Sentences with phrase «physical gold position»
What is the size of the total short physical gold position, or put another way, how much gold from their vaults have the central banks collectively deposited, leased or swapped into the market through the bullion banks?
http://www.gata.org/ Not exact matches
GDX is quite popular with investors, with hedge funds using it to take positions on gold miners and individual investors using it as an alternative to investing in physical gold.
Thus the size of the total short physical position continues to stir controversy, with Gold Fields Minerals Services sticking to its estimate of 4000 to 5000 tonnes notwithstanding the mountain of research by the Gold Anti-Trust Action Committee and its associates suggesting an amount two to three times as large.
It appears to us that gold positions traded in London and NY among bullion banks, HFT's, hedge funds, and commodity traders constitute highly levered derivatives with only distant and notional relationships to the physical substance.
While geopolitical and economic factors are pushing the price of gold higher, the extreme dislocation between the western Central Bank short position in gold via several different forms of paper gold and the amount of available physical gold to deliver into buyers» hands is going to move gold in a way that will shock and awe everyone except maybe the hardiest gold «bugs.»
And that's what partially drove me to a position in physical gold and silver; my insurance policy.
According to securities attorney Avery Goodman, Goldman Sachs and HSBC took major positions in physical - hold - in - your - hand gold last week, while continuing to recommend against buying gold to their clients!
George Soros dropped his stash of gold (held in the popular SPDR Gold Trust (GLD)-RRB- while Louis Moore Bacon sold all of his gold holdings in his Moore Capital Management fund with the exception of a modest position in a physical gold ETF, Sprott Physical Gold Trust -LSB-gold (held in the popular SPDR Gold Trust (GLD)-RRB- while Louis Moore Bacon sold all of his gold holdings in his Moore Capital Management fund with the exception of a modest position in a physical gold ETF, Sprott Physical Gold Trust -LSB-Gold Trust (GLD)-RRB- while Louis Moore Bacon sold all of his gold holdings in his Moore Capital Management fund with the exception of a modest position in a physical gold ETF, Sprott Physical Gold Trust -LSB-gold holdings in his Moore Capital Management fund with the exception of a modest position in a physical gold ETF, Sprott Physical Gold Trust -physical gold ETF, Sprott Physical Gold Trust -LSB-gold ETF, Sprott Physical Gold Trust -Physical Gold Trust -LSB-Gold Trust -LSB-...]
I would normally view a book with such a title with considerable skepticism even though, as the previous blog post reveals, I've long been a believer in having a 5 to 10 % position in some combination of gold or precious metals stocks, mutual funds or ETFs, or the underlying physical metals (coins or bullion bars).
GDX is quite popular with investors, with hedge funds using it to take positions on gold miners and individual investors using it as an alternative to investing in physical gold.