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Robert Lambourne: BIS gold swaps rose 33 tonnes in February, up to 136

Section: Documentation

By Robert Lambourne
Wednesday, March 8, 2023

From the information contained in the just-published February 28 statement of account of the Bank for International Settlements --

https://www.bis.org/banking/balsheet/statofacc230228.pdf

-- the estimated  volume of the bank's gold swaps stands at 136 tonnes, 33 tonnes higher than the estimate for January 31.

Robert Lambourne: In January BIS gold swaps bounced up sharply from zero

Section: Documentation

By Robert Lambourne
Sunday, February 12, 2023

While the December statement of account of the Bank for International Settlements, the central bank of the central banks and their gold broker, showed its gold swap position had fallen to zero at the end of 2022, the bank has not gotten out of the gold swap business. 

The BIS' January statement of account, published this week --

https://www.bis.org/banking/balsheet/statofacc230131.pdf 

Robert Lambourne: After sharp rise in November, BIS gold swaps ended the year at zero

Section: Documentation

By Robert Lambourne
Tuesday, January 31, 2023

Based on its December statement of account, published today --

https://www.bis.org/banking/balsheet/statofacc221231.pdf

-- the Bank for International Settlements, the central bank of the central banks and their gold broker, appears to have closed its gold swap business as of the end of the year.

Ronan Manly: GLD conceals its gold dealings with Bank of England

Section: Documentation

11:37a ET Tuesday, December 20, 2022

Dear Friend of GATA and Gold:

Bullion Star researcher Ronan Manly reports today that the SPDR Gold Trust, the exchange-traded fund better known as GLD, and its sponsor, the World Gold Council, are obscuring data in GLD's financial reports in violation of U.S. Securities and Exchange Commission rules, making it impossible for the public and investors to determine how much GLD gold is going into and out of the vaults of the Bank of England, a subcustodian of the fund's metal.

... Dispatch continues below ...

Robert Lambourne: BIS gold swaps reverse sharply upward as metal's price rises

Section: Documentation

By Robert Lambourne
Wednesday, December 7, 2022

On November 10 my most recent commentary on the gold swaps of the Bank for International Settlements noted that "after 12 years in the gold swap business, the BIS seems to have just about gotten out":

https://gata.org/node/22286

It goes to show how wrong you can be, since the bank's November statement of account, just published --

At LBMA conference, BIS exec shows off his experience secretly intervening in gold

Section: Documentation

10:33p ET Monday, November 28, 2022

Dear Friend of GATA and Gold:

Along with mining entrepreneur Pierre Lassonde and professional nihilist Doug Casey, some bigshots in the monetary metals sector still contend that central banks don't care much about gold.

Robert Lambourne: BIS is nearly out of its gold swap business

Section: Documentation

By Robert Lambourne
Thursday, November 10, 2022

After 12 years in the gold swap business, the Bank for International Settlements seems to have just about gotten out.

The bank's October statement of account, just published --

https://www.bis.org/banking/balsheet/statofacc221031.pdf

Robert Lambourne: BIS gold swaps stay very low for second month

Section: Documentation

By Robert Lambourne
Monday, October 31, 2022

The recently released September statement of account of the Bank for International Settlements --

https://www.bis.org/banking/balsheet/statofacc220930.pdf

Chris Powell: Gold market manipulation update (October 2022)

Section: Documentation

Illustrations for this presentation can be found here: NOIC-Slides-10-12-2022.pdf 

* * *

ILLUSTRATION 1

Remarks by Chris Powell
Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday, October 12, 2022

Robert Lambourne: BIS shows tiny increase in its August gold swaps

Section: Documentation

By Robert Lambourne
Saturday, September 10, 2022

The recently released August statement of account of the Bank for International Settlements --

https://www.bis.org/banking/balsheet/statofacc220831.pdf

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