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GATA - Gold Anti-Trust Action Committee
Manchester, Conn.

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.

GATA - Gold Anti-Trust Action Committee is not verified as a 501(c)3 organization.

Latest News

Jun 26, 2017

Nobody dares to ask central banks about their gold trading, which is not a "mistake" but longstanding policy, as documented here:

http://www.gata.org/node/14839

* * *

Gold Plunges After 1.8 Million Ounces Were Traded in 1 Minute

By Eddie Van Der Walt
Bloomberg News
Monday, June 26, 2017

Gold sank like a stone at 9 a.m. in London after a huge spike in volume in New York futures that traders said was probably the result of a "fat finger," or erroneous order.

Trade shot up to 1.8 million ounces of gold in just a minute, a level not reached even with the surprise election of U.S. President Donald Trump or Britain's vote to leave the European Union.

... Dispatch continues below ...



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Crucial guides to storage in Singapore and Switzerland can be read here:

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http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

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"No one has a clue, apart from the unfortunate individual that pressed the wrong button," David Govett, head of precious metals trading at Marex Spectron Group in London, said of the spike in volume. Thin activity and automated trading may exacerbate such moves, he said.

Others said a trader may have made a larger order than intended, or underestimated the market's ability to absorb so much gold. ...

Rising use of computer-driven algorithmic trading has often been blamed for extraordinary movements in financial markets, known as flash crashes, in recent years.

"These moves are going to become more widespread with the way things are going," Govett said by email. "The more they happen, the worse they will become as people back away from holding positions."

EDITOR'S NOTE: That's exactly the idea, Eddie:

http://www.gata.org/node/17081

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2017-06-26/gold-plunges-as-1-8-m...

* * *

Huge Sell Order Pushes Gold to Six-Week Low

By Zanhi Shabalala
Reuters
Monday, June 26, 2017

LONDON -- Gold tumbled to its lowest price in nearly six weeks as a large sell order and a stronger dollar hit sentiment today, though losses were limited by political
uncertainty around the world. ...

The sale of 18,500 lots of gold, totalling 1.85 million ounces, and 5,000 ounces of silver in 5,500 lots on Comex in a short space of time was behind falling prices, said Afshin Nabavi, head of trading at MKS in Switzerland.

"Clearly somebody sold it by mistake and bought it back quickly, triggering stops below $1,250," said MKS trader Bernard Sin. ...

... For the remainder of the report:

https://uk.reuters.com/article/global-precious-idUKL3N1JN34X

* * *

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Jun 26, 2017

7:24a ET Monday, June 26, 2017

Dear Friend of GATA and Gold:

Zero Hedge this morning seems first to notice the punishment inexplicably inflicted on the gold futures market "on a surge in volume with 18,000 contracts, or just over $2 billion notional, trading in a one-minute window, with "volumes running around 150 percent of recent averages" as of 9:20 a.m. London time.

Zero Hedge adds that "the sudden selling soaked up all the liquidity in the gold market in seconds, with the clear intention of repricing gold lower."

Fortunately for the people manipulating the market, the monetary metals mining industry, the World Gold Council, and mainstream financial news organizations, and most gold and silver market analysts won't express the slightest curiosity about this.

The Zero Hedge report is headlined "Gold Flash Crashes As 'Someone' Dumps $2 Billion; 'Fat Finger' Blamed" and it's posted here:

http://www.zerohedge.com/news/2017-06-26/gold-crashes-someone-dumps-2-bi...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]



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USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

http://www.USAGold.com

USAGold: Great prices, quick delivery -- all the time.



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Jun 25, 2017

7:50p ET Sunday, June 25, 2017

Dear Friend of GATA and Gold:

The explosion in cryptocurrencies, Sprott Asset Management's John Embry tells King World News today, signifies the growing desire of people to escape the fiat currency system, an escape cut off for the moment by the suppression of gold and silver prices by shorting by governments and their allied investment banks. But, Embry says, this only makes the monetary metals, and especially silver, the most undervalued assets and they will follow the cryptos eventually. Embry's comments are excerpted at KWN here:

http://kingworldnews.com/silver-and-the-biggest-asset-inflation-in-histo...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]



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Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop shop for precious metals in Singapore.

