Hardinvestor

skipper Inscrit le : 05 Fév 2005 Messages : 8688

2.19 T vendues semaine dernière

www.lemetropole.com

Last week, according to the ECB weekly Statement of Condition, one captive CB sold E40Mm of gold - 2.19 tonnes at the present book value. Last week’s volume was 3.67 tonnes. Of course, this is well below the notional 9.6 tonne average required to evenly sell the annual quota under WAG2.
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8688

la suisse a lourdé 10.95 T en février , ce qui avec les 8.37 T de gold vendues par systéme BCE fait 19.32 t pour le mois de février, tres en dessous du quota mensuel de 38.47/ mois

www.lemetropolecafe.com

Swiss National Bank statistics, available today on Reuters, indicate that in February, Swiss gold holdings were cut 352,100 ozs (10.95 tonnes). In the first selling tranche, during WAG1, the Swiss sold about 1 tonne every business day – so there has been an important slow down. During February, the ECB reported selling E153 Mm of gold – 8.37 tonnes at the currant book value. Collectively, these sales (19.32 tonnes) are well short of the notional WAG2 implied average of 38.47 tonnes per month.
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8688

Bundesbank : le ministre des finances allemand démend que la BUBA ait formé le projet de vendre de l'or

http://www.reuters.com/article/businessNews/idUSL2911176020080329
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8688

zip, zero, nada vente de gold des banques du systeme BCE, la semaine passée .
c'est la 1ere fois que ça arrive, depuis la signature du washington agreement en 1999 !

qui peut vendre l'or sur le comex, à votre avis? Wink

source midas
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8688

1.99 T vendues par banques systéme BCE, semaine passée

source midas
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8688

la suisse annonce qu'elle ne reconduira pas son programme de vente, une fois celui ci terminé
sur les 250 tonnes programmées sur 2 ans et annoncées en juin 2007 , 145 ont été vendues courant 2007 , puis sur un rythme plus lent , 42 T sur 2008
reste donc 1 quart à écouler d'ici fin septembre 2009 soit 63 T.. c'est peu .. il faudra qu'ils trouvent quelque chose d'autre pour sept2008/ sept 2009

source www.lemetropolecafe.com

The Swiss National Bank indicated today that it contemplates no more gold sales when the current program in finished. This 250 tonne tranche was announced in June ’07 and saw 145 tonnes sold by year end. Since then the pace has slowed, with less than a third left to be finished by September ’09.
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8688

ce n'est pas l'or des banques du sytéme BCE qui est mis sur le marché
0.95 T vendues semaine dernière, et 1.89 semaine précédente
donc pas d'or européen .. à moins que ça ne soit la BCE elle même, qui ne donne ses statistiques que bien après les ventes
( perso, j'en doute fortement .. ndrl marie )

www.lemetropolecafe.com

According to the ECB’s weekly statement of condition one captive ECB sold E18mm of gold last week: 0.95 tonnes at the present book value. Last week’s report was 1.89 tonnes. Judging by the action on the fixes, there clearly has been a large seller of physical about: but the ECB group appears not to be involved. (It is possible, however, that the ECB itself is selling: habitually it only announces its own sales well after the fact).
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8688

à propos du mode de comptabilité des ventes d'or, sur le site de la BCE, une très interessante remarque d'Ed Wener..

en résumé, on sait qu'il y a un vendeur très persistant en ce moment.. mais les chiffres postés sur le site de la BCE, n'indiquent rien
vu la terminomogie très évasive employée, rien n'empecherait une bc de préter son or à fin de vente sur le comex ..cela ne changerait rien au chiffrage hebdomadaire de la BCE.

l'auteur, sans se prononcer, bien évidemment, n'exclue donc pas que ce vendeur soit une banque européenne ..

