Why Is The BIS Flooding The System With Gold?

September 19, 2017

Dear Friend of GATA and Gold:

Gold swaps by the Bank for International Settlements, Dave Kranzler of Investment Dynamics writes today, correlate inversely with the gold price. That is, the more gold is swapped by the BIS, the more metal is made available to bullion banks for sale into the market and shipment to Asia to prevent demand there from boosting gold's price.

The recent explosive rise in gold swaps by the BIS, disclosed Saturday by GATA consultant Robert Lambourne --

http://www.gata.org/node/17646

-- "explains the current manipulated take-down in the price of gold despite the rising seasonal demand from India and China," Kranzler writes.

The BIS actually advertises to prospective central bank members that its services include surreptitious interventions in the gold market --

http://www.gata.org/node/11012

-- and the head of the BIS' monetary and economic department, William R. White, told a BIS conference in 2005 that a primary purpose of central bank cooperation is "the provision of international credits and joint efforts to influence asset prices (especially gold and foreign exchange) in circumstances where this might be thought useful":

http://www.gata.org/node/4279

Kranzler's analysis is headlined "Why Is the BIS Flooding the System with Gold?" and it's posted at IRD here:

http://investmentresearchdynamics.com/why-is-the-bis-flooding-the-system...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Pure gold is so soft that a strong man can squeeze it and shape it.