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BIS annual report confirms GATA analysis of gold interventions, avoids Russia issue

Section: Documentation

9:10a Monday, June 27, 2022

Dear Friend of GATA and Gold:

In his latest report on the gold market interventions of the Bank for International Settlements, appended here, GATA consultant Robert Lambourne is far too modest. For the bank's annual report, published Sunday, confirms the accuracy of Lambourne's years of doing monthly calculations of the bank's gold market interventions -- its involvement in gold swaps, about which the bank has been almost completely secret.

Robert Lambourne: BIS gold swaps fell substantially again in May

Section: Documentation

By Robert Lambourne
Tuesday, June 14, 2022

Another substantial reduction in the gold swaps of the Bank for International Settlements is indicated by the bank's statement of account for May:

https://www.bis.org/banking/balsheet/statofacc220531.pdf

Robert Lambourne: BIS gold swaps fall by a third in two months. Is 'Basel 3' kicking in?

Section: Documentation

By Robert Lambourne
Saturday, May 21, 2022

The recently released March and April 2022 statements of account of the Bank for International Settlements — 

https://www.bis.org/banking/balsheet/statofacc220331.pdf

https://www.bis.org/banking/balsheet/statofacc220430.pdf

— contain information suggesting a significant decrease in the bank's gold swaps.

Chris Powell: Russia conscripts gold into defense of the ruble

Section: Documentation

Gold Market Manipulation Update

Remarks by Chris Powell
Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
Mining Investment Asia Conference
Intercontinental Hotel, Singapore
Thursday, March 31, 2022

In recent months gold market manipulation particularly and commodity futures market manipulation generally have been ever-more exciting fields of study.

Robert Lambourne: Small decline in BIS gold swaps in February

Section: Documentation

By Robert Lambourne
Saturday, March 12, 2022

The recently released February 2022 statement of account of the Bank for International Settlements --

https://www.bis.org/banking/balsheet/statofacc220228.pdf

-- contains information suggesting a decrease of about 29 tonnes in the bank's gold swaps, from 501 tonnes as at the end of January to 472 tonnes at the end of February. 

Robert Lambourne: BIS gold swaps increased by 21% in January

Section: Documentation

By Robert Lambourne
Friday, February 11, 2022

The recently released January 2022 statement of account of the Bank for International Settlements --

https://www.bis.org/banking/balsheet/statofacc220131.pdf

-- contains information suggesting an increase of about 87 tonnes in the bank's gold swaps, from 414 tonnes in December to 501 tonnes in January, or 21%. This compares to the record 12-month high estimated at 552 tonnes at the end of February 2021

Pam and Russ Martens: NY Fed has second trading floor at Chicago futures markets

Section: Documentation

No wonder the U.S. Commodity Futures Trading Commission declines to answer, even for a member of Congress, whether the commission has jurisdiction over manipulative futures trading by or on behalf of the government or whether such manipulative trading is authorized by the Gold Reserve Act of 1934, as amended:

https://www.gata.org/node/19917

Robert Lambourne: BIS gold swaps fell slightly in December; no hint of Basel III influence

Section: Documentation

By Robert Lambourne
Sunday, January 9, 2022

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

https://www.bis.org/banking/balsheet/statofacc211231.pdf

-- contains information suggesting a decrease of about 37 tonnes in the bank's gold swaps, from 451 tonnes in November to 414 tonnes in December. 

This compares to the record high estimated at 552 tonnes as of February 25 this year.

JPM holds 62% of bank-held stock derivatives -- or is that really a U.S. govt. position?

Section: Documentation

10:48a ET Thursday, December 23, 2021

Dear Friend of GATA and Gold:

More great investigative journalism today from Pam and Russ Martens of Wall Street on Parade shows that JPMorganChase is listed as the owner of 62% of all stock derivatives held at all 4,914 federally-insured banks in the United States, a notional total of $3.3 trillion in derivatives.

The Martenses ask how anything like this possibly could be permitted by the U.S. government.

... Dispatch continues below ...

Robert Lambourne: BIS gold swaps increased slightly in November

Section: Documentation

By Robert Lambourne
Sunday, December 12, 2021

The recently released November statement of account of the Bank for International Settlements —

https://www.bis.org/banking/balsheet/statofacc211130.pdf

— contains information suggesting an increase of about 37 tonnes in the bank's gold swaps, from 414 tonnes in October to 451 tonnes in November. 

This compares to the record high estimated at 552 tonnes as of February 25 this year.

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