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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 Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Monday, October 27, 2025
Gold and silver, as well as mining stocks, continued their retreat this week as speculators use the headlines as an excuse to cash in on their bets.
The catalyst for this latest selloff seems to be word of a coming U.S.-China trade deal, but really any headline would serve as an excuse for Western speculators to take profits after the extraordinary gains of the last two months.
... Dispatch continues below ...
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That said, the idea that this gold market has been fueled by U.S.-China trade tensions is particularly absurd. You'd think that they'd come up with some less feeble excuse.
As an aside, before I started writing this issue today, I took a look at what I wrote last year in the Golden Opportunities issue that also came a week before our New Orleans Investment Conference.
Interestingly, gold and silver were also in the midst of a big decline on that day, with the gold price losing about 10% in the wake of President Trump's election win, amid worries that he would choose Bitcoin to replace gold in the nation's reserves.
That was the only real correction we experienced in this gold bull market, which began in late February of 2024. The current decline stands at about 8.5%, and probably has a bit further to go in my opinion.
But like last year's correction, this one is also based more on an over-heated, speculative rally temporarily running out of steam than anything else. ...
... For the remainder of the commentary:
https://goldnewsletter.com/go102725/
* * *
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 William Sandlund and Haohsiang Ko
Financial Times, London
Thursday, October 23, 2025
China's overseas lending in renminbi is soaring as Beijing steps up its efforts to expand the currency's role in international finance and reduce the country's exposure to the U.S. dollar.
External renminbi loans, deposits, and bond investments by Chinese banks quadrupled to more than Rmb3.4 trillion ($480 billion) over the past five years, as policymakers more aggressively pursue their long-term goal of reducing the centrality of the dollar in global financial flows.
... Dispatch continues below ...
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As part of this campaign, China is also opening more channels for foreign investors to buy renminbi-denominated bonds. But officials have focused their efforts on boosting the renminbi's role in trade, partly as a defence against policies enacted in the U.S. and elsewhere that weaponise the dollar -- such as this week’s European Union sanctions targeting Chinese banks accused of helping Russia to secure weapons parts overseas. ...
... For the remainder of the report:
https://www.ft.com/content/4577100f-8b71-4647-8e7e-fead115d9552
* * *
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 Jim Rickards
Daily Reckoning, Baltimore
Saturday, October 25, 2025
We're obviously living in tumultuous times. If investors sense they're on a financial roller-coaster, they're right.
Recently I scanned my market tickers and saw that everything was up. Stocks, bonds, gold, silver, the dollar, cryptos and commodities were all advancing. Of course, that didn't last. The next day cryptos crashed and stocks were down sharply. Even gold suffered its worst day in a decade on Tuesday, a day after notching new record highs.
... Dispatch continues below ...
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In these markets, volatility is the one constant.
These types of markets demand discipline, but they also give rise to what I can only describe as fringe theories.
Even seasoned market analysts with great reputations will write to me with theories they've heard asking what I think about them. We don't have space to go into all of them (and many are just nonsense and not worth going into), but the main theme is that somehow the U.S. Treasury is working on a technical default on government debt. ...
... For the remainder of the report:
https://dailyreckoning.com/fringe-theories-for-a-faulty-financial-system/
* * *
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
11p ET Thursday, October 23, 2025
Dear Friend of GATA and Gold (and Silver):
Interviewed with Charlotte McLeod of Investing News Network, GATA Board of Directors member Ed Steer, publisher of Ed Steer's Gold and Silver Digest letter, explains why he thinks a sharply rising silver price is inevitable. The short position of the investment banks is too high, he says, and industrial and investment demand is "rapacious."
The interview is 31 minutes long and can be heard at YouTube here:
https://www.youtube.com/watch?v=RzTLT_U4mWc
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
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
Thursday, October 23, 2025
With gold and silver pulling back from their all-time highs over the last few days, the naysayers on Wall Street –- who totally missed the huge rally in both metals since Labor Day -- have boldly declared the top is in.
They further claim the dollar "debasement trade" has ended ... and the U.S. dollar is set to strengthen.
... Dispatch continues below ...
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We believe this is wishful thinking by the "paper bugs" who always seem to find a new excuse to bash gold and silver -- and ridicule those who buy it.
As we're now 25 years into a secular bull run that has seen precious metals outperform U.S. stock indexes, you'd think these Wall Street sharpies would have finally changed their tune. ...
... For the remainder of the analysis:
* * *
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
9:13a ET Thursday, October 23, 2025
Dear Friend of GATA and Gold:
Market analyst Vince Lanci has posted some wonderful commentary at his proprietary internet site --
https://vblgoldfix.substack.com/
-- much of which has been reposted by ZeroHedge today. It's headlined "China Calls Gold Bluff, U.S. Pushes Back" and nails the gold story in a section headlined "Rules of a Managed Market."
Those rules are 1) that gold can go up but not too fast and 2) gold must never receive sustained favorable news coverage.
The excerpt can be found at ZeroHedge here:
https://www.zerohedge.com/news/2025-10-22/china-calls-gold-bluff-us-pushes-back
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
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 Olaf Storbeck
Financial Times, London
Wednesday, October 22, 2025
The German finance ministry has stopped the planned sale of two commemorative coins after the cost of their silver content surpassed their face value.
The unusual step, which affects the issuance over the next three months of a E20 and a E25 coin popular with collectors, highlights the extent of the current rally in precious metals.
... Dispatch continues below ...
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Hero Bullion: Gold and silver simply delivered
While the surge in the silver price is less pronounced than that of the gold price, the precious metal reached a new all-time high this month at $54.30 per troy ounce and is 60% more expensive than at the start of the year.
The first casualty is a coin depicting the biblical "Three Wise Men" as part of a Christmas-themed series of E25 coins that started in 2021. They are made from 22 grams of pure silver, which has a current market value of about E29. Previous editions have been sold for as much as E45.95. ...
... For the remainder of the report:
https://www.ft.com/content/04000284-6713-4de6-ae9f-18316c7b8343
* * *
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
After Gold's Big Plunge, Here's What History Shows Could Happen Next
By Myra P. Saefong
MarketWatch, New York
via MSN News, Redmond, Washington
Wednesday, October 22, 2025
Gold prices fell again on Wednesday, a day after posting their biggest one-day drop in over a decade -- yet history shows that the plunge is more likely to be followed by a modest move higher. ...
But a look at previous big daily declines for the precious metal -- those of 5% of more -- shows that drops like this one may not have a lasting effect.
... Dispatch continues below ...
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"Gold and silver should not be expected to go up in a straight line," Stefan Gleason, president and chief executive officer at Money Metals Exchange, told MarketWatch. Corrections like the one seen this week are "healthy and helpful," he said. "Bull markets climb a wall of worry." ...
... 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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