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…
Continue readingIt 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…
Continue readingNo explanation for the continuing high level of swaps has been published by the BIS. Indeed, the bank has offered…
Continue readingTo 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 readingDespite JP Morgan getting fined for spoofing and several other banks also getting caught and fined, the mysterious drops in the silver price continue…
Continue readingThe BIS’ use of gold swaps and derivatives has been extensive…
Continue readingWhile 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 readingThe use of gold swaps and derivatives by the BIS has been extensive…
Continue readingWe’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 reading“Everything is intact for Goldman Sachs’ $2300 gold target. It’s going to be tested, then $2500 comes into the crosshairs.”
Continue readingThe BIS’ use of gold swaps and derivatives has been extensive…
Continue readingGold & Silver got pounded this morning? Well that’s (not so) strange…
Continue readingThese transactions create a mismatch at the BIS, and so far this mismatch has not been reported in BIS annual reports…
Continue readingThe 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 readingYou 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 readingSince 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 readingWith 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 readingPractically every day prompts market analysts to contrive explanations for movements in the gold price, no matter how implausible…
Continue readingAn interview with James Anderson of SD Bullion…
Continue readingRemember just a few months ago when repo rates went from 1 percent to 10 percent overnight, the Fed assured us it…
Continue readingEven CNBC is copying the phrase “Repo Madness”!
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