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Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Jun 23, 2017

5:18p ET Friday, June 23, 2017

Dear Friend of GATA and Gold:

Monetary Metals, the Scottsdale, Arizona-based company that provides investors opportunities to earn interest on gold that is paid in gold, today announced that it is publishing daily "gold forward" and "silver forward" interest rates of the sort formerly published by the London Bullion Market Association -- the interest rate charged by bullion dealers for lending gold and silver against U.S. dollars.

In an announcement written by the comapny's vice president for operations, Bron Suchecki, formerly of the Perth Mint, Monetary Metals said: "The forward rate is important to gold mining, refining, jewelry, mint, and industrial manufacturing companies because their financing and hedging transactions depend on it. However, the LBMA stopped publishing GOFO in January 2015 and SIFO in in November 2012."

Monetary Metals Chief Executive Officer Keith Weiner said: "We are providing the daily forward and lease rates as a service to the industry."

The announcement by Monetary Metals is posted at the company's internet site here:

https://monetary-metals.com/monetary-metals-brings-back-the-gold-forward...

Monetary Metals' gold forward rate can be found here:

https://monetary-metals.com/thought-leadership/data-science-charts/gold-...

Monetary Metals' silver forward rate can be found here:

https://monetary-metals.com/thought-leadership/data-science-charts/silve...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]



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Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Jun 23, 2017

Options on Gold Futures May Be Launched in August

By Ram Sahgal
The Times of India, Mumbai
Friday, June 23, 2017

http://economictimes.indiatimes.com/markets/commodities/news/options-on-...

Traders of equity options will soon get a new product to punt or hedge on -- options on gold futures. MCX, the country's largest commodity derivatives exchange, could introduce the options by August, two persons familiar with the development said. One of them said the chief draw for equity option players would be the cheaper cost to trade.

The cost to trade one lot (1 kilo) of gold futures at Ruprees 28.6 lakh was Rupees 1.43 lakh, or around 5 percent intraday on Thursday. An option contract will be available at just a fifth of that, or Rupees 29,000, one of the persons said. The gold futures contract is costlier than trading even one lot of Titan futures at Rupeess 1.25 lakh intraday on Thursday.

Gold options "would be a draw for those who want to take exposure to commodity futures and options at a cheaper cost," the other person said. ...

... For the remainder of the report:

http://economictimes.indiatimes.com/markets/commodities/news/options-on-...



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GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

http://www.goldmoney.com/?gmrefcode=gata



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Jun 23, 2017

9:35p ET Thursday, June 22, 2017

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy, interviewed by Elijah Johnson for Silver Doctors, contrasts the performance of cryptocurrencies with the suppression of gold and silver prices and argues that the potential for the monetary metals is great. The interview is 13 minutes long and can be heard at You Tube here:

https://www.youtube.com/watch?v=q3cz1AbQsfU&feature=youtu.be

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]



ADVERTISEMENT

We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at [email protected] or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at: http://www.goldcore.com



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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Jun 23, 2017

9:20p ET Thursday, June 22, 2017

Dear Friend of GATA and Gold:

First Majestic Silver CEO Keith Neumeyer, interviewed by Elijah Johnson for Silver Doctors, discusses manipulation of the monetary metals markets, his agitation against it, what metals investors can do to oppose it, and the prospects for silver and his company in particular. The interview is 23 minutes long and can be heard at Silver Doctors here:

http://www.silverdoctors.com/silver/silver-news/mining-ceo-predicts-130-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]



ADVERTISEMENT

USAGold: Coins and bullion since 1973


USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

http://www.USAGold.com

USAGold: Great prices, quick delivery -- all the time.



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Jun 22, 2017

2:35p ET Thursday, June 22, 2017

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler today examines JPMorganChase's seemingly perfect record trading silver year after year without a loss. His commentary is headlined "A Rigged Game" and it's posted at GoldSeek's companion site, SilverSeek, here --

http://silverseek.com/commentary/rigged-game-16689

-- and at 24hGold here:

http://www.24hgold.com/english/news-gold-silver-a-rigged-game.aspx?contr...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]



ADVERTISEMENT

Storage and Withdrawal of Gold with Bullion Star in Singapore

Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.

Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage rates are competitive.

For more information, please visit Bullion Star here:

https://www.bullionstar.com/



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16