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 | Rob Kirby - Kirby Analytics |
Forensic Examination of the Gold Carry Trade  |
| Friday, October 16, 2020 |
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 | Ronan Manly - Bullion Star |
| New Gold Pool at the BIS Basle, Switzerland: Part 1 |
| “In the Governor’s absence I attended the meeting in Zijlstra’s room in the BIS on the afternoon of Monday, 10th December to continue discussions about a possible gold pool. Emminger, de la Geniere, de Strycker, Leutwiler, Larre and Pohl were present.”
13 December 1979 – Kit McMahon to Gordon Richardson, Bank of England
Introduction
A central bank Gold Pool which many people will be familiar with operated in the gold market between November 1961 and March 1968. That Gold Pool was known as tSaturday, April 18, 2020 |
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 | Chris Powell - GATA |
| Chris Powell at New Orleans conference: Gold market manipulation update, November 2018 |
| Since we met at this conference last year much new evidence of manipulation of the gold market by central banks and their bullion bank agents has been compiled and disclosed by the Gold Anti-Trust Action Committee.
For example, a month ago a major bullion bank, the Bank of NoSaturday, November 3, 2018 |
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| Chris Powell - GATA |
| Monetary Metals' Weiner refuses to see anything wrong in the gold market |
| These days there aren't many denials of gold market manipulation by governments and central banks.
As the documentation has piled up, most of the former deniers have fallen silent or struck the pose of 321Gold's Bob Moriarty, who these days writes that all markets are manipulated and everyone should just get over it, as if the identity of the manipulators, their capacity for manipulation, and the degree of their manipulation are of no practical or moral concern.
But Keith Weiner of Monetary MTuesday, March 13, 2018 |
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| Chris Powell - GATA |
| Robert Lambourne: BIS gold derivatives fall in December but remain hefty |
| * * *
By Robert Lambourne
Disclosures in the December 2017 statement of account published by the Bank for International Settlements --
https://www.bis.org/banking/balsheet/statofacc171231.pdf
-- indicate that during December the bank reduced substantially its use of gold swaps and other gold-related derivatives. The information provided in the BIS monthly statement of account is not sufficient to calculate a precise amount of gold-related derivatives, including swaps, but it appears that the totTuesday, February 6, 2018 |
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| Ronan Manly - Bullion Star |
| What’s Happening (or Not) at the LBMA: Some Updates |
| This article is in 3 parts and covers a) upcoming trade reporting in the London gold market which is being led by the London Bullion Market Association (LBMA), b) the recent publication by the LBMA of a Guide to the London OTC precious metals markets, and c) an update on monthly vault reporting which the LBMA and the Bank of England launched in 2017.
LBMA Trade Reporting
The lack of trade reporting in the London gold market is possibly one of the biggest ommissions in global financial markets, sThursday, February 1, 2018 |
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| Bullion Vault |
| Gold Sets 13-Week Closing Low, Bitcoin +993 in 2017 as US Jobless Hits 'Tech Bubble' Low |
| GOLD PRICES gave back a $5 pop on new US jobs data Friday to near the weekend at $1269 per ounce – a 13-week closing low – as world stock markets slipped from new all-time highs.
Crude oil rose but base metals eased back further from their 25% gains of the last 6 months.
Major government bond prices ticked higher, pushing yields down, while crypto-currency Bitcoin set
another fresh Friday, November 3, 2017 |
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| Chris Powell - GATA |
| Chris Powell: The essentially prohibited questions about the price of gold |
| Remarks by Chris Powell
Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday, October 25, 2017
All you really need to know about gold could have been surmised from a story on the front page of The Wall Street Journal on August 10:
http://www.gata.org/node/17562
http://www.gata.org/files/WallStreetJournalFrontPage-08-11-2017.jpg
In that story the newspaper quoted four experts on the gold market, all of them assocThursday, October 26, 2017 |
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| Chris Powell - GATA |
| The gold crime technical analysis can't see or defend against |
| There's a little progress this week in the field of gold market analysis, for in his latest commentary, headlined "Motive, Means, and Opportunity, But No Crime" --
http://tsi-blog.com/2017/10/motive-means-and-opportunity-but-no-crime/
-- The Speculative Investor's Steve Saville has acknowledged that governments and central banks have an interest in knocking the gold price down and the ability to do it.
But Saville insists that there is no evidence that they have been doing it, no evidence of anWednesday, October 25, 2017 |
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| Chris Powell - GATA |
| Venezuela fails to reclaim the gold it pawned to Deutsche Bank |
| * * *
Venezuela Allows $1.7 Billion Gold Swap with Deutsche Bank to Lapse, Legislator Says
By Corina Pons
Reuters
Monday, October 22, 2017
CARACAS -- Venezuela this month allowed a $1.7 billion gold swap with Germany's Deutsche Bank to lapse, according to an opposition legislator who said it weakens the balance sheet of the crisis-stricken OPEC nation's central bank.
Through the operation, Venezuela had received $1.2 billion in cash in exchange for putting up $1.7 billion worth of gold in guaraTuesday, October 24, 2017 |
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| Chris Powell - GATA |
| President's top candidate to lead Fed knows all about gold market rigging |
| President Trump's top candidate for the next chairman of the Federal Reserve Board appears to be former board member Kevin M. Warsh, who has complained repeatedly about the Fed's manipulation of markets and in 2009 revealed to GATA that the Fed has secret gold swap arrangements with foreign banks.
