My comment: all of the recent actions including the huge paper games on the crimex, the BIS gold swaps, and the IMF moving the gold it controls, shows just how desperate the cb criminals and politicians are. This action is so exterme, that it must have a short time frame to run to conclusion. As painful as it is, it will be that much more satisfying when the criminals are finally out of their last silver bullet!

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The IMF since February has been selling about 15 t per month on average very quietly and without fanfare. This shows the physical market is short of gold. In May the average daily trading of gold on the LBMA increased 50% to 24.7 Mozs per day! Now we see the BIS did its biggest gold swap ever.

Note that the BIS swapped gold for currencies. In other words it took gold from a CB and gave them currency. BUT the BIS is not storing that gold in a vault. It has mobilized it into the market by loaning it. The report says the BIS holds 8,160.1 million in SDR’s EQUIVALENT to 346 tonnes of gold…that means the gold they received for the swap has been loaned out in exchange for SDR IOU gold paper. They know the country who swapped it won’t be asking for it back until they can pay back the cash side of the swap which if the country is in dire need of cash may be never. This is more evidence that there is a massive increase in physical demand and behind the scenes the CB’s are scrambling to meet it and hide it from sight.
Cheers
Adrian