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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.
Ronan Manly: GLD conceals its gold dealings with Bank of England
Submitted by admin on Tue, 2022-12-20 11:41 Section: Documentation11:37a 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
Submitted by admin on Wed, 2022-12-07 15:22 Section: DocumentationBy 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":
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
Submitted by admin on Mon, 2022-11-28 22:41 Section: Documentation10:33p 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
Submitted by admin on Thu, 2022-11-10 15:11 Section: DocumentationBy 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 --
Robert Lambourne: BIS gold swaps stay very low for second month
Submitted by admin on Mon, 2022-10-31 20:39 Section: DocumentationBy Robert Lambourne
Monday, October 31, 2022
The recently released September statement of account of the Bank for International Settlements --
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