BIS Gold Swaps Rose In May Despite Approach Of Basel 3 Rules
Expect the BIS to have to unwind these swaps soon?
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BIS’ 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…
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 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…
Continue readingWhy not call the BIS before contriving explanations for gold’s direction?
Practically every day prompts market analysts to contrive explanations for movements in the gold price, no matter how implausible…
Continue readingEx-Fed Governor Admitted Secret Gold Swaps & Market Rigging Is Candidate For Bank Of England
He acknowledged that the Fed has secret gold swap arrangements with foreign banks…
Continue readingBy Not Renewing The CBGA, Central Banks In Europe Are Ready To Buy Gold
There 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 readingECB Announces That 20 Year Old Gold Sales Agreement Is Over
The ECB made a surprise announcement about a 20 year old gold sales agreement…
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