioniert sich weiter antizyklisch im hoch kontroversen Gold-Sektor:

Billionaire Stanley Druckenmiller Loads Up On Gold, Makes It His Largest Position For First Time Ever

Submitted by Tyler Durden on 08/16/2015 17:40 -0400

• Monetary Policy
 
• None

Over the past several years, one of the biggest critics of the Fed's ruinous monetary policy has been billionaire investor Stanley Druckenmiller, who in 2010 announced he would be shutting down his legendary Duquesne Capital Management, and convert it to a family office. Yet, despite his constant drumbeat of warnings that the period of ZIRP/QE/NIPR will end in tears, he had yet to put money where his mouth was (aside for a brief period in mid-2012 when we bought a lot of GLD calls, only to unwind the almost instantly).

This ended on June 30, when following Friday's filing by the Duquesne Family Office, we learned that as of the end of Q2, the largest position for Stanley Druckenmiller was none other than gold, following the purchase of 2.9 million shares of the GLD ETF shares. In other words, as of this moment, gold amount to over 20% of Druckenmiller's total holdings.

In a world in which starved for ideas alpha-chasers do anything and everything that billionaires report they did a month and a half ago, we wonder if this marks the end of the relentless liquidation in the GLD, which recently hit a multi-year low, as a result driving the price of paper gold to multi-year lows even as physical demand has approached record levels.

So with Druckenmiller now back and strapped in for the ride, we wonder which other prominent investor will promptly follow..?

Link: http://www.zerohedge.com/news/2015-08-16/billionaire-stanley-drucknemiller-loads-gold-makes-it-his-largest-position-first-tim

Quelle: zerohedge.com

Quelle: http://www.valuewalk.com/wp-content/uploads/2013/05/Stanley-Druckenmiller-Ira-Sohn.jpg

Russland: Gold-Reserven der Nationalbank steigen auf neues Allzeit-Hoch

Stabiler Trend..

Quelle: zerohedge.com

"..Buying gold is just buying a put against the idiocy of the political cycle. It's That Simple.."

Quote:

Why Russia Is On A Gold Buying Spree

Submitted by Tyler Durden on 05/27/2015 15:51 -0400

• China
 
• Kyle Bass
 
• Kyle Bass
 
• Monetary Policy
 
• Reuters

 

Several years ago, Kyle Bass gave the simplest bull case for gold:

"Buying gold is just buying a put against the idiocy of the political cycle. It's That Simple"

And since it is this same political cycle that is doing everything in its power to preserve what little credibility it has, and to avoid its naked idiocy from being revealed for all to see, it has done everything in its power to push the price of gold lower.

However, several entities refuse to be fooled by such "cheap" tricks. One is China, whose ravenous apetite for gold has been extensively discussed previously. The other is the Bank of Russia.

According to central bank data, Russia's gold reserves rose to 40.1 million troy ounces as of May 1 compared with 39.8 million ounces a month earlier. Russia increased its gold holdings for many months in a row last year, as shown by central bank figures and represented in the chart below...

Link: http://www.zerohedge.com/news/2015-05-27/why-russia-gold-buying-spree 

Russland: Gold-Reserven steigen auf neues Allzeit-Hoch

Eindrucksvolle Entwicklung und Parallelen zum Gold-Rausch in China sind zu erkennen:

Quelle: zerohedge.com

Barrick-CEO sieht Goldpreis von 2.000 USD bis 2016 kommen

Der Chef des weltgrößten Gold-Produzenten Barrick Gold (NYE:ABX), Mr. Jamie Sokalsky, sieht die Trendwende im gelben Metall eingeleitet. Daher wird Barrick auch keine Gold-Hedges in Betracht ziehen:

Gold may rise toward $2,000 in two years – Barrick CEO

Jamie Sokalsky thinks gold prices may retest previous highs and rise toward $2,000 an ounce within two or three years.

Author: Liezel Hill (Bloomberg) - Posted: Thursday , 06 Mar 2014 

Barrick Gold Corp., the world’s largest producer of the metal, said gold prices may retest previous highs and rise toward $2,000 an ounce within two or three years.

The metal has probably reached its lows and could exceed $1,500 an ounce in the next year, Barrick Chief Executive Officer Jamie Sokalsky said in an interview in Toronto today. Gold fell 28 percent last year, the biggest annual decline since 1981. It has recovered some ground in 2014, rising 11 percent in New York trading.

“Ultimately we are going to see gold go back up and I think we could challenge the highs that we saw a couple of years ago,” Sokalsky said at a Bloomberg event. “Within two or three years, I wouldn’t be surprised to see gold back up towards $2,000.”

Link: http://www.mineweb.com/mineweb/content/en/mineweb-editors?oid=231866&sn=Detail

US Treasuries, Top Holder im Jahres-Vergleich: FED mit Spike

Die chinesischen Holdings laufen Ende 2013 auf neue Rekord-Stände - wobei besonders beachtlich ist, dass die Käufe von US-Treasuries aus dem Reich der Mitte sich in den letzten drei Jahren auf relativ winzige ca. 120 Mrd. USD beliefen. China lässt seinen Worten eindrucksvoll Taten folgen und macht in der Diversifikation der gewaltigen Devisen-Reserven ernst. Als großer Hedge und DAS ultimative Hard Asset wird Gold gewiss eine immer größere Rolle spielen. 

Währenddessen erfahren die FED-Holdings in 2013 einen wahren Spike und die amerikanische Notenbank festigt ihren Platz als Nr. #1 US-Treasuries-Holder. Alleine dieser Fakt spiegelt prägnant wider, wie verrückt und gleichzeitig instabil die US-Verschuldungs-Mania geworden ist. Die USA ist der größte Schuldner- und gleichzeitig der mit Abstand größte Gläubiger von US-Schuldpapieren geworden (!).

Quelle: zerohedge.com