Monday, 12 March 2012

Gold on Monday night 12 March

Not a very inspired go at a market report, just for my own reference. The price of gold was around $1,704 per ounce £1,089 on Monday night.



BullionVault's market commentary from Monday afternoon quoted from Swiss precious metals refiner MKS saying gold: "remains vulnerable to correction within a broadly positive longer term trend."



Tomorrow will see the Federal Reserve Open Market Committee make its monetary policy announcement which may or may not add to current speculation over the liklihood of more QE. BullionVault's report quotes Ronald Leung, director of Hong Kong-based Lee Cheong Gold Dealers: "If there's no QE3, then there will be disappointed selling again."

In Forbes Jim Wyckoff gives a neutral market rating of 5.


This is what my 'portfolio' looked like: 


And three gold ETFs mentioned below:




The latest weekly figures for physical gold exchange traded funds on the London Stock Exchange.
For  a look at earlier weeks: http://goldetfinvestor.blogspot.com/2012/03/source-physical-gold-etf-sgld-vs-phau.html

PHAU
ETFS PHYSICAL GOLD      

Number of trades: 1,528
PHAU trades as a percentage of all ETPs:15.62%
Total value of PHAU traded: £118,982,189
PHAU as percentage of total ETP value: 19.61%
Average value of PHAU trade: 77,868
Time weighted spread: 0.08%

PHGP
ETFS PHYSICAL GOLD £


Number of trades: 842
PHGP trades as a percentage of all ETPs: 8.61%
Total value of PHGP traded: £22,050,983
PHGP as percentage of total ETP value: 3.63%
Average value of PHGP trade: £26,189
Time weighted spread: 0.14%

SGLD
SOURCE PHYSICAL GOLD


Number of trades: 327
SGLD trades as a percentage of all ETPs: 3.34%
Total value of SGLD traded: £111,814,197
SGLD as percentage of total ETP value: 18.43%
Average value of SGLD trade: £341,939
Time weighted spread: 0.10%


GBS
GOLD BULLION SECURITIES


Number of GBS trades: 743
GBS  trades as a percentage of all ETPs: 7.59%
Total value of GBS  traded: 105,313,650
GBS as percentage of total ETP value: 17.36%
Average value of GBS  trade: £141,741
Time weighted spread: 0.18%

IGLN (iShares)
ISHARES PHYSICAL GOLD ETC            


Number of IGLN trades: 326
IGLN  trades as a percentage of all ETPs: 3.33%
Total value of IGLN  traded: £9,428,314
IGLN as percentage of total ETP value: 1.55%
Average value of IGLN  trade: 28,921
Time weighted spread: 0.34%

XGLD (db x-trackers)
DB PHYSICAL GOLD ETC        


Number of XGLD trades: 103
XGLD trades as a percentage of all ETPs: 1.05%
Total value of XGLD  traded: £8,147,816
XGLD as percentage of total ETP value: 1.34%
Average value of XGLD  trade: £79,105
Time weighted spread: 0.63%

For reference's sake here's what the daily trading levels were for these ETFs on Monday March 12 2012:







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