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Documentation

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

Robert Lambourne: Gold swaps by BIS held at record high in November

Section: Documentation

By Robert Lambourne
Wednesday, December 9, 2020

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

https://www.bis.org/banking/balsheet/statofacc201130.pdf

-- discloses that the bank's use of gold swaps increased by 1 tonne to an estimated 520 tonnes, the same record level reached at the end of September 2020.

Ronan Manly: Even its own auditor wonders if GLD really has the metal

Section: Documentation

9p ET Thursday, December 10, 2020

Dear Friend of GATA and Gold:

Bullion Star researcher Ronan Manly reports tonight that even the auditor for the exchange-traded fund GLD recently questioned whether the fund really held the gold it claimed to have.

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