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GATA - Gold Anti-Trust Action Committee
Manchester, Conn.

The Gold Anti-Trust Action Committee was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. The committee arose from essays by Bill Murphy, a financial commentator, and by Chris Powell, a newspaper editor in Connecticut, published at Murphy’s Internet site, www.lemetropolecafe.com.

GATA - Gold Anti-Trust Action Committee is not verified as a 501(c)3 organization.

Latest News

Jun 23, 2018

10:40a ET Saturday, June 29, 2018

Dear Friend of GATA and Gold:

Mining entrepreneur Eric Sprott, in his weekly interview with the TF Metals Report's Craig Hemke for Sprott Money News, praises GATA for pressing the U.S. Treasury Department's comptroller of the currency for an explanation of the explosive use by bullion banks of the emergency "exchange for physicals" procedure for settling Comex gold and silver futures contracts.

(See: http://www.gata.org/node/18303.)

Sprott also:

-- Condemns the bullion banks for manipulating the gold and silver futures markets to destroy the value of the options they had sold to their own customers.

... Dispatch continues below ...



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-- Says it seems unlikely that the Comex has much if any gold available for delivery.

-- Notes that governments increasingly are exchanging currencies for physical gold, considering the monetary metal a better store of value.

-- And muses on the monetary metals mining industry's failure to complain about market manipulation.

The interview is 11 minutes long and can be heard at Sprott Money here:

https://www.sprottmoney.com/Blog/eric-sprott-on-global-demand-for-physic...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
https://neworleansconference.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Jun 23, 2018

By Danielle Bochove
Bloomberg News
Friday, June 22, 2018

Billionaire hedge-fund manager John Paulson is among investors pushing for Canadian miner Detour Gold Corp. to put itself up for sale, citing stock losses amid managerial missteps.

In a letter to the Toronto-based company's board, Paulson & Co. said directors had "failed to recruit and oversee a management team capable of operating the Detour Lake mine in a manner that delivers returns to shareholders." The letter, a copy of which was obtained by Bloomberg, was signed by John Paulson and Marcelo Kim, a partner at the firm.

... Dispatch continues below ...



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Paulson & Co., whose $9 billion in assets includes a 5.4 percent stake in Detour, wants the board to explore all strategic alternatives, including a sale. Those sentiments were echoed by other shareholders, including Franklin Templeton, Mackenzie Investments, Tocqueville Asset Management, and VanEck. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-06-22/paulson-urges-underpe...

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
https://neworleansconference.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Jun 23, 2018

8:32p ET Friday, June 22, 2018

Dear Friend of GATA and Gold:

A former currency trader for a major international bank, David Brady, founder of GlobalProTraders.com, writes today at Sprott Money that manipulation of the gold and silver markets by bullion banks at the behest of central banks "has become so obvious that it's predictable."

Brady claims to have made 500 percent on his money overnight in shorting silver a week ago Friday because the preparations of the bullion banks for a smashdown in the futures market were so clear.

... Dispatch continues below ...



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Brady describes the indications of a smashdown but cautions that "manipulation has an expiration date, as demonstrated in the 2000s and 1970s in particular. They cannot stop metal prices going up forever, and you want to be around for when gold and silver soar next.

"They are the most undervalued assets out there today. Plus, I follow the smart money. And China, Russia, and JPMorgan have been loading up on physical metals for years now. Central banks around the world are also repatriating their gold from the United States in preparation for some major event to come. I want to be long too when that event occurs."

Brady concludes: "Manipulation in metals is undeniable. It has become so chronic that it is now obvious and therefore predictable. Unfortunately, it can temporarily undermine or render traditional analytical tools as useless. You need to be aware of this to protect yourself when it is about to happen again, because it will."

Brady's analysis is headlined "Manipulation of Gold and Silver" and it's posted at Sprott Money here:

https://www.sprottmoney.com/Blog/manipulation-of-gold-silver.html

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
https://neworleansconference.com/

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Jun 22, 2018

5:30p ET Friday, June 22, 2018

Dear Friend of GATA and Gold:

London metals trader Andrew Maquire, interviewed today by King World News, says Swiss gold kilobar refiners are booked for full production through July and likely soon will be fully booked through August as well. The Swiss refiners, Maguire says, tell him that gold demand has not been this strong since 2013. Maquire's interview is excerpted at KWN here:

https://kingworldnews.com/whistleblower-andrew-maguire-all-swiss-gold-ki...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]



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Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
https://neworleansconference.com/

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Jun 21, 2018

11:06a ET Thursday, June 21, 2018

Dear Friend of GATA and Gold:

Interviewed this week by Greg Hunter of USAWatchdog, the TF Metals Report's Craig Hemke argues that the Federal Reserve will not be able to raise interest rates substantially without crashing the U.S. economy.