source www.lemetropolecafe.com

Gold and Gold Receivables: A Closer Look at Eurosystem Activity
Hi Bill:
In your Midas commentary today you wrote:
And it's not just derivatives trading that is smashing gold. The AM Fix came in at a very weak $863.50 ($14 off of late yesterday's high), which means someone is flooding the market with physical. BUT WHO? We know that the individual European banks have pulled way back from what they are allowed to sell under the Washington Agreement. What, have they sold 3 tonnes the past few weeks, when they are allowed to sell about 19 tonnes?
In your Midas commentary a couple of days ago you included this report concerning last week’s Eurosystem Gold sales:
"According to the ECB’s weekly statement of condition one captive ECB sold E18mm of gold last week: 0.95 tonnes at the present book value. Last week’s report was 1.89 tonnes. Judging by the action on the fixes, there clearly has been a large seller of physical about: but the ECB group appears not to be involved. (It is possible, however, that the ECB itself is selling: habitually it only announces its own sales well after the fact)."
I’ve underlined key elements from these statements. Now let’s take a closer look at the actual announcement posted on the ECB website.
"In the week ending 25 April 2008 the decrease of EUR 18 million in gold and gold receivables (asset item 1) reflected the sale of gold by one Eurosystem central bank (consistent with the Central Bank Gold Agreement that came into effect on 27 September 2004)."
Several points to make:
1) There is no mention of 0.95 tonnes sold (This I assume was calculated by converting 18 million Euros into tonnes of Gold). Instead,
2) there was a decrease of EUR 18 million in the Gold and Gold Receivables account.
3) The meaning of the word reflected in unclear. Upon reflection, one can say it is deliberately unclear. Why use it when one could simply say the decrease of EUR 18 million consisted of the sale of gold etc. By not using a simple and clear word one has to conclude that there was more to this week’s transactions (and previous ones) than just the sale of gold from one central bank.
Further digging turned up this definition of Gold and Gold Receivables:
"Gold and Gold Receivables: Physical gold (i.e. bars, coins, plates, nuggets) in storage or "under way". Non physical gold, such as balances in gold sight accounts (unallocated accounts), term deposits and claims to receive gold arising from the following transactions, upgrading or downgrading transactions and gold location or purity swaps where there is a difference of more than one business day between release and receipt."
Now one could sell a proverbial truckload of Gold under this accounting system and not report any change at all. Notice the mention of unallocated accounts, purity swaps and other exotics. And what is physical gold "under way"? Does it refer to gold "on the way", in transit, or perhaps "deep storage gold" under millions of tonnes of rock?
Let’s go back to the original Midas report. It states there has been a large seller of physical about and the ECB group appears not to be involved. But let’s step back a moment. We all know that government inflation statistics, GDP figures and unemployment reports are doctored. Why should we accept at face value the ECB weekly gold (and receivables) report at face value? We know from the case of the Central Bank of Portugal that their Gold Holdings reports to the IMF overstated their actual physical Gold in the vault and we have proven to our own satisfaction that other Eurosystem Banks must be doing the same. So why, week after week, report that the ECB "only’ sold the one or two tonnes their reports "reflect"?
What if, for example, France under their new US friendly President is asked to swap investment grade French bars for an IOU backed by the older impure melt bars the US holds? Nothing in the above definition of Gold and Gold Receivables requires them to report a CHANGE in their holdings. The drop in physical gold holdings is matched by an equal rise in Gold receivables. Why does the definition of Gold and Gold Receivables even mention such things as "location and purity swaps" if they were not being used?
To conclude: We know that the Gold price is being forced lower. We know that much of this pushing is taking place when Europe first opens for business. A large physical seller must be operating. We do not know who this is or where the Gold comes from. It may be from the vaults holding the ETF Gold, it may be from private hoards that we are not aware of. However, we cannot exclude Eurosystem Gold because their reports are deliberately unclear.
Cheers from Auckland, Ed Wener
ed.na@xtra.co.nz
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8688

pour la 2eme fois depuis 9 ans , aucune annonce de vente d'or européen, la semaine passée .. vraiment étonnant ...( la 1ere fois c'était le 4 avril dernier)

source www.lemetropolecafe.com

This week’s ECB statement of condition indicates that none of the ECB CBs disposed of any gold last week. The only other time this has happened, in the almost 9 years of Washington Agreement sales, was in the week of April 4th this year – also as it happens after a period of sudden mysterious decline. One might almost think the ECB group wants to avoid blame.
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8688

toujours rien ou presque, semaine passée: 0.79 T
www.lemetropolecafe.com

The ECB’s weekly press release indicates that gold and receivables fell E15Mm, which it attributes to the "sale of gold by one Eurosystem central Bank". This is 0.79 tonnes at the current book value. Last week none was reported sold. Obviously, a good deal of physical has been changing hands recently, but apparently the ECB group prefers to appear uninvolved. Sales are now well behind the 9.6 tonne average implied by WAG2.
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8688

099 T.. la semaine passée
source www.lemetropolecafe.com

The weekly ECB press release attributed the E19Mm (0.997 tonne decline in gold and gold holdings in the ECB cognition statement to sales by one member CB. Last week’s decline was 0.79 tonnes. This is barely a tenth of what the weekly average notionally required to meet the WAG2 quota: the ECB group appears to want no gold limelight right now.
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8688

2.41 T vendues semaine passée par banques du systéme BCE, toujours très en dessous du quota de vente hebdo de 9.6T alloué

www.lemetropolecafe.com

The ECB weekly Consolidated financial statement reported a decline in “gold and gold receivables” of E46Mm, which it attributed to a sale by on CB partly offset by a coin purchase by another. This is 2.41 tonnes at the current book value (last week’s report was 0.997 tonnes). Needless to say, this continues far below the 9.6 tonne average sale notionally called for under WAG2. Austria reported selling 9 tonnes of gold last year, leaving 280 tonnes. This would have already shown up in the ECB reports. One wonders what the point is of such a small transaction
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8688

0.94 T vendues semaine passée.. bref tjs rien, du coté des bques systéme BCE

www.lemetropolecafe.com

The ECB weekly statement of condition says that "Gold and gold receivables" for the consolidated entity fell E18Mm – 0.94 tonnes at the current book value. Last week the quantum was 2.41 tonnes. Clearly the ECB group has no wish to be in the gold limelight at the moment; indeed, one wonders why bother selling such a tiny amount? – and of course the notional 9.6 tonne WAG2 weekly average requirement is far from being met.
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8688

toujours des volumes de vente dérisoires chez banques du systéme bce, 1.57 T semaine passée

www.lemetropolecafe.com

The ECB group of Central Banks, on the other hand, continues to lie low. According to the weekly statement of condition, one CB sold E30 Mm of gold last week: 1.57 tonnes. Last week’s sale was 2.41 tonnes. Far below the notional 9.6 tonne average implied below the WAG2 agreement.
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Pépite Bull

skipper Inscrit le : 05 Fév 2005 Messages : 8688

retour sur les déclarations 2006 de Axel Weber , président de la Buba:
héhé ... mdr1

source midas

Hi Bill,
For your interest, the following:

Public admission by Bundesbank president Axel Weber that, although his institution was not a seller of gold, he had been asked by central banks to release reserves through swap deals – presumably so that they can sell borrowed gold and push the price down further. The Fed, acting on behalf of the US treasury, is regarded as the prime
suspect.

Source: US ponders market manipulation, Barry Riley, 16 Oct 2006
http://www.efinancialnews.com/usedition/index/content/1045631696
Mike
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Pépite Bull