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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
5:40p ET Friday, July 4, 2025
Dear Friend of GATA and Gold:
JPMorganChase and Citibank and the only two bullion banks with long-term short exposure in the gold market and are trading for the Federal Reserve, London metals trader Andrew Maguire tells the TF Metals Report's Craig Hemke on this week's edition of Kinesis Money's "Live from the Vault" program.
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They discuss how the physical market in the monetary metals is starting to displace the derivatives market, whose prices remain below the prices for delivery of real metal.
Hemke says the derivatives system of price suppression is collapsing just as its predecessor, the London Gold Pool, did in 1968.
The program is an hour and five minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=6kWttRzT1XY
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:
* * *
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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:
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By Alasdair Macleod
GoldMoney, Toronto
Friday, July 4, 2025
It’s been a spectacular 2025 for precious metals so far. Will it continue into H2? With fiat currencies losing credibility, the answer is a resounding yes.
In quiet trading during a week foreshortened by U.S. Independence Day, gold has held up well, while silver has been squeezed higher. In European trading this morning, gold was $3,340, up $65 from last Friday's close, and silver at $36.80 was up 86 cents.
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Monday was the last trading session of the first half of this calendar year, and precious metals have beaten the socks off all other investment categories. Platinum is up 47%, palladium 24%, gold 23%, and silver 22.7%. Even copper, previously recognized as monetary in coinage, was up 21%. ...
... For the remainder of the analysis:
https://www.goldmoney.com/research/first-half-2025-pms-summary
* * *
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
Friday, July 4, 2025
If you want a pocketbook example of how far the United States has strayed from the supreme law of the land, look no further than the nation's money.
Today's dollar is nothing like it was intended when the U.S. Constitution was written and ratified nearly 240 years ago.
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"No state shall ... make any thing but gold and silver coin a tender in payment of debts," reads Article I, Section 10, Clause 1, known as the contract clause.
Repeatedly circumvented and undermined by subordinate federal and state statutes, the constitutional provision has been disregarded, negated, and violated almost since the ink was dry on the now faded yet foundational legal document. Not surprisingly, many of the details and directives in the nation's highest law remain a mystery to many elected officials.
Most state legislators "have never read the Constitution or heard of sound money," said Jp Cortex, executive director of the Charlotte, N.C.-based Sound Money Defense League. "Only one or two in every state understand monetary history." ...
... For the remainder of the commentary:
https://stuartenglert.substack.com/p/incremental-steps-toward-sound-money
* * *
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 Cao Li
South China Morning Post, Hong Kong
Thursday, July 3, 2025
Affluent investors in Hong Kong have nearly tripled their allocation to gold amid economic and geopolitical uncertainties, according to an HSBC survey.
Individual investors in the city with US$100,000 to US$2 million in investible assets had allocated 11% of their portfolios to gold and other precious metals, up from 4% a year ago, according to the survey, published Thursday.
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On the mainland, wealthy investors had increased their gold holdings to 15%, compared with 7% a year earlier.
The trend mirrors that of their global peers, with their share of investments in gold rising by 6% to 11% over the past year. ...
... Dispatch continues below ...
* * *
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 Harrison Brooks
AInvest, New York
Friday, July 4, 2025
The U.S. federal government's push to secure domestic supplies of critical minerals like copper and rhenium has reached a pivotal moment. Northern Dynasty Minerals, the company behind the controversial Pebble Project in Alaska, is now in advanced negotiations with the Environmental Protection Agency to resolve a 2023 veto of the mine.
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The outcome could reshape the landscape of U.S. resource independence and open a path to one of the world's largest undeveloped copper deposits.
As of June 2025, Northern Dynasty and the EPA are racing to finalize a settlement by July 17, 2025, after requesting a 14-day extension to the court's abeyance period.
The talks center on a potential submission of new data by Pebble Limited Partnership to inform the EPA's reconsideration of its 2023 decision, which blocked the mine under the Clean Water Act.
The EPA's veto had cited risks to Bristol Bay's salmon fisheries, but PLP argues that modern mining practices and revised project designs address environmental concerns while unlocking a resource vital to U.S. infrastructure goals. ...
... 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
By Ray Ndlovu
Bloomberg News
Friday, July 4, 2025
Zimbabwe's gold-backed ZiG posted its best single-day gain against the dollar this year, boosted by surging bullion output and improved foreign currency reserves.
The currency strengthened 0.2% today to trade at 26.89 against the dollar, according to data posted on the central bank’s website. That is only its 12th day of appreciation against the U.S. currency this year.
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Gold output climbed almost 46% to 20,104 kilograms in the first six months of the year, the nation’s sole bullion refinery, Fidelity Refineries said in a statement today. In June it jumped 63% compared with a year earlier. The rise has bolstered foreign reserves threefold, according to the central 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 $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 Lisa Fickenscher
New York Post
Wednesday, July 2, 2025
As gold prices hit all-time highs, owners of vintage baubles and family heirlooms are scrambling to trade them for dollars -- and the frenzy has sparked a cash shortage across New York City's Diamond District, the Post has learned.
Last week at Bullion Exchanges -- a storefront at 30 W. 47th St. in midtown Manhattan that displays assorted gold coins and jewelry behind thick plexiglass -- a handful of customers had been buzzed inside while others waited on the busy sidewalk.
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At the counter a young woman shoved a fistful of gold trinkets under the bank-teller style window. Ten minutes later she left with a check for $3,330. ...
... 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
Gold Reserve's $7.38 Billion Bid Recommended as Winner of Citgo Auction
By Shubham Kalia and Marianna Parraga
Reuters
Thursday, July 3, 2025
A $7.38 billion bid by a unit of Toronto-listed miner Gold Reserve was named preliminary winner of an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, organized by a U.S. court to pay creditors for debt defaults and expropriations in the South American country.
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If the offer is approved, proceeds from the auction of PDV Holding would be enough to compensate 11 of the 15 creditors fighting in U.S. courts since 2017 to recover billions of dollars after Venezuela's wave of nationalizations, an officer overseeing the auction said in one of the filings.
Bermuda-based Gold Reserve expects to have its own $1.18 billion claim compensated from the proceeds, following the expropriation of its mining assets in Venezuela. The bid made by its subsidiary Dalinar Energy Corp. will now be evaluated by Delaware Judge Leonard Stark before a final decision.
Dalinar was created by Gold Reserve to participate in the bidding round and take control of Citgo, the crown jewel of Venezuela's overseas assets and the seventh largest U.S. refiner with an 807,000 barrels-per-day network.
Though the cash component of the Gold Reserve-led group's bid seems lower than rival offers, it covers a substantial number of creditors, including oil producer ConocoPhillips, miners Rusoro and Crystallex, and conglomerates Koch, OI Glass, and Siemens Energy.
* * *
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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