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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.
Latest News
By Ishaan Arora and Brijesh Patel
Reuters
Monday, September 1, 2025
Gold hit a more than four-month high today to trade around $23 shy of all-time highs, buoyed by U.S. Federal Reserve rate cut bets and a softer dollar, while silver breached $40 per ounce for the first time since 2011.
Spot gold was up 0.9% at $3,477.56 per ounce by 9:37 a.m. ET, its highest since April 22 when it touched a record-high of $3,500.05. U.S. gold futures for December delivery gained 0.9% to $3,547.70.
... Dispatch continues below ...
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Spot silver jumped 2.6% to $40.69 per ounce, its highest since September 2011.
The U.S. markets are closed today for the Labor Day holiday.
The U.S. dollar was trading near its lowest since July 28 against a basket of currencies, making dollar-priced gold cheaper for overseas buyers.
"Gold, and especially silver, extended Friday's strong gains, supported by sticky U.S. inflation, weakening consumer sentiment, (expected) rate cuts ... and concerns over Fed independence," Saxo Bank's head of commodity strategy, Ole Hansen, said. ...
... For the remainder of the report:
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
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:
To contribute to GATA, please visit:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
By Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Thursday, August 28, 2025
For the first time since 1996, foreign central banks hold more gold than U.S. Treasuries as the world continues to de-dollarize.
Crescat Capital macro strategist Tavi Costa highlighted the crossover moment in a post on X, saying it is "likely the beginning of the most significant global rebalancings we've experienced in recent history."
... Dispatch continues below ...
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Central banks have been aggressively adding gold to their reserves over the last three years.
Last year was the third-largest expansion of central bank gold reserves on record, coming in just 6.2 tonnes lower than in 2023 and 91 tonnes lower than the all-time high set in 2022 (1,136 tonnes). 2022 was the highest level of net purchases on record, dating back to 1950, including since the suspension of dollar convertibility into gold in 1971. ...
... For the remainder of the report:
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
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:
To contribute to GATA, please visit:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
By Alasdair Macleod
GoldMoney, Toronto
Friday, August 29, 2025
Gold and silver are ready to break into new highs as investors increasingly lose faith in the dollar. Bear squeezes in gold and silver are now driving prices, which look set to move higher.
For decades the expansion of artificial supply in the form of paper derivatives has been used to keep gold and silver prices subdued. Could it be that this is beginning to be reversed, as gold leasing declines and the shortage of physical supply, particularly of silver, begins to bite? And could this be compounded as evidence mounts of debt traps being sprung on G7 governments in the major currencies, leading to an escalating loss of faith in their values? ...
... For the remainder of the analysis:
https://www.goldmoney.com/research/preparing-for-liftoff
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Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
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:
To contribute to GATA, please visit:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
By James Turk
Free Market Gold and Money Report
Thursday, August 28, 2025
The U.S. dollar is not what most people think it is. There are a constitutional dollar (C$) and a Federal Reserve dollar (F$). The former is money; the latter is a money substitute circulating in place of money. They are fundamentally distinct with different definitions.
Many modern economists struggle to define money. Often beginning with an historical overview of the concept of moneyness, they generally end by describing the functions of money. What money "does" is not a definition of what money "is."
... Dispatch continues below ...
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Throughout history money has always been defined as a specific weight of gold or silver. In colonial America a silver coin called the "dollar" circulated widely, and after the War for Independence, "he ‘dollar" as the then prevailing common currency was used in the Constitution.
The original intent of this venerable document is today generally misunderstood or ignored, which is unfortunate because it has led to the willful abandonment of constitutional money by politicians and the courts.
That result has been accepted by the general population out of ignorance or apathy to their detriment, as evidenced by the scourges of inflation, rising taxes, bank failures, burdensome regulations, and the soaring national debt, all of which plague economic activity. ...
... For the remainder of the commentary:
https://www.fgmr.com/money-of-the-american-constitution/
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
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:
To contribute to GATA, please visit:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
9:38a ET Thursday, August 28, 2025
Dear Friend of GATA and Gold:
GATA long has been reading the daily market letter from our old friend Michael J. Ballanger in Canada, a letter that concentrates on the mining industry but often has a wider focus and, unlike most financial letters, acknowledges market manipulation. Your secretary/treasurer thinks it's a great letter and as you'll see below, Ballanger now is taking new subscribers again and is offering a substantial subscription fee discount to GATA supporters.
I think you'll enjoy it and find it profitable.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Thursday, August 28, 2025
Dear GATA Family:
I started my career as a commentator on the precious metals markets shortly after I befriended GATA founders Bill Murphy and Chris Powell in 2007. I have stayed in touch with them over the past 18 years and we remain great friends. I think they should be inducted into the Canadian Mining Hall of Fame for their work showcasing the criminal workings of the bullion banks and their linkage to the central banking cartel.
