|ETFS Precious Metals Weekly:Gold ETF holdings hit all time high as gold price has worst day in 2 years-continued|
|March 5, 2012--Gold and other precious metals ETF holdings surge on back of price declines. The gold price and other precious metals prices corrected sharply last week as stretched 'speculative' futures investors used Bernanke's indication that another round of quantitative easing from the US central bank may not be imminent as an excuse to take profits.|
|ETF investors appeared to view the price
drop as a buying opportunity with a surge of gold and other precious
metal ETF buying. Gold ETF holdings hit an all time high last week,
rising by around 267,000 ounces to over 77.3mn ounces, $132bn at
the current gold price. Continued exceptionally accomodative
monetary policy globally, large and still rising sovereign debt
burdens and the continued high vulnerability of the global recovery
to multiple potential external shocks are expected to keep a firm
underpinning to investor and central demand for gold in the near and
Platinum and Palladium ETFs see growing demand as rising US auto sales and strong China demand keep price expectations high. Implats platinum mine labour issues are now being resolved and production is expected to start coming back onstream this week. The strike cost 120,000oz in lost PGM production.
The apparent resolution of the labor issue will likely remove platinumís near-term supply-risk price premium. Rebounding US auto sales and continued continued growth from China, however, appear to be compensating keeping prices well supported. Both platinum and palladium have seen ETF investor demand pick-up strongly this year (see charts on page 3) and futures postioning has also run-up quite sharply. The jump in speculative longs in the futures market is something that needs to monitored closely, as it indicates that prices could be susceptible to a short-term correction if macro news were to turn negative.
However, with auto demand still strong and supply issues still a key risk, barring a global relapse into recession, any correction is likely to be relatively short-lived.
visit www.etfsecurities.com for more info
|Source: ETF Securities|
|Global ETP News|
|UK government to issue the world's first non-Chinese sovereign offshore renminbi bond.|
|September 12, 2014--The government announced today (12 September), as part of the conclusion of the Economic and Financial Dialogue (EFD) with China, that it intends to issue the world's first non-Chinese sovereign offshore renminbi bond and the proceeds will be used to finance the UK government's reserves of foreign currency.|
|Basel III monitoring results published by the Basel Committee|
|September 11, 2014--The Basel Committee today published the results of its latest Basel III monitoring exercise. The study is based on the rigorous reporting process set up by the Committee to periodically review the implications of the Basel III standards for banks.|
|OTC Derivatives Regulators Issue Report to the G20|
|September 10, 2014--The Over-the-Counter (OTC) Derivatives Regulators Group (ODRG),which is made up of authorities with responsibility for the regulation of OTC derivatives markets in Australia,Brazil,the European Union,Hong Kong,Japan,Ontario,Quebec,Singapore,Switzerland,and the United States,issued a report today that provides an update to the G20 on further progress in resolving OTC derivatives cross-border implementation issues and identifies a cross-border issue that may call for legislative change.|
|IOSCO updates survey on commodity derivatives markets supervisory principles|
|September 9, 2014--The International Organization of Securities Commissions today issued the Update to Survey on the Principles for the Regulation and Supervision of Commodity Derivatives Markets, which updates its 2012 review of the implementation of IOSCO's principles for commodity derivatives markets.|
|Climate Finance Is Flowing, but It Isn't Enough-Yet|
|September 5, 2014--STORY HIGHLIGHTS
About US$359 billion a year has been flowing to and within countries to support low-carbon development and clean energy projects that can lower greenhouse gas emissions and increase resilience to the effects of climate change.
|WEF-Global Growth at Risk from Slow Reform Progress|
|The Global Competitiveness Report 2014-2015 finds insufficient progress in adopting and implementing structural reforms necessary for long-term economic growth|
Switzerland remains on top of the reportís Global Competitiveness Index rankings; the US and Japan move up in the rankings for a second year in a row
Innovation, talent development and institutional strength continue to play a defining role in determining world's most competitive economies
September 3, 2014--The health of the global economy is at risk, despite years of bold monetary policy,
|Average daily volume of 7.0 million contracts at Eurex Group in August|
|August 1, 2014--In August 2014, the international derivatives markets of Eurex Group recorded an average daily volume of 7.0 million contracts (August 2013: 6.6 million). Of those, 4.8 million were Eurex Exchange contracts (August 2013: 4.5 million), and 2.2 million contracts (August 2013: 2.1 million) were traded at the U.S.-based International Securities Exchange (ISE).|
|World Water Week Seeks Solutions to Water and Energy Challenges|
|August 29, 2014--Story Highlights|
Water is needed in almost all energy generation processes. At the same time, the water sector needs energy to extract, treat and transport water.
These inextricable connections between water and energy-and how best to manage them for the benefit of the poor-will be the focus of this yearís World Water Week.