Basel 3 rules may not hamper gold price suppression much
The BIS had effectively no exposure to gold price risk, and in the eyes of all the Basel accords, including Basel, 3 the bank would have no…
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Gold Market Manipulation Explained: Rigging Through Futures Contracts, Leasing & Swaps
To what extent are central banks successful in suppressing the gold price?
Continue readingBank of England formally refuses gold leasing questions
Since central bank interventions against gold are undertaken surreptitiously, their instigators must…
Continue readingEverything The Mainstream Financial Press Wants You To Know About Gold Isn’t Much
“Nothing is said about the…Nor is there any mention of the…”
Continue readingAs 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 readingBIS 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 readingBIS 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 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 readingBIS Gold Swaps SOARED In July, May Be Highest Level Ever
The BIS’ use of gold swaps and derivatives has been extensive…
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 readingThe Return of Precious Metals Leasing
The beast has returned from the dead, only this time with a different purpose and intention…
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 readingWhat Caused The New York vs. London Gold Price Spread, And Why Does It Persist?
The 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 Organ: Gold SCARCE, Central Banks Are Calling In ALL Of Their Gold leases
Harvey notes some interesting things about lease rates in today’s update…
Continue readingGold Markets Again Haunted By Signs Of Paper Versus Physical Dislocation
Comex was just rescued with gold from JP Morgan…
Continue readingWho has been taking all that gold out of London, and why?
Every so often you encounter a chart that takes your breath away. This week I saw just such a graph…
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…
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