... Dispatch continues below ...
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I am re-opening my service -- the GGM Advisory -- to new subscribers after a two-year hiatus and am welcoming all members of the GATA family to subscribe.
The annual fee of US$499 will be discounted for GATA supporters to US$299.
In a nutshell, the GGM Advisory service is me. Its email alerts come every morning and are filled with actionable ideas, albeit sometimes included with ramblings about my dog or deliverymen incapable of speaking English, but always relevant.
A recent letter can be viewed at GATA's internet site here:
https://www.gata.org/sites/default/files/GGM-Advisory-Letter-08-20-2025.pdf
If you have interest, please email me at:
Warmest regards,
Michael J. Ballanger
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
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:
To contribute to GATA, please visit:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
By Ambrose Evans-Pritchard
The Telegraph, London
via Yahoo News, Sunnyvale, California
The U.S. Federal Reserve must henceforth be considered the personal political agency of Donald Trump. America's monetary credibility has been utterly trashed.
The world's superpower central bank will set interest rates at his whim, much like the Turkish central bank under the Erdogan regime.
... Dispatch continues below ...
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Markets must now assume that Trump will compel the Fed to soak up America's exorbitant debt issuance and hold down long-term interests by a form of de-facto yield curve control.
They must also assume that Trump will force the Fed to press the pedal to the floor and slash interest rates far below the natural Wicksellian rate until the midterm elections are safely out of the way next year. ...
... For the remainder of the commentary:
https://uk.news.yahoo.com/trump-bully-fed-t-bully-132417903.html
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
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:
To contribute to GATA, please visit:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
By Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Wednesday, August 27, 2025
The establishment financial media is in a tizzy this week over President Trump's firing of Fed Governor Lisa Cook, a Biden appointee accused of mortgage fraud. They complain that this firing is an assault on the Fed's independence.
In reality, though, the notion of "Fed independence" is a myth.
... Dispatch continues below ...
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Most recently the Fed played politics last year by slashing rates to stimulate the economy heading into a tough presidential election for the incumbent Democrats.
And the Fed suddenly got stingy as soon as Trump got elected -- halting rate cuts for almost a year so far.
But here's the big picture.
The Federal Reserve is an inherently political institution -- not only because the seven members of its Board of Governors are appointed by the president with Senate confirmation, but also because America's entire monetary system is political in nature.
We no longer have sound money backed by gold but political money, where policymakers centrally plan the economy via market interventions -- including changes to monetary policy.
By design the Fed engages in price-fixing activity by setting the price of money (i.e., interest rates) -- and it bails out the federal government by funding its debt when market participants will not.
Since the Federal Reserve was launched in 1913, the value of the currency has plunged 99%. ...
... For the remainder of the commentary:
https://www.moneymetals.com/news/2025/08/27/gold-and-the-myth-of-fed-independence-004297
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
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:
To contribute to GATA, please visit:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
By Myra P. Saefong
MarketWatch, New York
Tuesday, August 26, 2025
President Donald Trump made a move to fire a member of the Federal Reserve's Board of Governors, potentially undermining confidence in the U.S. dollar and Treasury bonds -- and boosting the appeal of gold and other assets perceived as safe havens.
"The Fed's independence is its calling card, and the move to fire a governor is a direct assault on the Fed's ability to manage monetary policy free of political motives," said James St. Aubin, chief investment officer of Ocean Park Asset Management.
... Dispatch continues below ...
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"When you start to erode faith in monetary policy for the world's reserve currency, you are playing with fire," he told MarketWatch. "If the market believes the Fed is making policy in reaction to direct political influence, U.S. assets will become less attractive." ...
Stefan Gleason, president and chief executive at Money Metals, told MarketWatch that the notion of Fed independence is a "myth."
The Fed is "an inherently political institution, not only because the Board of Governors is appointed by the president with Senate confirmation, but our entire monetary system is now political in nature," he said. "We no longer have sound money backed by gold, but political money, where policymakers centrally plan the economy via changes to monetary policy."
That won’t stop some investors, however, from clamoring for alternatives if trust in the Fed is broken, risks to the U.S. dollar and bonds rise, and inflation climbs.
Traditionally, higher inflation has been hedged by real assets -- commodities, including gold, oil, and industrial metals, said BNY's Robert Savage.
Gold just might top that list. "Gold would be the safe haven of choice" for investors if the Fed were ever to lose its independence, said Chris Gannatti, global head of research at WisdomTree, which sees any threat to Fed independence as a "powerful catalyst for gold demand." ...
... For the remainder of the report:
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
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:
To contribute to GATA, please visit:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
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