Showing posts with label BIS. Show all posts
Showing posts with label BIS. Show all posts
Total OTC derivatives are up from ~414 trillion to ~516 trillion for notional amounts outstanding (+24.6%) and up from 9.682 trillion to 11.140 trillion at gross market values (+15%).Gold OTC derivatives are actually down from 0.640 trillion to 0.426 trillion for notional amounts outstanding (-33.4%) and from 56 billion to 47 billion at gross market values (-16%). Gold OTC derivatives are still
The sell if they will isn't as meaningful as the reporter wants you to believe. Consider that the outstanding notional amount of gold over the counter derivatives is 463 billion USD , reported by the BIS December 2006. Switzerland's central bank is to sell a further 250 tonnes of gold, dashing hopes for a revival in depressed bullion prices after months of heavy selling by Spain and Belgium.The
Gold supply demand analysis papersTwo reports, the first is by the World Gold Council (WGC) and GFMS, published each quarter.Gold supply demand analysis report IThe second report, the Yellow Book by Virtual metals / Fortis bank, published twice a year.Gold supply demand analysis report IIThe reports are worth reading and basically present the same information. However, each rely on different data
It was a good day for all financial assets including Stocks, Bonds and Commodities, Gold and Silver are up while the USD index is down. HUI the AMEX Gold Bug Index is up 7.79%. Investors and traders lost their fears and bought everything they could, cash piles are back at work as it seems.I just noticed that the Bank of International settlements (BIS) have published a new paper on over the
It is very difficult to know how much gold is really sold short because many trading houses are holding spread positions due to arbitrage trading. Also most of the positions seems to be OTC derivatives.Here is a summery of the open Interest for the COMEX (NY) , CBOT and TOCOM (Japan), Options are not included.COMEX (CFTC) : 361,704 x 100 oz = 36,170,400 ozCBOT : (12,404 x 100 oz = 1,240,400 oz +
After reviewing the BIS OTC derivative report It is clear that gold and other commodities ( oil and maybe silver ) are still very important to the global monetary system , It’s very difficult to understand the report for several reasons :1) The definitions are very general to say the least.2) The data regarding Commodity contracts ( Gold & other) as well as E. “Other” (defined as : “ Include
Some(most ?) people still wrongly think that gold is just another commodity that lost its monetary role a long time ago. It’s true that since 1971 when President Nixon closed the gold window (making the dollar inconvertible to gold directly, except on the open market) the global monetary system is not officially backed by gold.So in 1971 a great economic experiment have started – a completely ‘
Gold is a chemical element in the periodic table that has the symbol Au (L. aurum) and atomic number 79. A soft, shiny, yellow, dense, malleable, ductile (trivalent and univalent) transition metal, gold does not react with most chemicals but is attacked by chlorine, fluorine and aqua regia. The metal occurs as nuggets or grains in rocks and in alluvial deposits and is one of the coinage
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