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Another admission from the BIS that central banks rig the gold market
Submitted by admin on Sat, 2023-09-16 11:08 Section: Documentation11:08a Saturday, September 16, 2023
Dear Friend of GATA and Gold:
While central bank trading is a primary determinant of the price of gold and other currencies, gold market analysis seldom makes any reference to the broker that provides much camouflage for central bank gold trading: the Bank for International Settlements.
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Robert Lambourne: BIS gold swaps rise 26 tonnes as soaring debt makes price suppression harder
Submitted by admin on Sun, 2023-09-10 22:15 Section: DocumentationBy Robert Lambourne
Sunday, September 12, 2023
Active trading in gold swaps by the Bank for International Settlements, the central bank of the central banks, in August.
From information in the BIS' August 31 statement of account, published this week --
https://www.bis.org/banking/balsheet/statofacc230831.pdf
-- it is estimated that the volume of the bank's gold swaps increased 26 tonnes, from 103 to 129 tonnes, in the month ending July 31.
Robert Lambourne: BIS gold swaps rose 16 tonnes in July
Submitted by admin on Sat, 2023-08-12 13:46 Section: DocumentationBy Robert Lambourne
Saturday, August 12, 2023
Active trading in gold swaps by the Bank for International Settlements, the central bank of the central banks, continued in July.
From information in the BIS' June 31 statement of account, published this week, it is estimated that the volume of gold swaps increased to 103 tonnes from the 87 tonnes estimated at June 30, a gain of 16 tonnes.
The July statement of account can be found here:
BIS inadvertently confirms accuracy of GATA's penetration of gold swap data
Submitted by admin on Mon, 2023-07-31 00:07 Section: Documentation11:58p ET Sunday, July 30, 2023
Dear Friend of GATA and Gold:
GATA's consultant about the Bank for International Settlements, Robert Lambourne, was too modest to make a big deal of it tonight in his update about the bank's intervention in the gold market via gold swaps --
https://www.gata.org/node/22751
-- but the bank's annual report inadvertently has confirmed the longstanding accuracy of his analysis.
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Robert Lambourne: BIS reduced gold swaps by more than half in June
Submitted by admin on Sun, 2023-07-30 23:22 Section: DocumentationBy Robert Lambourne
Sunday, July 30, 2023
Volatility continues in the level of gold swaps undertaken by the Bank for International Settlements, the central bank of the central banks.
After increasing 39% in May, BIS gold swaps fell 54% in June, according to the bank's June 30 statement of account, published this week:
Robert Lambourne: BIS gold swaps rose 39% in May amid U.S. debt turmoil
Submitted by admin on Wed, 2023-06-14 13:57 Section: DocumentationBy Robert Lambourne
Wednesday, June 14, 2023
Gold swaps by the Bank for International Settlements rose markedly in May, according to the bank's monthly account statement, published this week:
https://www.bis.org/banking/balsheet/statofacc230531.pdf
The bank’s gold swaps are estimated to be 188 tonnes as of May 31, a 39% increase over the 135 tonnes reported as of April 30. As shown in Table B below, recent months have brought much volatility in the level of swaps.
Robert Lambourne: BIS gold swaps held steady through April and are probably intervention by Fed
Submitted by admin on Sun, 2023-06-04 10:50 Section: DocumentationBy Robert Lambourne
Sunday, June 4, 2023
From the information contained in the recently published March 31 and April 30 statements of account of the Bank for International Settlements --
Robert Lambourne: BIS gold swaps rose 33 tonnes in February, up to 136
Submitted by admin on Wed, 2023-03-08 14:50 Section: DocumentationBy 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
Submitted by admin on Sun, 2023-02-12 09:34 Section: DocumentationBy 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 --
Robert Lambourne: After sharp rise in November, BIS gold swaps ended the year at zero
Submitted by admin on Tue, 2023-01-31 14:56 Section: DocumentationBy 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.
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