How to calculate the position of gold ETF

To gold ETF To analyze the position , It is one of the important bases to study and judge the future trend of gold price in the process of precious metal investment , At present, it is customary in the market to directly adopt SPDR Gold Trust Our position data , Because it is the largest gold in the world ETF, Its gold holdings 840 Tons of , And in 2016 It was once more than 2000 Tons of .

 

Why gold ETF Can affect the price of gold ？
gold ETF The positions of are generally large , Therefore, the change of its position will often affect the demand of the gold market , To some extent , gold ETF It represents the total market demand for gold , When it increases its position , The larger the demand, the higher the gold price , By contraries , If ETF Position Reduction , It is bad for the gold price .

How to analyze the position
Analyzing gold ETF In the process of position , Investors must pay attention to the sudden and continuous increase and decrease of their positions , If its position has not changed for a long time , Sudden and obvious reduction of positions , Then the gold price may fall , But if it looks like 2016 year 12 Month like that , A rare succession of 30 Day's Position Reduction , At the same time, it is accompanied by the unilateral decline of gold price , Once the position reduction slows down or even stops , Gold prices are also expected to see a wave of rise .

Position data need not be converted
If investors have not been exposed to gold before ETF The trend chart of the position of , May worry about unit conversion , But in fact, whether it is official or other financial website data , Will be divided into “ Oz. ” and “ Tons of ” Listed gold ETF Net position of , The variation is usually expressed in tons （1 Tons of ≈31250 Oz. ）, Investors can directly use , And make long-term records and follow-up .