ETF Report: Gold, Silver add $112mm, Oil Bearish Bets Grow
- Precious Metals ETF flows added $393,000,000.00 net to the ETF market MTD
- Industrial Metals reduced their exposure by 5.8% MTD
- Commodity ETF flows in general were down 4.8% MTD
Net Daily ETF Flows
Net YTD ETF Flows
ETF MTD Totals
h/t and recommend follow: George Gero @futuresgeorge on Twitter
Notable
Round 1 of the presidential debate is over. The economy was one of the three topics of the debate with Donald Trump suggesting the US has become a "piggy bank" for China and that Mexico is "stealing" jobs while Hillary Clinton took aim at Trump as someone who "rooted for the financial crisis."
The Mexican peso is rallying.The peso is stronger by 1.6% at 19.5616 per dollar on the heels of Monday's presidential debate. Many are pointing to strength in the peso as a sign Hillary Clinton won the debate. However, the peso has weakened by 9% since August 15 as Lawrence McDonald (@Convertbond) points out on Twitter. You can draw your own conclusions about what the market is saying.
China stockpiles oil whenever prices are at $50 or lower. "Since the price fall in 2014, China’s implied crude stock build has increased significantly," Barclays analysts Miswin Mahesh and Michael Cohen wrote in a note to clients. "On a monthly basis, it appears that $50/bbl Brent is a key price level, below which implied crude build tends to remain at elevated levels."
News Source: Reuters, Bloomberg News, Hightower Report, Base Metals, Barchart
Total Gold ETF Holdings
good Luck
- Soren K.
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