wag 5 :29-09-2008 au 26-09-2009

le point sur les ventes des BC / fin des ventes suisse

ce nouveau Wag qui commence aujoud'hui, débute avec une excellente nouvelle :
fin des ventes de la banque nationale suisse


http://www.snb.ch/fr/mmr/reference/pre_20080929_1/source/pre_20080929_1.fr.pdf

Les Allemands aussi Marie...!!! Germany, Switzerland are done selling gold

Submitted by
cpowell on 01:39PM ET Monday, September 29, 2008. Section: Daily
Dispatches
Germany's Bundesbank to Keep Its Gold Reserves
From Reuters
via The Guardian, London
Monday, September 29, 2008
http://www.guardian.co.uk/business/feedarticle/7836677
FRANKFURT, Germany -- Germany's Bundesbank will hold on to the vast bulk of
its gold reserves in the next 12 months, the central bank said on Monday.
The Bundesbank, which is the second-largest hoarder of gold behind the United
States, said it would sell no gold apart from 6.5 tonnes to the German finance
ministry, as already agreed.
"The remaining sales quota will be offered in its entirety to other central
banks taking part in the gold agreement," the Bundesbank said in response to a
Reuters inquiry.
Under the terms of a five-year deal between 15 European central banks, the
Bundesbank can sell 120 tonnes of gold a year but has consistently passed on
most of its quota to other institutions and sold only enough bullion to mint
coins.
The Bundesbank holds 3,400 tonnes of gold, worth about $95 billion at today's
prices.
Gold was trading around $873 an ounce on Monday and has been helped by
investors seeking a safe haven from market turbulence, although prices remain
short of the lifetime high of $1,030.80 an ounce hit in March.
The final year of the agreement began on Sept. 27. In the fourth year,
central banks were estimated to have sold about 320 tonnes of gold, well short
of the 500-tonne annual limit.
The Bundesbank has refused to sell down its reserves, not wanting to hand the
German government a budget windfall.
* * *
Switzerland Finished with Gold Sales
From Reuters
via Forbes.com
Monday, September 29, 2008
http://www.forbes.com/afxnewslimited/feeds/afx/2008/09/29/afx5481830.htm...
ZURICH, Switzerland -- The Swiss National Bank said on Monday it had
concluded the sale of 250 tonnes of gold, announced in June 2007, and said it
had no plans for any further gold sales.
The SNB said in a statement it sold 137 tonnes of gold between Sept. 27, 2007
and Sept 26, 2008 after selling 113 tonnes prior to that. It said its total gold
holdings were now 1,040 tonnes, adding it planned no further reduction.
In June 2007, the SNB said it would sell 250 tonnes of gold by September
2009, in line with an agreement among European central banks to limit gold sales
to 500 tonnes a year.

* * *
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4-5
Metro Toronto Convention Centre, Toronto, Canada
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Thursday-Monday, November 13-18,
2008
New Orleans Marriott Hotel
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7.79 T de vendues, la semaine passée ....en hausse+++ donc..par rapport aux semaines passées ( WAG4 ) et notamment les 0.74 T de la semaine précédente
mais avec quelque bizzareries comptables, dont je vous laisse juges ..

www.lemetropolecafe.com


The ECB weekly statement of condition, announced a day late because of the quarter end, was for once interesting. Putting aside the quarterly revaluation effect, a fall in “gold and gold receivables” of E157Mm was reported – 7.79 tonnes at the new book value. Last week’s total was only 0.74 tonnes. This is the first time in many weeks the amount disposed of has approached the 9.6 tonnes notionally required if the WAG2 quota were to be evenly sold throughout the year.
More interesting is the ECB comment that the amount reflected:
“…first, the sale of gold by one Eurosystem central bank (consistent with the Central Bank Gold Agreement that came into effect on 27 September 2004) and, second, the refining by a Eurosystem central bank of gold coin and bars into fine gold bullion.”
This implies that the sale was larger than E157Mm, and that the second Central Bank was not declaring “gold bar and coin” which was not good delivery as part of its gold Reserves. If if had been, the refining would have made no difference. A further example of the deceptive nature of Central Bank accounting.

encore 7.79 T gold vendues par 2 banques signataires du wag

source www.lemetropolecafe.com


The ECB’s weekly statement indicated a decline of 153Mm in "gold and gold receivables" on its consolidated balance sheet, said to be the result of sales by two banks. This is 7.59 tonnes at the new book value. Last week’s sale was 7.79 tonnes. The pace has picked up, but is still below the 9.6 tonnes notional rate which would the weekly average of the 500 tonne annual quota. Furthermore it is not enough to have done the damage of last week.

