ETF Holdings Hit Records As Investors Funnel Into Precious Metals

By
September 26, 2012
Share:

 

Gold ETF holdings continue to set records while silver holdings are close to a record level after each of the metals last week gained 1.4 million and 5.8 million troy ounces, reaching 81.9 million and 596 million ounces, respectively, according to an article published on Hard Assets Investor.

Prices of the yellow and gray metals are consolidating just under $1,800 and $36 per ounce, or close to their corresponding key levels of support. Moreover, the approaching “fiscal cliff” in the U.S. is likely to send the metals to their next resistance levels of $1,920 and $40 a troy ounce, respectively, HAI said.

Platinum ETF holdings jumped higher as well, reaching a record 1.5 million after gaining 15,000 throughout the week. However, palladium holdings dropped 1,000 troy ounces to 1.95 million, according to the article.

For the full story, go to HardAssetsInvestor.com.

ETF.COM CHANNELS

Learn why commodity ETFs are an essential part of a diversified portfolio with our Commodity ETFs channel.

Learn why bond ETFs are an essential part of a diversified portfolio with our bond ETF channel.

ETF DAILY DATA

Though markets were flat, 'SPY' garnered significant inflows on Wednesday, Feb. 10.

'SPY' paced inflows for SSgA on Wednesday, Feb. 10.

ETF.COM ANALYST BLOGS

By Dave Nadig

For all the hype, here’s an example of an ETF working just as it should.

By Matt Hougan

Here's why you should attend the largest ETF conference in the world next month.

By Dave Nadig

Barclays built in a premium to this exchange-traded note, so back away.

By Sumit Roy

Why this probably isn't the start of a bear market.

ETF INDUSTRY PERSPECTIVE

By Jane Leung

A new way to hedge for currency risk in your international investments.

By Heidi Richardson

Opportunities in Germany and the eurozone.

By Shirish Malekar

How to protect your portfolio with liquid alts.