According to news reports like this one from Bloomberg today --
https://www.bloomberg.com/news/articles/2017-09-29/trump-mnuchin-are-sai...
-- Warsh met Thursday with the president and Treasury SecretaMonday, October 2, 2017 |
|
| Sprott Money |
| The LBMA Is A Ploy of the Central Bank Community - Nico Simons |
| This
article is about the way the Central Bank Community manipulates the price of
gold and the role of the LBMA within. We describe some of the signs that the
Central Bank Community manipulate the price of gold and that they are using the
LBMA to reach their goal. Is the manipulation of the gold price a classic case of
Diffusion of responsibility because so many organizations are involved and
avoid taking responsibility?
Manipulation is a joint effort of the Central
Bank Community
The sigWednesday, August 23, 2017 |
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| Chris Powell - GATA |
| Jan Skoyles: How many claims of ownership on gold held by U.S. |
| GoldCore's Jan Skoyles notes today that there's more than one important question about the gold purportedly held by the U.S. government at Fort Knox. That is, it's not just whether there is metal in the depository but also whether there are multiple claims to ownership of any and all gold purportedly held by the government.
Skoyles writes: "As GATA found out between 2008 and 2009, the Fed keeps a secret of its gold-swap arrangements with foreign banks.
"Unsurprisingly, gold-swap arrangements potWednesday, August 23, 2017 |
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| Graham Summer - Gains Pains & Capital |
| U.S. Treasury Secretary: I Assume Fort Knox Gold Is Still There |
| U.S. Treasury Secretary: I Assume Fort Knox Gold Is Still There
US Treasury Secretary Steve Mnuchin visits Fort Knox Gold
Later tweeted ‘Glad gold is safe!’
Only the third Treasury Secretary to visit the fortified vault, last visit was 1948
Last Congressional visit was 1974
Speculation over existence of gold in Fort Knox is rife
Concerns over Federal Reserves lack of interest in carrying to an audit on gold
Gold was last counted in 1953, nine years before Mnuchin was born
Mnuchin may be lookingTuesday, August 22, 2017 |
|
 | Mark O'Byrne - gold.ie |
| Mnuchin: I Assume Fort Knox Gold Is Still There |
| US Treasury Secretary Steve Mnuchin visits Fort Knox Gold
Later tweeted ‘Glad gold is safe!’
Only the third Treasury Secretary to visit the fortified vault, last visit was 1948
Last Congressional visit was 1974
Speculation over existence of gold in Fort Knox is rife
Concerns over Federal Reserves lack of interest in carrying to an audit on gold
Gold was last counted in 1953, nine years before Mnuchin was born
Mnuchin may be looking to prevent countries and states from worrying about and repatriaTuesday, August 22, 2017 |
|
| Sprott Money |
| The LBMA is a ploy of the Central Bank Community |
| This
article is about the way the Central Bank Community manipulates the price of
gold and the role of the LBMA within. We describe some of the signs that the
Central Bank Community manipulate the price of gold and that they are using the
LBMA to reach their goal. Is the manipulation of the gold price a classic case of
Diffusion of responsibility because so many organizations are involved and
avoid taking responsibility?
Manipulation is a joint effort of the Central
Bank Community
The signsWednesday, August 16, 2017 |
|
| Chris Powell - GATA |
| Avery Goodman: Smashes in gold foretell a big move up |
| Securities lawyer and market analyst Avery Goodman today describes the gold swap mechanisms being used by central banks and by the U.S. government particularly for suppressing the monetary metal's price, and he argues that the investment banks assisting the central banks in this scheme are smashing the gold futures market so they can exit their short positions at the expense of hedge funds and speculators. These smashes, Goodman asserts, signal a big move up in gold. Goodman's analysis is headliSunday, July 9, 2017 |
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| Bullion Vault |
| Gold Bullion Slips Again from 'MAJOR' Hurdle of 2011 Downtrend as IMF Raises Global GDP Forecasts |
| GOLD BULLION priced in Dollars retreated on Wednesday from its second attempt in 3 days to break the 6-year downtrend starting at 2011's record peak, as world stock markets and commodities steadied after yesterday's drop amid a higher outlook for world economic growth from the IMF.
Analysts at Germany's Commerzbank last week called the $1291 level, where
gold's 2011 downtrend now comes in, "MAJOR resistance".
Wednesday, April 19, 2017 |
|
| Chris Powell - GATA |
 Chris Powell: Why invest in gold miners if they won't defend themselves |
| Mines and Money Asia Conference, Hong Kong
Friday, April 7, 2017
Since we gathered here a year ago, gold and silver market manipulation has burst into the open and become undeniable. Even some mainstream financial news organizations have had to report it, if begrudgingly and only briefly. But the gold and silver mining industry itself keeps running away from it.
Fortunately, this conference allows it to be discussed anyway.
The biggest development in gold and silver market manipulation in the laFriday, April 7, 2017 |
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| Ronan Manly - Bullion Star |
| Germany’s Gold remains a Mystery as Mainstream Media cheer leads |
| On 9 February 2017, the Deutsche Bundesbank issued an update on its extremely long-drawn-out gold repatriation program, an update in which it claimed to have transferred 111 tonnes of gold from the Federal Reserve Bank of New York to Germany during 2016, while also transferring an additional 105 tonnes of gold from the Banque de France in Paris to Germany during the same time-period.
Following these assumed gold bar movements, the Bundesbank now claims to have achieved its early 2013 goal of repSaturday, March 4, 2017 |
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