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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, July 18, 2025
Silver swaps are facing a short squeeze in poor liquidity, with lease rates on the September Comex contract at over 5%. Gold continues to consolidate in a bullish pennant formation.
This week gold continued its consolidation, while silver squeezed higher from Wednesday onwards. In European trade this morning, gold was $3350, down a paltry $5 from last Friday’s close. Silver was $38.35, barely changed on balance.
... Dispatch continues below ...
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As our headline chart shows --
https://gm-media-library.s3.eu-west-1.amazonaws.com/image_bc673f4795.png
-- silver is now outperforming gold, up 32% v gold up 27% this year so far. Will it continue?
I think the answer is yes.
Silver has underperformed gold over the last decade, culminating in a gold/silver ratio of 121 in March 2021. That has come down substantially, but at 87 is still too high for a metal that is in growing supply deficit. ...
... For the remainder of the analysis:
https://www.goldmoney.com/research/silver-leads-the-way-higher
* * *
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 Stefania Spezzati, Jesus Aguado, and Lawrence White
Reuters
Friday, July 18, 2025
LONDON -- The Bank of England has asked some lenders to test their resilience to potential U.S. dollar shocks, three sources said, the latest sign of how the Trump administration's policies are eroding trust in the U.S. as a bedrock of financial stability.
As the leading currency for global trade and capital flows, the U.S. dollar is the lifeblood of global finance.
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However, President Donald Trump's break from long-standing U.S. policy in areas such as free trade and defence has forced policymakers to consider whether the emergency provision of dollars in times of financial stress can still be relied on.
While the U.S. Federal Reserve has said that the central bank wants to continue to make dollars available in the financial system, Trump's policy shifts have prompted European allies to reexamine their dependence on Washington. ...
... 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/
* * *
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 Stuart Englert
StuartEnglert.substack.com
Thursday, July 17, 2025
When it comes to money, two kinds of people exist: spenders and savers.
Precious metal stackers are in a league of their own. They're the most farsighted, knowledgeable, and patient of savers.
... Dispatch continues below ...
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While most everyone shares traits of both spenders and savers, tendencies toward one or the other dominate, and unfortunately profligate spenders and perpetual debtors are confined to a lifetime of burdens, misery and stress unless they experience a great financial awakening and transformation.
Those who spend all of their wages before they earn them are extreme spenders. Like many Americans, they live for today, borrow from the future, subsist paycheck to paycheck, and never let a dollar burn a hole in their pockets. ...
... For the remainder of the commentary:
https://stuartenglert.substack.com/p/bullion-stackers-are-the-ultimate
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/
* * *
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
And somehow The Washington Post has noticed.
* * *
By Shannon Najmabadi
The Washington Post
via MSN News, Redmond, Washington
Thursday, July 17, 2025
Imagine you're in the supermarket checkout line. The cashier scans and bags your groceries as usual, then offers you a new way to pay: "Cash, card ... or gold?"
The scenario may sound far-fetched. But people in Missouri, Texas, and other states will be able to buy household items with gold and silver under a series of new laws that treat precious metals like currency.
... Dispatch continues below ...
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Supporters of the measures -- among dozens of gold- and silver-related bills considered by states this year -- don't envision people pulling out gold coins and bullion bars at the cash register and don't require that retailers accept gold as payment. The bipartisan laws are instead designed to make it easier and cheaper for people to spend their gold investments -- including by allowing officials to set up electronic payment platforms and by challenging the federal capital gains tax on precious metals.
... 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/
* * *
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 Jevans Nyabiage
South China Morning Post, Hong Kong
Wednesday, July 16, 2025
China appears to be positioning Africa as a testing ground for internationalisation of the yuan as it seeks to expand the currency’s global use and break the dominance of the U.S. dollar.
During a recent meeting in Cairo, the central banks of China and Egypt signed a series of agreements to promote the use of the yuan in trade and investment. These deals -- lauded by People's Bank of China Governor Pan Gongsheng as a key step in advancing economic ties -- were signed last week during Chinese Premier Li Qiang's visit to Egypt.
... Dispatch continues below ...
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They will explore a currency swap as well as panda bonds in yuan issued by overseas companies in mainland markets.
