KEY FUNDS - ETFs Daily Change - Marked outflows across the board, platinum the exception

Boris Mikanikrezaiboris.mikanikrezai@fastmarkets.comMetals Analyst+44 (0) 20 7337 2151

Summary ETF Daily Changes	2016 Low	2016 High	21-Nov	22-Nov	Change
Gold (tonnes)	1,480	2,176	2,099	2,093	-6.28
Silver (tonnes)	18,462	20,976	20,552	20,456	-95.90
Gold (oz)	47,568,082	69,967,028	67,497,815	67,295,985	-201,830
Silver (oz)	593,565,284	674,408,552	660,758,234	657,675,077	-3,083,157
Platinum(oz)	2,216,599	2,413,341	2,354,883	2,358,671	3,788
Palladium (oz)	1,925,269	2,391,083	2,006,696	1,925,269	-81,427

London 23/11/2016

Note: Gold ETF holdings reached a high on Wednesday, November 9, their highest since May 2013, before falling sharply. Silver ETF holdings reached an all-time high on October 25, 2016, before dropping since then.

The precious metals complex has witnessed marked outflows since the Trump victory, in part in response to stronger risk appetite and a resulting reduction in safe-haven bids.

GOLD

ETFs (tonnes)	21-Nov	22-Nov	Change
GBS-ASX	8.52	8.52	0.00
GBS-LSE	106.21	106.06	-0.15
NewGold	36.92	35.73	-1.19
SPDR	908.76	904.91	-3.85
iSHARE	206.37	205.77	-0.60
MSL	151.01	150.91	-0.10
SGBS-MSL (Zur)	10.41	10.41	0.00
SOURCE	103.32	102.93	-0.39
ZKB	147.70	147.70	0.00
XETRA DB	111.08	111.08	0.00
Jbear	47.49	47.49	0.00
CSGOLD	23.39	23.39	0.00
ETFS US (JPM) Swiss Gold shares	27.06	27.06	0.00
CGL	6.20	6.20	0.00
Sprott	55.17	55.17	0.00
CEF CFC	52.02	52.02	0.00
GTU	21.92	21.92	0.00
GOLDIST	0.49	0.49	0.00
iShare UK	63.98	63.98	0.00
M'bshUJF	11.37	11.37	0.00
ETFS HK	0.00	0.00	0.00
Totals	2,099.40	2,093.12	-6.28
All-time Record holding (01/01/13)		2,647.28
2016 high		2,176.20
2016 low		1,479.52

GOLD

ETFs (oz)	21-Nov	22-Nov	Change
GBS-ASX	273,816	273,816	0
GBS-LSE	3,414,842	3,410,028	-4,814
NewGold	1,187,019	1,148,868	-38,151
SPDR	29,217,698	29,093,764	-123,934
iSHARE	6,635,102	6,615,839	-19,263
MSL	4,854,972	4,851,755	-3,217
SGBS-MSL (Zur)	334,561	334,561	0
SOURCE	3,321,861	3,309,410	-12,451
ZKB	4,748,783	4,748,783	0
XETRA DB	3,571,345	3,571,345	0
Jbear	1,526,982	1,526,982	0
CSGOLD	752,003	752,003	0
ETFS US (JPM) Swiss Gold shares	870,128	870,128	0
CGL	199,268	199,268	0
Sprott	1,773,706	1,773,706	0
CEF CFC	1,672,644	1,672,644	0
GTU	704,652	704,652	0
GOLDIST	15,676	15,676	0
iShare UK	2,057,176	2,057,176	0
M'bshUJF	365,580	365,580	0
ETFS HK	0	0	0
Totals	67,497,815	67,295,985	-201,830
All-time Record holding (01/01/13)		85,112,855
2016 high		69,967,028
2016 low		47,568,082

SILVER

ETFs(Mozs)	21-Nov	22-Nov	Change
MSL	56.396	56.396	0.00
iSHARE	350.182	347.099	-3.08
SOURCE	2.201	2.201	-0.00
ZKB	72.682	72.682	0.00
ETFS US	24.045	24.045	0.00
Jbear	13.448	13.448	0.00
Claymore	1.987	1.987	0.00
Sprott	54.774	54.774	0.00
CEF	75.644	75.644	0.00
SBT	2.617	2.617	0.00
iShare UK	4.159	4.159	0.00
M'bshUJF	2.622	2.622	0.00
ETFS HK	0.000	0.000	0.00
Totals	660.758	657.675	-3.08
2016 high		674.409
2016 low		593.565
All-time Record holding (25/10/2016)		674.409
ETFs (mt)	21-Nov	22-Nov	Change
MSL	1,754.11	1,754.11	0.00
iSHARE	10,891.89	10,796.00	-95.89
SOURCE	68.47	68.46	-0.01
ZKB	2,260.65	2,260.65	0.00
ETFS US	747.88	747.88	0.00
Jbear	418.28	418.28	0.00
Claymore	61.79	61.79	0.00
Sprott	1,703.67	1,703.67	0.00
CEF	2,352.80	2,352.80	0.00
SBT	81.41	81.41	0.00
iShare UK	129.37	129.37	0.00
M'bshUJF	81.57	81.57	0.00
ETFS HK	0.00	0.00	0.00
Totals	20,551.88	20,455.99	-95.90
2016 high		20,976.29
2016 low		18,461.80
All time Record holding (25/10/2016)		20,976.29

PGMs

ETFs (oz)	21-Nov	22-Nov	Change
Platinum
MSL	367,533	371,343	3,810
ZKB	274,326	274,326	0
JBear	83,245	83,245	0
ETFS US	542,043	542,043	0
iShare UK	9,379	9,379	0
SOURCE	76,640	76,644	4
M'bishi UTF	118,375	118,375	0
DB ETC	59,529	59,529	0
ETFS HK	0	0	0
Sprott	42,077	42,077	0
NewPlat	781,734	781,709	-26
Totals	2,354,883	2,358,671	3,788
2016 high		2,413,341
2016 low		2,216,599
Palladium
MSL	360,899	361,614	715
ZKB	210,431	210,431	0
JBear	108,803	108,803	0
ETFS US	304,536	304,536	0
iShare UK	5,325	5,325	0
SOURCE	133,257	133,264	7
M'bishi UTF	11,023	11,023	0
DB ETC	26,459	26,459	0
Sprott	96,032	96,032	0
NewPall	233,353	229,388	-3,965
African PD	516,578	438,393	-78,184
Totals	2,006,696	1,925,269	-81,427
2016 high		2,391,083
2016 low		1,925,269

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