2.16 T vendues semaine passée.. en baisse donc et tres en dessous du "quota 'hebdo de 9.6 T

www.lemetropolecafe.com



The ECB weekly statement of condition indicated that “gold and “gold receivables” fell E41 Mm last week - 2.16 tonnes at the current book value – said to the result of a sale by one captive CB. This compares with 7.59 tonnes last week, and of course is well below the 9.6 tonnes notionally required if the entire WAG2 quota was to be sold evenly through the year.

peanuts vendu la semaine passée... 0.05 T..
ceux qui racontent que les BC balancent du gold à tout va... disent des âneries ..

fmi ou fort knox, ça ne fait plus aucun doute ..

www.lemetropolecafe.com
The ECB weekly statement of condition indicated that one captive CB sold E1Mm of gold (0.05 tonnes). Last week the amount was 2.16 tonnes. Clearly the ECB group does not wish to seem involved in what is happening in gold. Such a tiny transaction might well stem from the adjustment of some derivative position.

non seulement pas ou peu de ventes, mais des achats ..
0.05 T la semaine passé.. d'accord, c'est peu mais c'est un signe fort et tout à fait inhabituel !

ça fait donc 50 kg achetées en piéces qui contrebalancent les 50 kg vendues du 29/10 et annnoncées ces jours ci

www.lemetropolecafe.com

On Tuesday, the ECB reported that consolidated "gold and receivables" rose E1Mm (0.05 tonnes), "mainly" due to a purchase of gold coin by one of the subordinate CBs. This is unprecedented in the 9 years of the Washington Agreement. Last week the group reported a reduction of 0.99 tonnes. The ECB echelon of CBs seems to want to appear out of the gold market right now.

050 T vendues la semaine passée ... tjs aussi peu d'enthousiasme

www.lemetropolecafe.com

The lack of any kind of meaningful European Central Bank selling was confirmed again today…
Good morning Bill,
With this latest data from the ECB, this should pretty much confirm that ECB gold sales have dropped off a cliff. For the reporting period ending 11/14/08, the ECB sold 10,000,000 Euros of gold which works out to 0.50 tonnes.
For the last 4 weeks, the net ECB gold sales were 0.60 tonnes. The comparable period sales in 2005, 2006, and 2007 were 51.11 tonnes, 29.97 tonnes, and 30.01 tonnes, respectively.
The ECB may be making a political statement to the US with the huge drop off in gold sales just prior to the G-20 meeting. The statement may be, you are on your own concerning the suppression of the gold price.

2.83 T vendues la semaine passée

www.lemetropolecafe.com

Tuesday’s ECB statement of condition indicated an E57Mm drop in “gold and gold receivables”, 2.83 tonnes at the present book value. This was attributed to a sale by one captive CB and a “net sale” of coin by another. Last week the sale was 0.5 tonnes. The ECB group continues to run far below the 9.6 tonne average required if the WAG2 quota were to be sold evenly. On the face of matters, the ECB group is not responsible for the large amount of Central Bank-type bar reported to be around.

5.7 T vendues la semaine passée
en hausse, mais tjs largement en dessous du quota hebdo autorisé par le wag qui est de 9.6 T
www.lemetropolecafe.com

Today’s ECB weekly statement of condition reports that “gold and gold receivables” dropped E115 Mm, which “reflected” gold sales by two captive CBs. At 5.7 tonnes, this is somewhat higher than of late (last week’s quantum was 2.83 tonnes), but is still small even compared to the 9.6 tonnes notionally possible if the WAG2 quota were to be sold evenly.

1.04 T de gold vendues semaine derniére et 2.08 T la semaine précédente.. tjs largement en dessous du quota hebdomadaire de 9.6 T;)

6.12 T de gold vendues la semaine passée.. en nette augmentation, mais tjs tres en dessous du quota hedomadaire autorisé par le wag

source www.lemetropolecafe.com

5.8 T de gold vendues semaine passée, une seule BC impliquée.. en nette augmentation ces 15 derniers jours,
mais tjs très inférieur au quota hebdomadaire autorisé par le wag de 9.6 T

www.lemetropolecafe.com

seulement 0.95 T cette semaine..

pour fixer les id.. depuis le 27 sept dernier, début du WAG5, si les bc avaient vendu le quota maxi autorisé, on devrait totaliser 125 T de gold..
hors, on en totalise que 58T

source www.lemetropolecafe.com

The ECB actually published two statements of condition today, one for January 1st 31, reporting the new book value of gold (E621.542 per oz versus E627.141) and reflecting Slovakia adopting the Euro, and another for January 2. The first showed “Gold and gold receivables falling E13Mm because of “transactions” (and E1, 972Mm because of revaluation) and the second another transaction-caused reduction of 6Mm). In total, E19Mm was trimmed off the gold reserves: 0.95 tonnes. This compares with 5.8 tonnes last week.
A Reuters report notes that so far this WAG2 year (which began 9/27/08) 58 tonnes of CB gold has been reported sold. Were the quota of 500 tonnes to be sold evenly, the aggregate would have been 125 tonnes. See
http://www.fxstreet.com/news/futures-news/article.aspx?
StoryId=1a8da6a8-48c9-4960-9b47-29e771fbc221