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Basel 3 rules will wreck gold price suppression, LBMA warns Bank of England
Submitted by admin on Sat, 2021-05-08 12:31 Section: Documentation12:29p ET Saturday, May 8, 2021
Dear Friend of GATA and Gold:
Pending "Basel III" regulations emanating from the Bank for International Settlements could destroy the clearing and settlement system for “unallocated” -- that is, “paper” or imaginary -- gold and silver, the London Bullion Market Association and the World Gold Council warned the Bank of England this week.
The bigger question behind 'regulatory capture' at the CFTC
Submitted by admin on Fri, 2021-05-07 13:06 Section: Documentation1:05p ET Friday, May 7, 2021
Dear Friend of GATA and Gold:
Chris Marcus of Arcadia Economics notes on YouTube this week that the U.S. Commodity Futures Trading Commission has named a Goldman Sachs commodity trading official, Alicia Crighton, as co-chair of a committee advising the commission about the commodity markets:
Chris Marcus: Why did CFTC help suppress silver futures prices?
Submitted by admin on Sun, 2021-05-02 20:16 Section: Documentation8:21p ET Sunday, May 2, 2021
Dear Friend of GATA and Gold (and Silver):
In an open letter to the acting chairman of the U.S. Commodity Futures Trading Commission, Rostin Behnam, published tonight, Chris Marcus of Arcadia Economics asks for an explanation of a comment Behnam made on March 18 that seemed to applaud and implicate the commission in the suppression of silver futures prices.
... Dispatch continues below ...
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Bank of England formally refuses gold leasing questions
Submitted by admin on Mon, 2021-03-22 10:57 Section: Documentation10:55a ET Monday, March 22, 2021
Dear Friend of GATA and Gold:
A few financial journalists and market analysts lately have noted the seemingly anomalous and counterintuitive behavior of the price of gold, which has fallen amid the greatest burst of money creation in history and the explosion of commodity prices.
... Dispatch continues below ...
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USAGold: Coins and bullion since 1973
Pam and Russ Martens: Janet Yellen's Plunge Protection Team has $142 billion to play with
Submitted by admin on Wed, 2021-03-17 12:52 Section: DocumentationBy 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
Submitted by admin on Thu, 2021-03-11 12:59 Section: DocumentationBy 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
Submitted by cpowell on Tue, 2021-02-09 21:08 Section: DocumentationBy 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
Submitted by cpowell on Thu, 2021-01-21 13:35 Section: DocumentationBy 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
Submitted by cpowell on Fri, 2021-01-08 19:40 Section: DocumentationBy 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
Submitted by cpowell on Fri, 2021-01-08 11:28 Section: DocumentationAfter 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
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