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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
2:06p ET Saturday, December 27, 2025
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest is headlined "Ted Butler's 'Bonfire' and Terra Incognita'" and is posted in the clear at SilverSeek here:
https://silverseek.com/article/ted-butlers-bonfire-terra-incognita
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]
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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 $400 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 Michael Hill
Associated Press
via Yahoo News, Sunnyvale, California
Friday, December 26, 2025
GOUVERNEUR, N.Y. -- Graphite mines in the United States largely closed down seven decades ago. Mining the ubiquitous mineral found in everything from nuclear reactors to pencils seemed to make little sense when it could be imported inexpensively from other nations, especially China.
That view is changing now.
... Dispatch continues below ...
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Demand for graphite, a key material in the lithium-ion batteries that power everything from phones to electric cars, is surging as trade tensions with China persist. With federal officials concerned about the steady supply of a number of critical minerals, several companies have plans to mine graphite.
In New York, Titan Mining Corp. has mined a limited amount of ore from a deposit in snowy woods about 25 miles from the Canadian border, aiming for commercial sales by 2028. Company officials believe the geopolitical winds are at their backs to sell graphite concentrate for high-tech, industrial and military uses. That could include heat-resistant coatings in factories, anodes in large lithium-ion batteries connected to electrical grids, and lubricants for military vehicles, according to the company. ...
... For the remainder of the report:
https://finance.yahoo.com/news/amid-battery-boom-graphite-mining-050241740.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 $400 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
9p ET Friday, December 26, 2025
Dear Friend of GATA and Gold (and Silver):
In his daily commentary for Arcadia Economics, commodity market analyst Vince Lanci says China is not to blame for the explosion in silver and really wants to make the market more orderly. The real problem in silver, Lanci says, is that the London bullion banks don't have the metal they pretend to have and are the cause of the short squeeze that is underway.
Lanci's commentary is 20 minutes long and can be viewed at the Arcadia Economics channel at YouTube here:
https://www.youtube.com/watch?v=UNfCZ4tqCKQ
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]
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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 $400 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/
* * *
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 $300 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
7:26p Friday, December 27, 2025
Dear Friend of GATA and Gold (and Silver):
To hear mainstream financial news organizations and analysts tell it, gold and silver have been flying because of:
-- The decline of the U.S. dollar.
-- International disorder sparked by the war between Russia and Ukraine, or the West's war against Russia through its Ukrainian proxy.
... Dispatch continues below ...
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-- The seizure by the U.S. government and Western European governments of Russian foreign exchange assets.
-- Heavy buying of gold by central banks seeking some independence from the dollar and U.S. foreign policy.
-- The unstoppable increase in U.S. government and Western European government debt.
-- Strong industrial demand for silver.
Of course there is something to all those things. But the mainstream carefully overlooks what is likely the biggest cause of the stunning revival of the monetary metals: the long-overdue calling of the short derivatives positions in both metals that has been operated for decades by the U.S. government, its closest allies, and their bullion bank agents.
Delivery of real metal now is being demanded against paper claims on metal, claims that were issued by bullion banks that never had to deliver it, thereby allowing gold and silver supplies to be oversubscribed by as much as 90 or 100 to 1.
Only a short squeeze can plausibly explain the violent price action in silver today, when the metal rose in price by as much as $7 or 10%. One-day action like that in the metals has not been seen for decades.
The squeeze is evident in the huge discrepancy between prices in Shanghai, India, London, and New York. Prices in Shanghai and India are far higher, creating an arbitrage opportunity that has been draining metal out of the West, metal that in many cases has multiple owners and isn't readily available.
Examining this angle -- the creation of vast imaginary supplies of the monetary metals in order to protect the dollar as the world reserve currency, maintain faith in U.S. government debt, and impoverish the rest of the world -- might explode what's left of the world's political order, an unjust, imperialistic order that should be exploded.
Examining this angle also might fatally discredit the mainstream news organizations and analysts who aren't capable of honesty in a matter so important.
