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Dave Kranzler: Why is the BIS flooding the system with gold?

By: Chris Powell

 -- Published: Tuesday, 19 September 2017 | Print  | Disqus 

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

* * *

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2017/07/NOIC2017_powe...

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

 


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 -- Published: Tuesday, 19 September 2017 | E-Mail  | Print  | Source: GoldSeek.com

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