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 readingHarvey notes some interesting things about lease rates in today’s update…
Continue readingComex was just rescued with gold from JP Morgan…
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 readingPractically every day prompts market analysts to contrive explanations for movements in the gold price, no matter how implausible…
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Continue readingThere most likely is an unpublished agreement among the participating central banks not to buy any gold, but this private agreement is now being torn up…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…
Continue readingAn “event of default” had occurred due to the sanctions, as established in agreements underpinning the gold swap deals. Here’s more…
Continue readingDespite a treasure trove of public information and a prospectus, some folks still promote false narratives about the GLD manipulating the price of gold…
Continue reading“This would explain both the counter-intuitive crash in GLD inventory that began in late January as well as the counter-intuitive smash in price that…”
Continue readingMonthly statements of account published by the Bank for International Settlements indicate that the bank is still actively trading gold swaps…
Continue readingOops, another country did it again! Italy thought it had some savings in real, physical gold, but as the oh-so-true saying goes, “if you don’t hold it…
Continue reading“…this process created a supply of ‘paper gold’ — sometimes but not always marked to market — that had a depressing effect on the gold price.
Continue readingThe Swaps make the BIS long unallocated gold and short allocated gold, which seems a strange position for the supposedly conservatively run central bank…
Continue readingAfter soaring in October, gold swaps fall in November, but the BIS continues it’s secret activities…
Continue readingJohn has an update on his efforts to find Australia’s missing gold, and he also has an important discussion on the coming Global Financial Crisis 2.0…
Continue readingJohn Adams investigates what happened to 11.1 tons of leased-out gold, as well as a new scandal with England denying Australia access to its gold…
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