GATA reports gold swaps at the Bank for International Settlements rose 55% from August to October, and we explain how the BIS sits at the hub of central bank gold flow
Authored by GoldFix
In today’s GoldFix Market Rundown, Vince Lanci asks whether gold is being spoofed lower again. GATA reports gold swaps at the Bank for International Settlements rose 55% from August to October, and Vince explains how the BIS sits at the hub of central bank gold flows, and why bullion banks that know it is selling are encouraged to get short.
He also reads BlackRock’s “constructive” gold call as a trader’s hold, and asks what Russia’s shift from yuan to rubles means for de-dollarization and gold as the bridge.
0:00 Two stories: BlackRock on gold miners, and Russia turns to rubles
1:02 BlackRock remains constructive on gold into 2027
1:52 Why "we remain constructive" reads as a hold
3:17 BlackRock is not an analytical player in gold
3:48 Russia's yuan push falters under US sanctions
4:20 A win for dollar incumbency
4:47 The yuan isn't internationalizing fast enough
5:21 China cools on the BRICS and moves toward Hong Kong
6:40 Are Russia and China cooling off?
7:30 Gold as the bridge
8:23 Is the Bloomberg story a hit piece?
9:10 Is that bearish for gold?
10:02 GATA: gold swaps via the BIS up 55%
11:11 The BIS, the central bank of central banks
12:02 The market maker of last resort
12:26 How the market gets spoofed lower
14:07 Data calendar: Fed speakers, PPI Friday
14:52 Markets: dollar, stocks, VIX and goldFull show for GoldFix members: Is Gold Being Spoofed Lower Again?
