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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
From Bloomberg News
via Financial Post / National Post, Toronto
Tuesday, August 4, 2026
Chinese institutional investors have swooped on gold in recent weeks, helping to arrest the precious metal's decline and keep prices above the key threshold of $4,000 an ounce.
Gold-backed exchange-traded funds in China saw 14 straight days of inflows up to Monday, the longest streak since March, according to calculations by Bloomberg. That points to a shift in sentiment in the world's biggest bullion market after war in the Middle East fueled a long stretch of outflows and price declines.
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"Interest from institutional investors has increased since gold fell to around the $4,000 level," said Steve Zhou, an analyst at Huaan Fund Management Co, which operates the country's biggest gold ETF. A selloff in China's equities markets has helped boost inflows, he said. ...
... For the remainder of the report:
* * *
U.S. Treasury Undertakes Historic Intervention in Yen Market
By Kate Duguid, Claire Jones, Katie Martin, Ian Smith, and David Keohane
Financial Times, London
Friday, July 31, 2026
The U.S. Treasury intervened in yen exchange rates on Friday, marking the first time Tokyo and Washington joined forces to support the Japanese currency via outright purchases in nearly 30 years.
The Federal Reserve Bank of New York undertook the unusual move of conducting a sale of euros to buy yen on behalf of the Treasury, according to three people familiar with the matter.
The sales were conducted through Goldman Sachs and Morgan Stanley, according to two of those people.
The Treasury had earlier told several banks on Wall Street that it was considering an intervention to support the Japanese currency, which on July 23 hit its weakest level against the dollar since 1986.
U.S. authorities were in touch with European Central Bank officials about the move, according to people familiar with the matter.
The New York Fed and Goldman Sachs declined to comment. The Treasury Department and Morgan Stanley did not immediately respond to a request for comment. ...
Atsushi Mimura, Japan's vice-minister of finance for international affairs, said: "We understand that we are receiving support from the U.S. authorities that goes beyond mere moral support. We have been in constant contact with them." ...
... For the remainder of the report:
https://www.ft.com/content/0f9b2fe7-bde4-4f5f-b49e-93ccb5da9ea8?syn-25a6b1a6=1
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
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 $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 Lee Ying Shan
CNBC, New York
Monday, August 3, 2026
Washington's decision to join Japan in supporting the battered yen has prompted questions over what motivated the rare coordinated intervention, with analysts pointing to concerns over U.S. Treasury markets and Japan's financial system.
Tokyo has grown increasingly wary of the yen's decline, which recently dropped to its weakest level against the dollar in nearly four decades. The yen had been hovering at multi-decade lows, sliding to 163.73 per dollar last Thursday before rebounding to 157.57 on Friday.
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The coordinated intervention was the first U.S.-Japan joint operation to buy yen since 1998, and the first coordinated intervention involving the two countries since the G7 acted to weaken the yen after the 2011 earthquake.
Industry veterans told CNBC that one of Washington's biggest concerns was avoiding a scenario where Japan would need to dump large quantities of Treasurys to finance unilateral intervention, given how the north Asian nation is the largest foreign holder of U.S. government debt.
Louise Loo, head of Asia economics at Oxford Economics, said this was "possibly one of the key reasons" behind U.S. participation.
"There is a self-preservation element here. Volatile markets driven by potentially fiscally-aggressive policies from Japan could extend to the U.S. Treasury markets, destabilizing the dollar."
Tokyo's and Washington's emphasis on the Federal Reserve's standing FIMA repo facility -- which allows foreign central banks to obtain dollar liquidity without selling Treasurys outright -- "was a clue that they'd like to avoid forced-selling as much as possible," she said.
Japan's Finance Ministry said Monday it plans to use the FIMA repo facility for future interventions. Masahiko Loo, senior macro strategist at State Street, said the signal "may be bigger than the intervention itself." ...
... For the remainder of the report:
https://www.cnbc.com/2026/08/03/japan-yen-intervention-us-treasurys-euros-.html
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
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 $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
7:41p ET Monday, August 3, 2026
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest is headlined "Bessent Note at Camp David Proves the End Is Night" and is posted at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/bessent-note-camp-david-proves-end-nigh
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
Wednesday-Saturday, October 28-31, 2026
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 $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 Dale Killingbeck
Cowboy State Daily, Cheyenne, Wyoming
Sunday, August2, 2026
CASPER, Wyoming -- Texas is turning to a Wyoming mint to produce its official commemorative gold and silver coins sold through its Texas Bullion Depository.
Texas is the first state to authorize official commemorative coins and the first to have its own depository for precious metals. Officials from the state were at the Scottsdale Mint recently to see the first coins stamped for 2026.
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"It's the Cowboy State alliance," said Josh Phair, CEO of the Scottsdale Mint. "It's historic. To see a state that is obviously constricted in what it can and can't do with coinage and legal-tender, this is a pretty big statement piece." ...
... For the remainder of the report:
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
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 $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
The conference will be held Wednesday through Saturday, October 28-31, 2026
* * *
Brien Lundin: Sign-ups and Sell-Outs for the New Orleans Conference
By Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Monday, August 3, 2026
Over the past few weeks I've been chronicling the many signs of a bottom forming in gold and silver.
I've noted gold's occasional jumps higher, even in the face of rising oil prices, strengthening Treasury yields, and a stronger dollar.
