Small decline in BIS gold swaps in February
Gold swaps continue to be an important source of gold used in the BIS gold banking business with 53% of…
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BIS Gold swaps increased by 21% in January
The recent level of gold swaps is the highest use of them by the BIS for at least 20 years. It also seems likely that the swaps are…
Continue readingBIS Gold Swaps Fell Slightly In December, No Hint Of ‘Basel III’ Influence
There is no clear downward trend in the volume of swaps, and hence it seems premature to claim that…
Continue readingBIS gold swaps increased slightly in November
Once again it is shown that the BIS…
Continue readingSmall Decline In BIS Gold Swaps
“…swaps provide a mechanism for bullion banks to return gold originally lent to them by central banks to cover possible shortfalls…”
Continue readingBIS gold swaps fell slightly in August but remain high
Despite this reticence the BIS is almost certainly acting on behalf of central banks in…
Continue readingBIS gold swaps fall in June
The BIS seemingly remains an active trader of significant amounts of gold swaps on a regular basis. So far there seems to be no definitive sign that the BIS…
Continue readingBIS Gold Swaps Rose In May Despite Approach Of Basel 3 Rules
Expect the BIS to have to unwind these swaps soon?
Continue readingBIS’ gold swaps fell in March and April but remain high
The BIS seemingly remains an active trader of significant amounts of gold swaps on a regular basis. A review of…
Continue readingBasel 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…
Continue readingGold Market Manipulation Explained: Rigging Through Futures Contracts, Leasing & Swaps
To what extent are central banks successful in suppressing the gold price?
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 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…
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