If you doubt any of this, please review the documentation GATA long has assembled and maintained here:
https://www.gata.org/node/20925
Mainstream news organizations and market analysts will never touch it. Acknowledgment of it would implicate them too.
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 $400 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 Ken Parks
Bloomberg News
Friday, December 26, 2025
Uruguay's central bank chief wants to convince savers in one of Latin America’s most dollarized nations that their love affair with the U.S. currency is bad for both the economy and their pocketbooks....
Starting next year, Guillermo Tolosa plans to implement measures to boost the use of the Uruguayan peso as part of a strategy to develop a domestic capital market that could benefit local borrowers -- from corporates and individuals to the government itself. Tolosa plans to speak with press today to discuss monetary policy and the central bank's de-dollarization plans.
... Dispatch continues below ...
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The first steps will include higher capital requirements on banks for some dollar loans along with eliminating reserve levels for some deposits in pesos to encourage banks to give more loans in the local currency. Other measures under consideration include requiring businesses that price goods in foreign currencies to also list prices in pesos. ...
... 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 $300 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 Adam Sharp
Daily Reckoning, Baltimore
Thursday, December 25, 2025
In 1970 silver traded at around $1.60 per ounce. By its peak in 1980, it reached $49.45. An incredible 30x return.
The story of how it got there is full of intrigue and conspiracy. We’ll get to that. But first a little background is in order.
... Dispatch continues below ...
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Monetary demand for silver had collapsed after the U.S. and other countries stopped using it in coins in 1965. Before that, America's dimes and quarters were up to 90% silver. Other countries soon followed suit.
After governments ended their silver coinage, the market was flooded with stockpiles of the metal. Savvy collectors also bought up silver coins and melted them down. This temporarily boosted supply and depressed the price.
But inflation and demand for hard money were quietly building. In 1971 Nixon terminated the gold standard. From that point on, fiat money was completely free from the restraints of hard assets.
The dollar was no longer convertible to gold by foreign governments, and our coins were now made of copper and nickel rather than valuable silver. ...
... For the remainder of the commentary:
https://dailyreckoning.com/a-better-silver-squeeze/
* * *
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 $300 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
Gold traders and Bank of Thailand Discuss Controls
By Nuntawun Polkuamdee
Bangkok Post
Thursday, December 25, 2025
Gold traders have proposed dollar-denominated trading as a way to curb baht volatility, as the Bank of Thailand scrambles to ease the strength of the Thai currency while bullion soars to a fresh all-time high.
The market is focused on Friday's meeting between Thai gold traders and the central bank, as the industry pushes for alternative measures to relieve pressure on the baht.
... Dispatch continues below ...
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The debate comes as the baht has gained 4.2% over the past month and international gold prices increased 9.3%.
Pawan Nawawattanasub, chief executive of YLG Group, said the industry already submitted proposals to the central bank, including allowing clients to trade gold directly in U.S. dollars.
"At present, gold traders are not permitted to let customers open dollar-denominated trading accounts directly. All foreign exchange conversion must go through commercial banks," she said, adding YLG is working with several banks to adjust its spot gold trading system. ...
... For the remainder of the report:
https://www.bangkokpost.com/business/investment/3163125/gold-traders-and-bot-discuss-controls
* * *
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 $300 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
From Bloomberg News
Wednesday, December 24, 2025
The yuan climbed past the psychological milestone of 7 per dollar for the first time since September 2024, on bets that China's central bank will allow gradual currency appreciation to boost market confidence.
The offshore yuan gained as much as 0.2% to 6.9964 per dollar. The move came after the People's Bank of China strengthened its daily reference rate to the strongest level since September 2024.
... Dispatch continues below ...
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The yuan is headed for its best year in half a decade against the dollar, thanks to a slump in the U.S. currency, inflows chasing China’s stock-market rebound, and easing geopolitical tensions.
Beijing has been guiding the yuan stronger at a carefully orchestrated pace with its fixing in the past few months as it seeks to allow currency appreciation without triggering foreign-exchange volatility. ...
... 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 $300 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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