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Chris Marcus: Why did CFTC help suppress silver futures prices?

Section: Documentation

8:21p ET Sunday, May 2, 2021

Dear Friend of GATA and Gold (and Silver):

In an open letter to the acting chairman of the U.S. Commodity Futures Trading Commission, Rostin Behnam, published tonight, Chris Marcus of Arcadia Economics asks for an explanation of a comment Behnam made on March 18 that seemed to applaud and implicate the commission in the suppression of silver futures prices.

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Bank of England formally refuses gold leasing questions

Section: Documentation

10:55a ET Monday, March 22, 2021

Dear Friend of GATA and Gold:

A few financial journalists and market analysts lately have noted the seemingly anomalous and counterintuitive behavior of the price of gold, which has fallen amid the greatest burst of money creation in history and the explosion of commodity prices.

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USAGold: Coins and bullion since 1973

Pam and Russ Martens: Janet Yellen's Plunge Protection Team has $142 billion to play with

Section: Documentation

By Pam and Russ Martens
Wall Street on Parade
Wednesday, March 17, 2021

Most Americans are unaware of the existence of the Exchange Stabilization Fund (ESF). Together with the Federal Reserve Bank of New York (New York Fed) it has morphed into the U.S. Treasury Secretary’s Plunge Protection Team.

As gold fell 6% in February, BIS gold swaps hit record high

Section: Documentation

By Robert Lambourne
Thursday, March 11, 2021

The recently reported February statement of account of the Bank for International Settlements discloses that the bank's use of gold swaps increased to about 552 tonnes, which appears to be a record high, slightly ahead of the estimate of 545 tonnes reported at the end of December. 

This record high in BIS gold swaps came in a month that saw a 6% decline in the gold price, which fell from $1,844.13

As shown by Table B below, the BIS trades significant amounts of gold swaps on a regular basis.

Robert Lambourne: BIS gold swaps fall slightly in January but remain high

Section: Documentation

By Robert Lambourne
Tuesday, February 9, 2021

The recently reported January statement of account of the Bank for International Settlements --

https://www.bis.org/banking/balsheet/statofacc200131.pdf

-- discloses that the bank's use of gold swaps decreased by an estimated 22 tonnes to around 523 tonnes, which is still close to the record high reported at the end of December.

Robert Lambourne: BIS gold swaps reach another record high

Section: Documentation

By Robert Lambourne
Thursday, January 21, 2021

The recently reported December statement of account of the Bank for International Settlements --

https://www.bis.org/banking/balsheet/statofacc201231.pdf

-- discloses that the bank's use of gold swaps has increased by an estimated 25 tonnes to about 545 tonnes, a record level.

Deutsche Bank to pay nearly $125 million to resolve U.S. bribery, metals charges

Section: Documentation

By Jonathan Stempel and Noor Zainab Hussain
Reuters
Friday, January 8, 2020

NEW YORK -- Deutsche Bank AG will pay nearly $125 million to avoid U.S. prosecution on charges it engaged in foreign bribery schemes and manipulated precious metals markets, the latest blow for the bank as it tries to rebound from a series of scandals.

Pam and Russ Martens: More evidence of use of 'stimulus' money by ESF to rig markets

Section: Documentation

After Mnuchin Demanded that Fed Chair Powell Return Hundreds of Billions from Its Emergency Lending Facilities, Fed Sends Back Just $41.3 Billion

By Pam and Russ Martens
Wall Street on Parade
Friday, January 8, 2021

Dave Kranzler: Fed starts obscuring money supply data as it prepares to 'go Weimar'

Section: Documentation

11:35p ET Wednesday, December 30, 2020

Dear Friend of GATA and Gold:

Pam and Russ Martens: Market-rigging ESF slush fund increased to $681 billion by 'stimulus' bill

Section: Documentation

The Language Toomey Inserted into the Stimulus Bill Enshrines a $681 Billion Trading Slush Fund for Mnuchin with the New York Fed

By Pam and Russ Martens
Wall Street on Parade
Tuesday, December 22, 2020

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