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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 Alasdair Macleod
GoldMoney, Toronto
Friday, May 15, 2026
The febrile condition of all asset markets headed by rising G7 bond yields is leading to uncertainty for gold and silver prices. One last sell-off is a golden opportunity for stackers.
For the first half of this week, gold and particularly silver prices rose before being hammered yesterday and this morning. In overnight Asian trade, gold was $4582, down $95 from last Friday's close, and silver at $79.20 was down $1.00. A 16,556 jump in gold's preliminary open interest on Comex yesterday suggests active shorting by hedge funds, while open interest in silver declined by 2,270 confirming that it was gold/$ pair traders in action.
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While preliminary open interest figures see some revision before being final, this selling when gold's contract is already oversold is consistent with a final sell-off. The swaps, being mainly market makers and bullion bank trading desks which take the short side will be delighted, because they know from the quality of buying both in New York and London that they must try to achieve and maintain level books. ...
... For the remainder of the analysis:
https://www.goldmoney.com/research/inflation-undermines-all-asset-values
* * *
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 $500 or more 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 Godwin Oluponmile
Forbes, New York
via AP MoneyWise, New York
Gold has had one of the greatest two-year runs in its history and the man who saw it coming says it's just getting started.
Eric Sprott, 81, was at his vacation rental in San Jose, Costa Rica, in late January when Forbes checked in with him. This was right around the same time that silver had hit its all-time high of $100 an ounce, and Sprott wasn't impressed.
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"I'm not a geologist. I know nothing about rocks, but I know about numbers. ... If the reward's a big reward I can afford to lose," he told Forbes. "I think the prices are going much higher. I think silver can easily go to $200, even $300. I think gold could go to $10,000."
Days later silver dropped to $76 and gold had pulled back below $5,000, but Sprott was still unfazed.
Such equanimity is easier when you've spent four decades being right about precious metals. Eric Sprott doesn't claim to be a geologist, even after decades of success in the mining sector. When asked how he finds the next billion-dollar play, he keeps it simple: "Numbers took me there -- numbers. You don't have to be a geologist." ...
... For the remainder of the report:
https://finance.yahoo.com/markets/commodities/articles/billionaire-eric-sprott-put-98-141500805.html
* * *
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 $500 or more 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 Andrew Willis
The Globe and Mail, Toronto
Wednesday, May 13, 2026
https://www.theglobeandmail.com/business/industry-news/energy-and-resources/article-equinox-gold-bids-for-orla-gold/
Equinox Gold Corp. is bidding to join the ranks of North America's largest gold producers with an all-stock, C$7 billion offer for Orla Mining Ltd. pitched with zero takeover premium.
Equinox is offering to buy Orla gold properties in Ontario, Nevada, Mexico, and Panama by swapping one of its own shares and a nominal amount of cash for each Orla share. Equinox owns mines in Ontario and Newfoundland and would become the country's second-largest gold producer, behind Agnico Eagle Mines Ltd., if the deal is approved.
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Two of Orla's largest shareholders, financier Pierre Lassonde and Fairfax Financial Holdings Ltd., and the company's executives and directors pledged to vote their 20% holding in favour of the Equinox offer.
"Today is an incredibly exciting day for both Equinox and Orla shareholders as we announce a business combination that creates a senior North American gold producer," Equinox chief executive officer Darren Hall said. ...
... For the remainder of the report:
* * *
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 $500 or more 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 Ross Norman
Metals Daily, London
Wednesday, May 13, 2026
The word I'm looking for is "contronym" -- a term that can mean its own opposite -- and it may be an apt description of gold right now. News that India has raised import duties on gold and silver from 6% to 15% is bullish and bearish at the same time.
We are now seeing second-order consequences of the Iran war manifest. India is particularly exposed to energy costs from what used to be called the Middle East, a region increasingly framed as East Asia -- literally a matter of perspective, but I digress.
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India is interesting because there are many layers to the motivations for owning gold: weddings, festivals, reliable savings, culture and fashion, and conspicuous displays of wealth. At its core, however, gold is an asset of last resort -- and Indians know that.
