Documentation

Gold market intervention by BIS rose sharply in December

Submitted by cpowell on Thu, 2020-01-30 13:31 Section: Documentation

By Robert Lambourne
Thursday, January 30, 2020

Since May 2019 the Bank for International Settlements, which represents most central banks, has increased its use of gold swaps and other gold-related derivatives from an estimated 78 tonnes to an estimated 313 tonnes as of December 2019.

The bank's total gold swaps and derivatives stood at 250 tonnes in November 2019.

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Paul Mylchreest: LBMA disconnects gold's price from metal's fundamentals

Submitted by cpowell on Thu, 2020-01-30 12:44 Section: Documentation

12:52p Thursday, January 30, 3030

Dear Friend of GATA and Gold:

Read more about Paul Mylchreest: LBMA disconnects gold's price from metal's fundamentals

CIA memo explains how IMF's Special Drawing Rights were meant to displace gold

Submitted by cpowell on Sat, 2019-12-21 11:54 Section: Documentation

12:05p ET Saturday, December 22, 2019

Dear Friend of GATA and Gold:

Read more about CIA memo explains how IMF's Special Drawing Rights were meant to displace gold

Robert Lambourne: BIS gold swaps and derivatives at highest point since February

Submitted by cpowell on Tue, 2019-12-17 14:37 Section: Documentation

By Robert Lambourne
Tuesday, December 17, 2019

In the past two months the Bank for International Settlements, which represents most central banks in the world, has nearly doubled its gold swaps and derivatives position, the bank's October and November statements of account show:

https://www.bis.org/banking/balsheet/statofacc191031.pdf

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Jan Nieuwenhuijs: Gold auditor lied to Congress -- Fort Knox vault seals were broken, metal was moved

Submitted by cpowell on Tue, 2019-12-17 10:18 Section: Documentation

10:18a ET Tuesday, December 17, 2019

Dear Friend of GATA and Gold:

Read more about Jan Nieuwenhuijs: Gold auditor lied to Congress -- Fort Knox vault seals were broken, metal was moved

Robert Lambourne: Gold swaps by BIS rose 45% -- 58 tonnes -- in October

Submitted by cpowell on Mon, 2019-11-18 10:42 Section: Documentation

By Robert Lambourne
Monday, November 18, 2019

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Chris Powell: Gold market manipulation update, November 2019

Submitted by cpowell on Fri, 2019-11-01 19:57 Section: Documentation

Illustrations for these remarks are posted here:

http://gata.org/files/NOIC-2019-Slides-11-01-2019.pdf

* * *

Remarks by Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday, November 1, 2019

Since we gathered here a year ago the gold and silver markets feel much stronger.

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Robert Lambourne: BIS gold swaps fell in September

Submitted by cpowell on Tue, 2019-10-29 11:39 Section: Documentation

By Robert Lambourne
Tuesday, October 29, 2019

The Bank for International Settlements has just published its statement of account for September and it indicates that the bank continues to trade gold swaps. The BIS uses gold swaps and other gold derivatives to gain access to gold held by commercial banks. But recent swaps remain at much-reduced levels compared to the second half of 2018.