BIS FX/Gold "Intervention" Profiles - Before And After

Tyler Durden's picture


Ten days ago, somewhat tongue in cheekly, we presented the "people bringing you currency manipulation on a daily basis" or in other words the BIS execution team for Europe's central banks, which is most directly engaged in FX and precious metals 'interventions' when needed. The execution chain we presented was headed by one Richard Austin Jones, head of central bank services at BIS, Basel, yet more importantly the actual trader at the bottom of the totem pole was a Mikaël Charozé, whose various tasks included the "management of the liquidity for big amounts" primarily interventions and portfolio diversification, as well as "holding and managing proprietary positions on all currencies including gold." We posted this on April 5. Funny then that just 10 days later, one would never know that Mikaël no longer counts "holding and managing proprietary positions on all currencies including gold" among his duties as well as task of "management of liquidity for big amounts including interventions". In fact his entire profile, since our little humorous exposes, appears to have been rather completely altered. Inquiring minds would love to know: why?

Before (as of April 5) - source. Note the highlighted activity descriptions.


And After - source. Note the lack of highlighted activity descriptions.

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Mon, 04/16/2012 - 08:11 | 2348123 GeneMarchbanks
GeneMarchbanks's picture

That was close...


Mon, 04/16/2012 - 08:25 | 2348141 bigdumbnugly
bigdumbnugly's picture

maybe exposing too much cat and too little bag?

Mon, 04/16/2012 - 08:26 | 2348143 Colombian Gringo
Colombian Gringo's picture

How about too many lies and not enough truth?

Mon, 04/16/2012 - 08:53 | 2348148 GetZeeGold
GetZeeGold's picture



Hope King World News doesn't get wind of this.


Another attack tries to knock King World News off the Internet


We're only intervening because we love you.


Mon, 04/16/2012 - 09:06 | 2348218 Dr Benway
Dr Benway's picture

The fool never heard of the Barbara Streisand effect...

Mon, 04/16/2012 - 10:15 | 2348253 GetZeeGold
GetZeeGold's picture



“There were 10,000 contracts traded, which is something like $1.5 billion, and gold fell precipitously, from about $1,665 to about $1,650. This is very odd trading on a Friday afternoon when there was no other discernible movement in other markets."


original source......King World News.


Mon, 04/16/2012 - 11:38 | 2348691 fockewulf190
fockewulf190's picture

What I love about this story is the fact that Zero Hedge is ripping elbows and assholes throughout the financial world, and this just proves the fact that the evil empire has their eye on this site. I can just imagine how once the original post was published on April 5th, some alarm bell rang deep within the depths of the Death Star, the BIS subsection head was properly executed by the dark force, and the relevant information sanitized.

Afterwards, todays economic Vader stares at a profile of Tyler Durden on his computer screen and mutters: "Impressive! Most impressive!"

Mon, 04/16/2012 - 16:03 | 2349570 Manthong
Manthong's picture

“positions on all currencies, including gold”

Aw, the punk doesn’t know what he’s doing.

Gold is known to be a barbarous relic and is not money as dictated by the Chairman of the Federal Reserve Bank, Ben Shalom Bernanke.

Mon, 04/16/2012 - 13:57 | 2349101 Spitzer
Spitzer's picture

I like Eric king and his site.

Tue, 04/17/2012 - 13:46 | 2352094 RafterManFMJ
RafterManFMJ's picture

If he's not capable of doing an honest day's interventions, who the Hell will hire him? Either say it loud and proud, I intervene! Or welcome to the 99%.

Mon, 04/16/2012 - 08:14 | 2348125 IToldYouSo
IToldYouSo's picture

because the facts only get in the way of stabiliteeeeeeee


Mon, 04/16/2012 - 10:11 | 2348331 Zero Govt
Zero Govt's picture

Yes but does Govt intervention provide "stability" or is it just a pear-shaped perversion of the free market finding it's own resolutions with far worse consequences for that intervention?