Hemke also notes indications that governments are propping up the share price of Deutsche Bank to prevent a financial panic, discusses the inability of the fractional-reserve gold banking system to deliver metal, and anticipates the gold market's return to a cash-on-the-barrelhead system.

The interview is a half-hour long and can be viewed at YouTube here:

https://www.youtube.com/watch?v=L5tdGmyVjtk

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]


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Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
https://neworleansconference.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Jun 21, 2018

By Kadhim Shubber, Martin Arnold, and Olaf Storbeck
Financial Times, London
Wednesday, June 20, 2018

Deutsche Bank will pay $205 million for violations of New York banking law stemming from its foreign exchange trading business, in the latest rap on the knuckles from U.S. authorities for Germany's biggest bank.

The fine from the New York Department of Financial Services comes after the regulator found "improper, unsafe, and unsound conduct" in the German bank's foreign exchange business between 2007 and 2013, when it was the world's largest forex dealer.

... Dispatch continues below ...



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"Due to Deutsche Bank's lax oversight in its foreign exchange business, including in some instances supervisors engaging in improper activity, certain traders and salespeople repeatedly abused the trust of their customers and violated New York State law over the course of many years," said Maria Vullo, financial services superintendent, in a statement today. ...

... For the remainder of the report:

https://www.ft.com/content/0a27973c-749c-11e8-b6ad-3823e4384287

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
https://neworleansconference.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Jun 21, 2018

8:03p ET Wednesday, June 20, 2018

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, writing for Sprott Money, reports tonight that more gold and silver delivery obligations were transferred off the New York Commodities Exchange during Friday's smashdown than could possibly be delivered as use of the fraudulent "exchange for physicals" mechanism exploded.

"What," Hemke writes, "should an intelligent investor do? Once one recognizes the terminal fallacies of the current system, its inevitable downfall becomes obvious. To prepare for this eventuality one must simply acquire some physical metal, take delivery, and put it somewhere safe and handy. Do not under any circumstances accept paper warehouse receipts or the promissory notes of unallocated accounts. Leave those for the bankers and their clients."

Hemke's analysis is headlned "More on Comex 'Exchanges for Paper'" and it's posted at Sprott Money here:

https://www.sprottmoney.com/Blog/more-on-comex-exchanges-for-paper.html

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]



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Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
https://neworleansconference.com/

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Jun 20, 2018

By Natasha Doff
Bloomberg News
Wednesday, June 20, 2018

Russia is rethinking what counts as a haven asset as it duels with the U.S.

Although investors usually seek safety in U.S. debt, Russia cut its holdings of Treasuries nearly in half in April as Washington slapped the harshest sanctions to date on a selection of Russian companies and individuals. In a shift Danske Bank A/S attributed to a deepening "geopolitical standoff," Russia is instead keeping up its purchases of gold.

... Dispatch continues below ...



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"Some people ask whether the Russian central bank sold them to support the ruble in April, but it's about changing allocation as reserves continue to grow," said Vladimir Miklashevsky, a senior economist at Danske Bank in Helsinki. "Rising U.S. yields have fueled the sell-off."

Russia sold $47.4 billion of Treasuries in April, more than any other major foreign holder of the U.S. securities, even as its reserves grew on the back of rising oil prices. Its stockpile of $48.7 billion is down from a 2010 peak of over $176 billion, ranking it only 22nd worldwide, according to data released Friday.

By contrast, the central bank keeps adding to its gold hoard, bringing the share of bullion in its international reserves to the highest of President Vladimir Putin's 18 years in power. The Bank of Russia said on Wednesday that its holdings of gold rose by 1 percent in May to 62 million troy ounces, valuing them at $80.5 billion. In May, Governor Elvira Nabiullina said gold purchases help diversify reserves. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-06-20/russia-dumps-treasuri...

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
https://neworleansconference.com/

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16