So when the government takes an action like this -- effectively burning the lifeboats to keep warm -- you know there is a real problem. There is a whiff of a real panic about this ... and that makes it good and bad for gold simultaneously. ...
... For the remainder of the commentary:
https://www.metalsdaily.com/archive/ross-norman-india-panics-burns-the-golden-lifeboat/384324
* * *
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 $500 or more 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 Mari Kanagy
Anchorage Daily News
Wednesday, May 13, 2026
JUNEAU -- The Alaska Legislature passed a bill Tuesday to establish gold and silver currencies as legal tender and exempt them from sales taxes.
The bill passed the House unanimously last week, and passed the Senate 19-1 on Tuesday.
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The legislation applies specifically to specie -- gold-backed currencies, gold and silver coins, and bullion stamped with their metal content. It would not apply to metal bars or nuggets, which aren't considered currency.
The bill's sponsor, Big Lake Republican Rep. Kevin McCabe, says the bill is intended to solidify "financial freedom of choice," as it allows stores and other entities to accept specie as tender but does not require that they must.
McCabe said he sees the bill as a way to incentivize saving, where savers "store the value in their safe" as precious metal instead of cash, a strategy viewed as a hedge against inflation. ...
... For the remainder of the report:
* * *
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 US$500 or more 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 Rajendra Jadhav, Aditya Kalra, and Mayank Bhardwaj
Reuters
Tuesday, May 12, 2026
NEW DELHI -- India has raised import tariffs on gold and silver to 15% from 6%, government orders said, as part of efforts to curb overseas purchases of the metals and ease pressure on the country's foreign exchange reserves.
The higher duties could dampen demand in the world's second-largest consumer of precious metals, although they may help narrow India's trade deficit and support the rupee, one of Asia's worst-performing currencies.
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However, industry officials warned higher import taxes could revive smuggling, which had eased after India cut tariffs in mid-2024.
The government has imposed a 10% basic customs duty and a 5% Agriculture Infrastructure and Development Cess on gold and silver imports, taking the effective import tax to 15% from 6%. ...
... For the remainder of the report:
* * *
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 $500 or more 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 Rajendra Jadhav
Reuters
Tuesday, May 12, 2026
MUMBAI -- Indian banks have resumed gold and silver imports after a hiatus that stretched for more than a month by agreeing to pay a 3% customs levy that earlier prompted lenders to halt shipments, trade and government sources told Reuters.
The resumption is expected to boost the country's gold imports, widen the trade deficit, and put more pressure on the rupee, which is among Asia's worst-performing currencies this year.
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Worried about mounting pressure on India's balance of payments and the rupee, Prime Minister Narendra Modi on Sunday urged people to avoid buying gold for a year to help preserve the country's foreign exchange reserves.
Stronger demand from India, the world's second-largest gold buyer after China, could also support global gold and silver prices and help local jewellers replenish their inventories.
"We paid a 3% integrated goods and services tax at customs to clear gold and silver shipments," said the head of the bullion desk at a Mumbai-based private bank. ...
... For the remainder of the report:
* * *
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 $500 or more 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
1:25p ET Tuesday, May 12, 2026
Dear Friend of GATA and Gold:
GoldCore's Jan Skoyles today notes the Indian government's hypocrisy in telling its people not to buy gold even as the Reserve Bank of India increasingly holds gold as a superior form of money, as the money issued by the reserve bank, the rupee, is quickly losing value, and as other central banks steadily have been acquiring more gold as well.
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Apart from the government's hypocrisy, there is much irony here as well. There is more gold in the hands of ordinary people in India -- an estimated 35,000 tonnes, worth about $4 trillion -- than is held by any other country. So if India ever gave up on the rupee and recognized gold as the country's primary currency, giving up also on the government's long campaign against gold, India quickly might transform itself from a poor developing country into the world's richest.
But then the government would be less able to order people about in their daily lives.
Skoyles' commentary is not quite 9 minutes long and can be viewed at the GoldCore channel at YouTube here:
https://www.youtube.com/watch?v=_KLDzMTEmEU
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]
* * *
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 $500 or more 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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