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I've explained gold's seasonality -- and that it usually bottoms between mid-July and mid-August.
And I've emphasized that only two factors have been holding gold back: the war with Iran and the mistaken belief that Chairman Kevin Warsh's Fed is going to embark on a rate-hiking campaign.
Importantly, I've highlighted that both of these factors are temporary.
And today I'm writing to tell you of another important indicator that much better days are ahead for gold, silver and mining stocks:
Sign-ups and sell-outs for New Orleans!
Over the past five decades, through some of the biggest bull and bear markets for gold, we've noticed that perhaps the most accurate metals market indicator has been the attendees at the New Orleans Investment Conference.
It makes sense: These are the smartest, most successful, experienced, and independent-minded investors around. When they sense a bull run in the making, they rush to the best place to take advantage of it.
That would be each year's New Orleans Conference -- because a scintillating track record posted over decades has proven that this event is the best place to be in a metals and mining bull run.
And this year's response from our attendees is screaming that another big move is on the way.
You see, our phones, emails and web orders are absolutely buzzing these days with sign-ups for New Orleans '26.
As I write we're selling the last few booths available in our exhibit hall, and attendee registrations are running far ahead of any pace we've seen in decades.
Of course, the timing is perfect, as the metals and mining sector should be rollicking by the time of this year's event. And again, everyone knows that the New Orleans Conference is THE place to be when the bull is running in this market.
But smart investors also flock to our event because of our best-in-the-world roster of experts. As I've stressed many times before, you may find two or three of our speakers at other conferences ... but you won't find 30!
Once again, our agenda is bursting at the seams with panels, presentations and workshops from dozens of today's top thought leaders, including:
Grant Williams, Doug Casey, Danielle DiMartino Booth , Brent Johnson, Dominic Frisby, Peter Boockvar, Jim Iuorio, Peter Schiff, Adrian Day, Tavi Costa, George Gammon, Russell Gray, Robert Helms, Adam Taggart, and Frank Giustra.
Also, Mark Skousen, Bob Prechter, Dave Collum, Nick Hodge, Don Durrett, Brent Cook, Lobo Tiggre, Jeff Clark, Jeff Phillips, Albert Lu, Jennifer Shaigec, Chris Powell, Kerry Stevenson, Dana Samuelson, Daniela Cambone, Rich Checkan, Gerardo Del Real, Mary Anne and Pamela Aden, Omar Ayales, and Steve Hochberg. ...
...and more, including of course yours truly!
The way things are going right now, I believe we're going to have to turn people away this year. So I urge you to click on this link --
https://neworleansconference.com/gata/
-- to learn more and lock in your place while you still can.
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
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 $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 Heejin Kim
Reuters
Monday, August 3, 2026
SEOUL -- South Korea's central bank will buy gold from local producers to diversify its sources of supply and increase its holdings of the precious metal, it said today.
The Bank of Korea said it has established a framework for domestic gold purchases with local producers, Korea Exchange and Korea Securities Depository.
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It will buy gold from domestic producers at international market prices via transactions, payment, and deposit systems of KRX and KSD, the bank said.
The purchases will have a limited impact on trading prices of gold in the country, since the bank plans to buy gold intended for exports only at contract prices, it added.
The bank said the purchases would support its management of foreign reserves. They mark the central bank's first domestic gold purchases in 13 years, according to local media reports.
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
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 $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 Matthew Burgess
Bloomberg News
Sunday, August 2, 2026
The U.S. Treasury may be using euros rather than dollars to fund its yen purchases to avoid weakening its own currency and casting doubt on its strong greenback policy, according to strategists.
At least two major U.S. banks were asked by the New York Federal Reserve to check the rate on the yen against the euro on Friday, two people familiar with the matter told Bloomberg. The New York Fed sold the shared currency to buy yen on behalf of the U.S. Treasury, the Financial Times said last week, citing people with knowledge of the matter.
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"The U.S. probably did not want to be seen selling the U.S. dollar,” said David Forrester, a senior strategist at Credit Agricole CIB in Singapore. "They maintain a strong dollar policy and they would not want to be seen trying to weaken their currency to gain a competitive advantage, which would be counter to the Group-of-20 agreement on foreign exchange." ...
... For the remainder of the report:
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
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 $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 Lachlan Brown
Space Daily, Singapore
Sunday, August 2, 2026
Every few years asteroid mining returns to the headlines as a trillion-dollar gold rush waiting to happen, usually attached to a single staggering number about how much some metal-rich rock is theoretically worth. It is a genuinely exciting idea. It is also one where the economics tend to run in the opposite direction to the pitch.
I am a writer with a long interest in this beat, not an engineer or an economist, so take this as a careful reading of the material rather than expert testimony. The short version is that the case for asteroid mining is real, but almost nothing like the version that gets sold.
... Dispatch continues below ...
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This has been tried before, with serious money behind it. In the 2010s two well-funded companies, Planetary Resources and Deep Space Industries, set out to mine asteroids and drew backing from high-profile investors.
Neither mined anything. As CNBC reported, both ran short of the money needed to cover enormous development costs and were absorbed by other companies by 2018 and 2019, one of them pivoting to blockchain. The lesson was not that the resources are not there. It was that the timelines are long, the capital required is vast, and investors ran out of patience long before anyone reached an asteroid. ...
... For the remainder of the report:
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
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 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
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