With BIS gold swap, central banks throw the kitchen sink at gold

Western central banks have begun throwing the kitchen sink at gold, as word broke today of a monster gold swap undertaken by the Bank for International Settlements, which, as GATA noted the other day, long has been a center of surreptitious gold market intervention (see http://www.gata.org/node/8773) and indeed was the lead defendant in GATA consultant Reg Howe's gold price manipulation lawsuit in U.S. District Court in Boston in 2000 (see http://www.goldensextant.com/). The BIS gold swap appears to involve 380 tonnes that likely were sold into the market immediately.