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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
Of course that assumes that the U.S. Treasury and Federal Reserve don't launch a corresponding attack on the monetary metals. At least this one won't be a surprise attack.
* * *
By Arsian Butt
FX Leaders, Dubai
Sunday, June 22, 2025
Gold is once again back in the highlights following the United States' surprise strikes on three major Iranian nuclear sites over the weekend. The global atmosphere has turned deeply risk-averse. As the world braces for a potential escalation, traders and investors are eyeing gold as a haven amid geopolitical chaos.
... Dispatch continues below ...
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President Donald Trump called the strikes a "spectacular military success," while global leaders issued sharp reactions. Iran has vowed retaliation, calling the attack a "grave violation" of international law. The United Nations is urging de-escalation, yet markets are already signaling a heightened demand for safe-haven assets.
Heading into Monday's open, gold is positioned for a potential gap up, with traders targeting a short-term move to $3,450 and possibly $3,500 later in the week. Such moves are not uncommon in periods of geopolitical shock, especially when the possibility of war and nuclear tensions becomes real. For now, gold appears primed to benefit from panic hedging and safe-haven flows. ...
... For the remainder of the analysis:
* * *
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 Renee Jean
Cowboy State Daily, Cheyenne, Wyoming
Friday, June 20, 2025
When state Sen. Bob Ide, R-Casper, introduced the Wyoming Gold Act earlier this year -- which requires the Wyoming state treasurer to buy and hold at least $10 million in physical gold -- the price of gold was much lower.
It was hovering in the $2,600 to $2,700 per ounce range. Now gold is soaring high at $3,385 an ounce, and even reached $3,500 in April. Any gold bought then would already be worth about 33% more.
... Dispatch continues below ...
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Such spikes in price have now made acquiring physical gold a little trickier than it was, Ide said.
But he also believes that's helping demonstrate why holding physical gold is a valuable diversification of the state's financial portfolio. It can help protect value and wealth from inflation and uncertainty.
"All things said, gold really doesn't go up," he said. "The dollar goes down. And gold is just a measure of what's going on with the devaluation of our currency."
The Wyoming Gold Act was the latest in a string of plays that have put the Cowboy State at the top of the 2025 Sound Money Index, published annually by the Sound Money Defense League and Money Metals Exchange.
Sound money is a term adopted by advocates of returning gold and silver to use as legal currency because they contend the precious metals hold their value over time. ...
... For the remainder of the report:
https://cowboystatedaily.com/2025/06/20/wyoming-closer-to-using-gold-and-silver-as-legal-currency/
* * *
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
Trading in the continent's own currencies, bypassing the dolloar, might save Africa $5 billion a year.
* * *
By Duncan Miriri
Reuters
Friday, June 20, 2025
NAIROBI, Kenya -- Africa's push for local currency payments systems -- once little more than an aspiration -- is finally making concrete gains, bringing the promise of less costly trade to a continent long hobbled by resource-sapping dollar transactions.
But efforts to move away from the dollar face strong opposition and the threat of retaliation from U.S. President Donald Trump, who is determined to preserve it as the dominant currency for global trade.
... Dispatch continues below ...
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First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The company owns and operates four producing underground mines in Mexico: the Cerro Los Gatos Silver Mine (the company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the Santa Elena Silver and Gold Mine, the San Dimas Silver and Gold Mine, and the La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon gold project in northeastern Nevada, U.S.A.
In 2025 these mines are projected to produce between 27.8 to 31.2 million silver-equivalent ounces, consisting of 13.6 to 15.3 million ounces of silver and 129,000 to 144,000 ounces of gold, with an all-in sustaining cost of $19.89 to $21.27 per payable silver-equivalent ounce.
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The move by Africa to create payments systems that do not rely on the greenback mirrors a push by China to develop financial systems independent of Western institutions. Countries like Russia, which face economic sanctions, are also keen for an alternative to the dollar.
But while that movement has gained a sense of urgency due to shifting trade patterns and geopolitical realignments following President Trump's return to the White House, African advocates for payment alternatives are making their case based on costs.
"Our goal, contrary to what people might think, is not de-dollarisation," said Mike Ogbalu, chief executive of the Pan-African Payments and Settlements System, which allows parties to transact directly in local currencies, bypassing the dollar. ...
... 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
10:56p ET Thursday, June 19, 2025
Dear Friend of GATA and Gold (and Silver):
On Sprott Money's "Ask the Expert" program today, mining entrepreneur Eric Sprott is interviewed by Craig Hemke and says it's hard for him to restrain his enthusiasm for the monetary metals and especially for silver.
