Investor holdings in the by Goldessential monitored gold-backed exchange-traded funds were seen decreasing 1.265 tonnes (40,672 ounces) or 0.08 pct in the week from October 29th up to and including November 5th, in-house calculations based on official data showed on Friday.
One of the ten monitored ETF’s announced an inflow over the reported period, whereas three reported a physical outflow. Six reported “no change”, although one announced a small internal adjustment that did not correspond to an actual physical flow. Additionally, holdings in the Claymore Bullion Trust – which is one of the two funds not included in our weekly analysis due to infrequent intra-week updates, dropped 1,625 ounces or 0.05 tonnes (-0.41 pct) in the week to November 5.
The largest and only inflow was seen in the world’s largest bullion backed exchange-traded fund, the SPDR Gold Trust, where 125,711 ounces or 3.91 tonnes (+0.35 pct) were added to holdings on behalf of investors. The largest decline in holdings was seen in the by ETF Securities marketed Gold Bullion Securities, were 152,690 ounces or 3.91 tonnes (-2.96 pct) were removed.
The equally by ETF Securities marketed ETFS Metal Securities (PHAU) saw holdings down 39,752 ounces or 1.24 tonnes (-1.21 pct). Holdings in the COMEX Ishares Gold trust (Barclays) were down 792 ounces or 0.02 tonnes (-0.03 pct), the equivalent of two London good delivery 400 oz gold bars.
All other monitored ETF’s reported no changes over the given interval, apart from the South-African NewGold Debentures (Absa) announcing a revision of -149 ounces. Jointly, the ten monitored gold-backed exchange traded funds (excluding (1) and (2)) as such dropped 0.08 pct over the latest week, reversing some of last week’s 0.10 pct advance. Total monitored holdings (excluding (1) and (2)) were now at 1,602.66 tonnes, 1.05 pct below a record high of 1,619.62 tonnes. Grand total monitored holdings (including (1) and (2)) were at 1,764.67 tonnes, down 0.99 pct from a record high of 1,782.27 tonnes.
On a rolling month basis, the best performance (in percent) was seen in the Ishares COMEX Gold trust (+6.92 pct). On the second place stood the Swiss based Julius Baer Physical Gold ETF (+2.13 pct). The third place was for the South-African NewGold (+0.20 pct) There ETFS Metal Securities did the worst over the rolling month, with holdings down 12.25 pct.
Courtesy: www.goldessential.com
