BIS gold swaps fall slightly in January but remain high
Despite this reticence the BIS is almost certainly acting on behalf of central banks in taking out these swaps, as the central banks are the…
Continue readingDespite this reticence the BIS is almost certainly acting on behalf of central banks in taking out these swaps, as the central banks are the…
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 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 readingThe BIS’ use of gold swaps and derivatives has been extensive…
Continue readingThese transactions create a mismatch at the BIS, and so far this mismatch has not been reported in BIS annual reports…
Continue readingThe beast has returned from the dead, only this time with a different purpose and intention…
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 readingThe spread between the NY futures and London spot gold price was initially caused by logistics and manufacturing constraints, and likely persists because of…
Continue readingHarvey notes some interesting things about lease rates in today’s update…
Continue readingComex was just rescued with gold from JP Morgan…
Continue readingEvery so often you encounter a chart that takes your breath away. This week I saw just such a graph…
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 readingHe acknowledged that the Fed has secret gold swap arrangements with foreign banks…
Continue readingThere most likely is an unpublished agreement among the participating central banks not to buy any gold, but this private agreement is now being torn up…
Continue readingThe ECB made a surprise announcement about a 20 year old gold sales agreement…
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A $10,000 gold price, EMPTY vaults, bank holidays, and the GLD & SLV going belly-up! Harvey explains in this explosive interview…
Continue readingRecent activity in the gold market is much reduced…
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