What is the Fed, a private bank, doing rigging Gold prices? ..and for whose benefit precisely when it wipes $billions off private portfoiios?

What is the BIS, another private/secretly owned entity, doing intervening in Gold and currency markets? Again for whose benefit??

Where are the public Minutes of the Fed and BIS decisions 'justifying' their intervention in the markets? 

Can we see the cost/benefit analysis of perverting markets?

This matrix of unelected, unaccountable private/secret 'institutions' perverting markets running roughshod over regulations stinks to high Heaven

So many questions, so little "transparency" as Bernanke would pleed he provides (cough)

Mon, 04/16/2012 - 08:13 | 2348126 i_fly_me
i_fly_me's picture

The Matrix tidying up after itself there ... nothing to see.

Mon, 04/16/2012 - 08:15 | 2348127 Robslob
Robslob's picture



Because the "original" profile was an actual copy & paste of his real job description; the "new" profile is obviously post intervention.


Damn...these guys are good?

Mon, 04/16/2012 - 08:14 | 2348128 DavidC
DavidC's picture

Naughty Tyler!


Mon, 04/16/2012 - 08:16 | 2348130 cossack55
cossack55's picture

Is the punk wearing a hoodie?

Mon, 04/16/2012 - 08:26 | 2348140 EL INDIO
EL INDIO's picture

Shit, he looks like a street thug!

Mon, 04/16/2012 - 09:32 | 2348263 Yellowhoard
Yellowhoard's picture

If Bernanke was capable of having a son,he'd look like Mikael.

Mon, 04/16/2012 - 08:17 | 2348131 apberusdisvet
apberusdisvet's picture

Hmmm.  he took the target off his back?

Mon, 04/16/2012 - 08:19 | 2348132 insanelysane
insanelysane's picture

Shadow bankers sometimes need to be reminded by management to stay in the shadows lest they meet Madame Guillotine.

Mon, 04/16/2012 - 08:21 | 2348135 Ted Baker
Ted Baker's picture


Mon, 04/16/2012 - 08:23 | 2348138 EasterBunny
EasterBunny's picture

There you go again with your mindless Swiss bashing... Do you actually think?

By the way, I am not Swiss

Mon, 04/16/2012 - 08:24 | 2348139 EL INDIO
EL INDIO's picture

Ha,  ZHed !

Mon, 04/16/2012 - 08:25 | 2348142 Silversem
Silversem's picture

Welcome to the dark side of the financial markets!! I am just a simpel footsoldier trading gold.

Mon, 04/16/2012 - 08:44 | 2348164 insanelysane
insanelysane's picture

Just a good little nazi doing the bidding of his masters.  Manipulate the markets at all costs.

Mon, 04/16/2012 - 10:09 | 2348371 goldenboy
goldenboy's picture

"trading gold'......> his job description: 'market maker...for ALL FX and gold PRODUCTS (spot,swap,options,structured products)' ...Physical Gold of course gets no place as a gold product!

Mon, 04/16/2012 - 08:34 | 2348146 Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture


Mon, 04/16/2012 - 08:41 | 2348156 GetZeeGold
GetZeeGold's picture



What country is the BIS in again?


Mon, 04/16/2012 - 08:52 | 2348183 GetZeeGold
GetZeeGold's picture



Ha.....I stumped at least one person.


Mon, 04/16/2012 - 08:46 | 2348153 Freebird
Freebird's picture

"Liquidity for big amounts" - Lol, not substantial or significant but BIG, as though the author was struggling to come to terms with the numbers ie ooooh that's big.

Mon, 04/16/2012 - 11:57 | 2348753 citta vritti
citta vritti's picture

if you have to ask how much, you can't afford it

Mon, 04/16/2012 - 08:40 | 2348154 AC_Doctor
AC_Doctor's picture

Mass arrests and executions are coming, humanity traitors!  Put this fuck on the list...

