As gold fell 6% in February, BIS gold swaps hit record high
It is likely that the current level of gold swaps is the highest use of them by the BIS for at least 20 years. It also seems likely that…
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BIS gold swaps reach another record high
No explanation for the continuing high level of swaps has been published by the BIS. Indeed, the bank has offered…
Continue readingGold Swaps By BIS Held At Record High In November
To put this into context, the volume of the BIS’ gold swaps remains larger than the 504 tonnes of gold held by the ECB. The BIS has…
Continue readingGold, Silver Smashes Sanctioned By BIS
Despite JP Morgan getting fined for spoofing and several other banks also getting caught and fined, the mysterious drops in the silver price continue…
Continue readingBIS use of gold swaps remains near record high
The BIS’ use of gold swaps and derivatives has been extensive…
Continue readingGold And Silver Are Set Up For A Huge Move
While gold was unable to sustain its move over $2,000, for now, the overt price intervention efforts over the last 4 weeks have, at best…
Continue readingBank for International Settlements Activity In Gold Market Rose Again In August
The use of gold swaps and derivatives by the BIS has been extensive…
Continue readingAnother Raid On Gold & Silver Orchestrated By The BIS
We’re in our 4th day of gold & silver whackings. They like to whack around the jobs report and the Labor Day holiday. No doubt the bankers are worried about…
Continue readingWhy A Rally In Gold Is Around The Corner
“Everything is intact for Goldman Sachs’ $2300 gold target. It’s going to be tested, then $2500 comes into the crosshairs.”
Continue readingBIS Gold Swaps SOARED In July, May Be Highest Level Ever
The BIS’ use of gold swaps and derivatives has been extensive…
Continue readingWas The BIS Busy In The Gold Market This Morning?
Gold & Silver got pounded this morning? Well that’s (not so) strange…
Continue readingBIS Activity In Gold Reached Three-Year High In May
These transactions create a mismatch at the BIS, and so far this mismatch has not been reported in BIS annual reports…
Continue readingGold intervention by BIS held steady in March and April as study hints it’s done for Fed
The BIS long has acted on behalf of the Federal Reserve and has done so via swaps and crucially has been prepared to take on credit risk. This invites…
Continue readingWho Smashed Gold Monday Afternoon? Let’s ‘Round Up The Usual Suspects’
You don’t “take profits” by driving down the price all at once, but by selling gradually and not so much as to crash the price…
Continue readingGold Market Intervention By BIS Is At Highest Level For Nearly A Year
Since May 2019 the BIS, which represents most central banks, has increased its use of gold swaps and other gold-related derivatives by more than 400 percent…
Continue readingEgon von Greyerz: Paper Gold is TEMPORARY, Take Heed BEFORE Collapse Of Fake Gold Market
With a paper market in gold that totally dominates gold trading and distorts the price of gold, it is easy for most people to forget what gold is all about…
Continue readingWhy not call the BIS before contriving explanations for gold’s direction?
Practically every day prompts market analysts to contrive explanations for movements in the gold price, no matter how implausible…
Continue readingThe BIS, The G20…And Bail-Ins
An interview with James Anderson of SD Bullion…
Continue readingFinally The Real Cause Of The Fed’s Repo Market Intervention | John Rubino
Remember just a few months ago when repo rates went from 1 percent to 10 percent overnight, the Fed assured us it…
Continue readingNew BIS Report On Fed’s Repo Market Interventions, And…Soon To Be $500 Billion A Day?
Even CNBC is copying the phrase “Repo Madness”!
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