BIS shows tiny increase in its August gold swaps
The recent trend of significant decreases in the bank’s gold swaps has stopped for the moment, and the total of the BIS gold swaps outstanding…
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BIS Has Nearly Ended Its Gold Swap Business
If the current rate of decline is maintained, the BIS may be…
Continue readingBIS gold swaps keep falling sharply, down 60% in six months
Gold swaps undertaken by the major gold broker fell substantially again, this time…
Continue readingGold swaps fell substantially again in May at the BIS
The BIS has no gold storage facilities of its own…
Continue readingBIS Gold Swaps Fall By A Third In Two Months (Is ‘Basel 3’ Kicking In?)
The recent data suggests that a downward trend in the bank’s swaps has begun, and a continuation of this trend would be…
Continue readingSmall 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…
Continue readingBIS 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…
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