Mon, 04/16/2012 - 10:19 | 2348396 Zero Govt
Zero Govt's picture

remember all crones "just following orders" may be thrown under the bus Corzne did to his accounts clerk for following his orders

Mon, 04/16/2012 - 08:47 | 2348165 eddiebe
eddiebe's picture

I suppose it is not so surprising that Sir Alan Greenspan now resides in Switzerland.

Mon, 04/16/2012 - 10:21 | 2348405 Zero Govt
Zero Govt's picture

it's probably more his age and Davos is only a donkey ride away to the annual meeting of village idiots

Mon, 04/16/2012 - 08:47 | 2348170 gookempucky
gookempucky's picture

running low on ink ??

Mon, 04/16/2012 - 09:01 | 2348204 Kina
Kina's picture

I would suggest that Mikaël Charozé be tracked down and interviewed, but that would probably mean some bank having him

run over by a car because he knows too much.


Mikaël Charozé, - dude your cover has been blown. Try a witness protection program before they glue factory you.

Mon, 04/16/2012 - 09:08 | 2348226 citrine
citrine's picture

Dear ZH team, you just can not stop impressing us!

Mon, 04/16/2012 - 09:18 | 2348235 Central Wanker
Central Wanker's picture


Mon, 04/16/2012 - 09:28 | 2348256 Seize Mars
Seize Mars's picture

Struck a nerve, ZH.

Absolutely beyond compare.

Mon, 04/16/2012 - 10:31 | 2348415 Zero Govt
Zero Govt's picture

Yep, looks like a few BIS staffers are going to get 'promoted sideways' (sacked) giving away their BIS market manipulation roles (and policies) on a business card (Doh!)

it was probably an American Psycho moment where each BIS employee sat around a table giving their job descriptions to the printer in a bout of socipathic paranoid one-upmanship

Mon, 04/16/2012 - 09:30 | 2348259 Game of Conkers
Mon, 04/16/2012 - 09:45 | 2348297 bharat
bharat's picture

OT but relevant to us: South African mint produces underweight Krugerrands !!!

Mon, 04/16/2012 - 10:25 | 2348429 truont
truont's picture

In fact his entire profile, since our little humorous exposes, appears to have been rather completely altered.

Tyler is all over the banksters like stink on a monkey.

Mon, 04/16/2012 - 10:29 | 2348441 Herkimer Jerkimer
Herkimer Jerkimer's picture

Tyler Durden,


You are going to get a double-tap right in the yap, if you're not careful.


Keep up the great work.


Mon, 04/16/2012 - 10:45 | 2348475 earnulf
earnulf's picture

This is precisely why I read ZH.   We get the glimpse into the Monkeyshines of the primates going Apeshit in our banana republics!

Mon, 04/16/2012 - 12:36 | 2348861 Clowns on Acid
Clowns on Acid's picture

Great expose Tyler - however,

Methinks that this guy Choreze is just an execution trader. he does not "take" poisitions nor act as market - maker in all f those asset groups.

I mean c'mon...humbly I admit to you that I have been an FX market maker (forwards and options) for a large institution (more thasn 5 years ago), and there is no way one guy can be a market maker in all currencies, gold, and all derivative forms of those asset groups.

Most probably he gets buy / sell orders, with price targets form some Sorbonne trained "economist" (that use to always party with DSK). He executes the orders "smoothly" through the markets as price targets are hit.

He is a nobody....but then so are all the arsewipes giving him instructions at the BIS.


Mon, 04/16/2012 - 14:47 | 2349269 SILVERGEDDON

He is in for a world of fuck cluster thereof now. Long on hiring, bitchez. 

Mon, 04/16/2012 - 15:55 | 2349537 Born-Again Bankster
Born-Again Bankster's picture

Just like the ratings agencies in 2007...hire people in their twenties, give 'em a good title and they'll be too blinded to see what's really going on.  The TSHTF, they'll be the ones taking the heat.  Sneaky bastards.

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