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U.S. Treasury refuses to answer many questions about disposition of its own gold
Submitted by admin on Wed, 2021-12-01 11:34 Section: Documentation11:31a ET Wednesday, December 1, 2021
Dear Friend of GATA and Gold:
Recent correspondence between U.S. Rep. Alex X. Mooney, R-West Virginia, and the U.S. Treasury Department suggests that the department has given the Federal Reserve and International Monetary Fund unfettered control of a substantial portion of U.S. gold reserves.
In a letter to Treasury Secretary Janet Yellen on June 9 this year --
https://gata.org/sites/default/files/Mooney-To-Treasury-06-09-2021.pdf
JPMorganChase to pay $60 million to settle precious metals spoofing lawsuit
Submitted by admin on Tue, 2021-11-23 11:41 Section: DocumentationBy Jonathan Stempel
Reuters
Friday, November 19, 2021
NEW YORK -- JPMorgan Chase & Co (JPM.N) agreed to pay $60 million to settle class-action litigation by investors who accused the largest U.S. bank of intentionally manipulating prices of precious metals futures and options.
The settlement disclosed today stemmed from sprawling U.S. government investigations into a form of illegal trading in precious metals and U.S. Treasury markets, known as spoofing.
Third gold market rigging settlement brings total payments to $152 million
Submitted by admin on Thu, 2021-11-18 18:49 Section: DocumentationBy Dave Simpson, Rachel O'Brien, Dean Seal, Eric Kroh, and Jon Hill
Law360, New York
Saturday, November 13, 2021
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LONDON -- Barclays Bank PLC, Scotiabank, Societe Generale, and the London Gold Market Fixing Ltd. agreed to pay $50 million to end claims that they illegally fixed prices on the gold market, the putative class of gold traders told a New York federal court Friday.
Three banks paying $50 million to settle antitrust claims they rigged London gold fix
Submitted by admin on Wed, 2021-11-17 09:15 Section: DocumentationFrom Bloomberg Law, New York
Monday, November 15, 2021
Barclays Plc, Societe Generale SA, Scotiabank, and London Gold Market Fixing Ltd. will pay a combined $50 million to end antitrust litigation over an alleged scheme to rig the gold "fix," a key pricing benchmark, according to a federal court filing in Manhattan.
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Robert Lambourne: BIS gold swaps fell slowly again in October
Submitted by admin on Wed, 2021-11-10 12:27 Section: DocumentationBy Robert Lambourne
Wednesday, November 10, 2021
The recently released October statement of account of the Bank for International Settlements --
https://www.bis.org/banking/balsheet/statofacc211031.pdf
-- contains information suggesting a decrease of about 24 tonnes in the bank's gold swaps, from 438 tonnes in September to 414 tonnes in October.
This compares to the record high estimated at 552 tonnes as of February 25 this year.
Robert Lambourne: Small decline in BIS gold swaps in August
Submitted by admin on Sat, 2021-10-23 13:45 Section: DocumentationBy Robert Lambourne
Saturday, October 23, 2021
The recently released September statement of account of the Bank for International Settlements -
https://www.bis.org/banking/balsheet/statofacc210930.pdf
— contains information suggesting a decrease of about 26 tonnes in the bank's gold swaps during August, from 464 tonnes to 438 tonnes.
This compares to the record high estimated at 552 tonnes as of February this year.
Chris Powell: Gold market manipulation update, October 2021
Submitted by admin on Wed, 2021-10-20 13:40 Section: DocumentationThe images accompanying this presentation are posted here:
https://gata.org/sites/default/files/GATA%20NOLA%202021%2010%2012%20v4.pdf
* * *
Remarks by Chris Powell
Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday, October 19, 2021
IMAGE 1
Robert Lambourne: BIS gold swaps fell slightly in August but remain high
Submitted by admin on Sun, 2021-09-12 10:46 Section: DocumentationBy Robert Lambourne
Sunday, September 12, 2021
The recently released August statement of account of the Bank for International Settlements -
https://www.bis.org/banking/balsheet/statofacc210831.pdf
— contains information suggesting a decrease of about 38 tonnes in the bank's gold swaps in August, from 502 tonnes to 464 tonnes.
This compares to the record high estimated at 552 tonnes as of February 25 this year.
Robert Lambourne: BIS gold swaps rose back over 500 tonnes in June
Submitted by admin on Wed, 2021-08-11 11:15 Section: DocumentationBy Robert Lambourne
Wednesday, August 11, 2021
The recently released July statement of account of the Bank for International Settlements --
https://www.bis.org/banking/balsheet/statofacc210630.pdf
-- contains information that suggests an increase of about 31 tonnes in the bank's gold swaps in June, from 471 tonnes to 502 tonnes.
This compares to the record high estimated at 552 tonnes as of February 25 this year.
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Robert Lambourne: BIS gold swaps fall in June by 46 tonnes to 471 tonnes
Submitted by admin on Wed, 2021-08-04 15:45 Section: DocumentationBy Robert Lambourne
Wednesday, August 4, 2021
The recently released June statement of account of the Bank for International Settlements --
https://www.bis.org/banking/balsheet/statofacc210630.pdf
-- contains information that suggests a decrease of about 46 tonnes in the bank’s gold swaps to 471 tonnes. This compares to the record high estimated at 552 tonnes as of February 25 this year.
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