Posteado por: physis | 21/01/2009

ECB OMO & GOLD – January 2008

I start today a graphic research for any relation between European Central Bank (ECB) Open Market Operations (OMO), Central Bank Gold Agreemen  (CBGA, and 1, 2 , 3) gold releases and its price market. Looking for any linked relation with movements up or down in gold price, and increases or reductions in commercial short gold contracts as open interest percentage minus long ones.

Comments also in the chart. Click to enlarge.

Link to the pdf document with numbered OMO operations.

ecb-omo-01gen08-gifBlack table with data relevant to the percentage difference between short and long commercial contracts.

Red table with CBGA gold releases.

Remarks: Coincidence increase percentage difference (46.9) with ECB providing liquidity day 30 (OMO 110) and TAF operation day 31 (OMO 011). At the same time CBGA release seven tons of gold. Also coincidence TAF 005 plus two tons of gold.

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