Sprott says monetary metals prices have been manipulated and suppressed for 50 years, he has been fighting it for the last 25, and he thinks it's over now and the metals are starting to manifest their true value.
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Sprott believes that the profit potential for small gold and silver mining companies with good ore bodies is enormous and is being overlooked by the market.
Hemke induces Sprott to identify some mining companies he thinks have strong prospects.
The interview is 40 minutes long and can be viewed at YouTube here:
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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 $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 Helen Brown
The Telegraph, London
Thursday, June 19, 2025
"Shimmering gold lies in wait. ..." promises the website of treasure hunter Martin Bayerle. It is now 44 years since he discovered the "billion-dollar wreck" of the RMS Republic, the White Star liner that sank in 1909, three years before its fellow Harland & Wolff-made relative, the Titanic.
... Dispatch continues below ...
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The American adventurer, looking every inch the pirate in his eyepatch covering his left eye -- which he lost the use of at 11 after an explosives accident -- is still hoping to return to the wreck to recover an estimated 45 tons of gold that has lain 270 feet beneath the Atlantic waves where the vessel sank, about 50 miles south of Nantucket Island.
He doesn't have the money for the project, though. So, perhaps somewhat hopefully, his company, Lords of Fortune, is now seeking strangers to back an online crowdfunder to bankroll a proposed $500,000 (L372,000) salvage operation this year. The fund's total is currently L109,000, but the appeal's website claims it "now has the resources to plunder the Republic's riches and reward the team" and Bayerle "with the biggest payday in the history of maritime treasure hunting." ...
... For the remainder of the report:
https://www.telegraph.co.uk/news/2025/06/19/shipwreck-hunters/
* * *
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 John Revill
Reuters
Thursday, June 19, 2025
ZURICH -- The Swiss National Bank today cut its interest rate to zero and did not rule out returning borrowing costs to negative territory in future, although it stressed this was not a step it would take lightly.
The bank reduced its policy rate by 25 basis points from 0.25%, as expected by markets and a Reuters poll, to stand on the brink of negative rates for the first time since 2022.
... Dispatch continues below ...
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The central bank now has the lowest borrowing costs among its peers, with markets giving a 53% probability of further cuts in September. ...
For the remainder of the report:
https://www.reuters.com/business/finance/swiss-national-bank-cuts-interest-rates-zero-2025-06-19/
* * *
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 Joseph N. DiStefano
Philadelphia Inquirer
Tuesday, June 17, 2025
WILMINGTON, Delaware -- Robert Leroy Higgins, 69, the West Chester, Pennsylvania, gold and silver dealer found guilty by a federal jury of fraud and tax evasion last fall, was sentenced today to 65 years in prison by U.S. District Judge Maryellen Noreika.
The judge also ordered Higgins to pay $76.5 million in restitution for the precious metals he stole from about 1,000 customers of his defunct Wilmington company, First State Depository, in what prosecutors called "the largest theft from a precious metals depository in the history of the United States."
... Dispatch continues below ...
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It is a long sentence for white-collar fraud. But "the scope and brazenness of these crimes is shocking," the judge told Higgins, minutes after he insisted he had a plan that could have helped get the missing metals back, if only he had not been in federal prison in Philadelphia since his conviction in October.
"Over many years, you lied, over and over and over," depleting mostly elderly savers' retirement funds while "you were living a lavish lifestyle with their money," Noreika told Higgins. ...
... For the remainder of the report:
https://www.inquirer.com/business/robert-leroy-higgins-sentenced-wilmington-depository-20250617.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 $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
Thomas Hale and Cheng Leng
Financial Times, London
Wednesday, June 18, 2025
China's central bank governor has said he expects a new global currency order to emerge after decades of dominance by the U.S. dollar, with the renminbi competing in a "multi-polar international monetary system."
Speaking at China's flagship financial forum in Shanghai, Pan Gongsheng said the U.S. dollar had "established its dominance" after the second world war and "retained its status up till now." He warned of "excessive reliance" on a single currency.
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"In the future, the global monetary system may continue to evolve toward a pattern in which a few sovereign currencies coexist, compete with each other, and check and balance each other," he said, pointing to a growing role for the renminbi.
Pan said the key developments in the international monetary system during the past two decades had been the introduction of the euro and the rise of the renminbi since the global financial crisis in 2008. ...
... For the remainder of the report:
https://www.ft.com/content/ed04b26c-657d-4653-859d-c5a560c6b3e9
* * *
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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