The deals also cover cooperation on electronic payments, including expanding China's UnionPay services and facilitating cross-border business in yuan for banks in the China-Egypt TEDA Suez Economic and Trade Cooperation Zone near the city of Suez. That will be done via local currency settlements made through the Cross-Border Interbank Payment System, or CIPS -- China's alternative to the SWIFT international payment network. ...
... 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/
* * *
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
Thursday, July 17, 2025
China's central bank has been buying physical gold to add to its reserves for at least the past three years -- and there's growing speculation that the country may be purchasing even more of the metal in secret as part of a strategy to reduce its reliance on the U.S. dollar.
The ramp-up in gold purchases by the People's Bank of China began back in 2022 when Russia invaded Ukraine, Jan Nieuwenhuijs, gold analyst at Money Metals, told MarketWatch.
... Dispatch continues below ...
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The West at the time froze Russia's foreign-exchange reserves -- the U.S. dollar and euro. That was the "moment the dollar was weaponized in a way never seen before, which scared foreign central banks and spurred them to buy record amounts of gold," he told MarketWatch.
In 2022 the PBoC reported the first increase in its gold reserves since September 2019, according to the World Gold Council. But that does not mean the central bank made no purchases of the precious metal for its reserve between those periods. That's because getting accurate data from China is widely known to be a challenge, as its government is known for its secrecy.
"Given how much gold it's buying, it's quite sensible for China to limit public disclosures where possible," said Stefan Gleason, president and chief executive at Money Metals. "After all, it's not in the interest of any bona-fide buyer to take actions that make its purchases more expensive than they need to be." ...
... For the remainder of the report:
* * *
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/
* * *
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 Brien Lundin
Gold Newsletter / Golden Opportunities
New Orleans Investment Conference
Wednesday, July 16, 2025
This year's New Orleans Investment Conference is coming up quickly -- and the excitement over the metals and mining markets adds more urgency than usual for those hoping to attend.
Our registrations for this year are already well ahead of anything we've seen for many years, and I expect a bustling crowd that could eat up our entire hotel room block.
... Dispatch continues below ...
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Everyone seems to understand that the most rewarding place to be in a metals and mining bull market is the New Orleans Conference -- something that has been driven home time and again over the last five decades.
Adding to the allure of this year's event is another stellar speaker roster. It's still evolving, but so far we’ve lined up:
-- Matt Taibbi, Rick Rule, Danielle DiMartino Booth, Brent Johnson, George Gammon, Peter Boockvar, Jim Iuorio, Dave Collum, Peter Schiff, Adrian Day, Adam Taggart, Robert Prechter, Robert Helms, and Russ Gray.
Also:
-- Mark Skousen, Lobo Tiggre, Nick Hodge, Brent Cook, Chris Powell, Dana Samuelson, Rich Checkan, Thom Calandra, Mary Anne and Pamela Aden, Omar Ayales, Bill Murphy, Gerardo Del Real, Steve Hochberg, Albert Lu, Lindsay Hall, Andy Schectman, and many more, including yours truly.
The New Orleans Conference is always the investment event of the year. But considering that this is a generational opportunity in metals and miners, this is the most exciting moment we have seen for the sector in decades.
New Orleans will be the place to be and, as always, you've got our satisfaction guarantee backing up your decision to attend. If you're not satisfied that the value we offer is worth many times your costs to attend, we'll refund every cent of your registration fee. No questions asked.
But over the decades that we've offered this guarantee, I can count on one hand the number of times we have refunded anyone's fee.
That's because we strive to deliver far more value, more bottom-line return on investment than any other event.
And thousands of returning investors over the years attest that we deliver that value.
Again, this is a special year, and registrations could swamp our hotel room block. I strongly recommend that you act now to secure your place by clicking on this link --
-- or calling us toll-free at 800-648-8411.
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/
* * *
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 Jacob Lorinc and Paula Sambo
Bloomberg News
Tuesday, July 15, 2025
Barrick Mining Corp. is in advanced talks to sell its last Canadian gold mine to Discovery Silver Corp., according to people familiar with the matter, as the firms seek to capitalize on the soaring price of the precious metal.
Discovery Silver is in the final stages of a process Barrick launched in April to sell the Hemlo gold mine in Ontario, according to the people, who asked not to be named.
... Dispatch continues below ...
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There's no certainty the deliberations will lead to a transaction, the people said.
Barrick and Discovery, both based in Toronto, did not immediately respond to requests for comment. ...
... 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 $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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