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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

Apr 19, 2018

9:42p ET Wednesday, April 18, 2018

Dear Friend of GATA and Gold:

The VICE newsmagazine on HBO television has just done a documentary about geologist and mining entrepreneur Keith Barron's return to Ecuador as CEO of Aurania Resources, and it suggests that the country and its people have taken a new, realistic, and practical approach to exploiting their mineral riches.

An excerpt from the documentary, headlined "Meet the Real-Life Indiana Jones Hunting for Gold in the Amazon," is posted at VICE News here:

https://news.vice.com/en_us/article/d35kmj/meet-the-real-life-indiana-jo...

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



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Cobalt Blockchain Conference Call:
Thursday, April 19, 8-9:30a ET and Friday, April 20, 10-11:30a ET

Each call will consist of a general update and presentation from the company followed by a question-and-answer session. Interested parties may attend the call in person at IBK Capital, 130 King St. West, Suite 640, Toronto, Ontario, Canada) or join via teleconference. Should you wish to participate in the call, please RSVP to [email protected] and indicate whether you will join by call or in person.

Here are the teleconference dial instructions.

Canada and United States: 416-621-1587 or (toll-free) 1-877-500-3197.

Chile: 225-994-950 or (toll-free) 800-201-834.

Germany: 030700150716 or (toll-free) 0800-1014-525.

South Africa: 218-197-017 or (toll-free) 0800-990-930.

Switzerland: 043-456-9404 or (toll-free) 0800-700-283.

United Kingdom: 0207-9040-082 or (toll-free) 0800-4960-577.

Access code: 360-451-2#

Here is the Cobalt Blockchain presentation that will be discussed during the teleconference:

https://docs.wixstatic.com/ugd/774c06_d6e2ad0f7e544471853554096969670d.p...



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

Apr 19, 2018

From Reuters
Wednesday, April 18, 2018

LONDON -- Iran will start reporting foreign currency amounts in euros rather than U.S. dollars, state media said today as part of the country's effort to reduce its reliance on the U.S. currency due to political tension with Washington.

The new policy could encourage government bodies and firms linked to the state to increase their use of the euro at the expense of the dollar.

Central bank governor Valiollah Seif said last week that Supreme Leader Ayatollah Ali Khamenei had welcomed his suggestion of replacing the dollar with the euro in foreign trade, as the "dollar has no place in our transactions today."

Tehran has been trying for years to move away from the dollar, although much of the country's international trade is still conducted in dollars and ordinary Iranians use them for travel and savings. ...

... For the remainder of the report:

https://www.reuters.com/article/us-iran-currency-euro/iran-switches-from...



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Cobalt Blockchain Conference Call:
Thursday, April 19, 8-9:30a ET and Friday, April 20, 10-11:30a ET

Each call will consist of a general update and presentation from the company followed by a question-and-answer session. Interested parties may attend the call in person at IBK Capital, 130 King St. West, Suite 640, Toronto, Ontario, Canada) or join via teleconference. Should you wish to participate in the call, please RSVP to [email protected] and indicate whether you will join by call or in person.

Here are the teleconference dial instructions.

Canada and United States: 416-621-1587 or (toll-free) 1-877-500-3197.

Chile: 225-994-950 or (toll-free) 800-201-834.

Germany: 030700150716 or (toll-free) 0800-1014-525.

South Africa: 218-197-017 or (toll-free) 0800-990-930.

Switzerland: 043-456-9404 or (toll-free) 0800-700-283.

United Kingdom: 0207-9040-082 or (toll-free) 0800-4960-577.

Access code: 360-451-2#

Here is the Cobalt Blockchain presentation that will be discussed during the teleconference:

https://docs.wixstatic.com/ugd/774c06_d6e2ad0f7e544471853554096969670d.p...



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

Apr 18, 2018

By Chris Giles
Financial Times, London
Wednesday, April 18, 2018

WASHINGTON -- The International Monetary Fund today sounded the alarm on excessive global borrowing, warning that with a total of $164 trillion owed, the world's public and private sectors are deeper in debt than at the height of the financial crisis a decade ago.

Global debt is now more than twice the size of the value of goods and services produced every year and at 225 percent of global gross domestic product it is now 12 percentage points higher than at its previous peak in 2009.

... Dispatch continues below ...



ADVERTISEMENT

Cobalt Blockchain Conference Call:
Thursday, April 19, 8-9:30a ET and Friday, April 20, 10-11:30a ET

Each call will consist of a general update and presentation from the company followed by a question-and-answer session. Interested parties may attend the call in person at IBK Capital, 130 King St. West, Suite 640, Toronto, Ontario, Canada) or join via teleconference. Should you wish to participate in the call, please RSVP to [email protected] and indicate whether you will join by call or in person.

Here are the teleconference dial instructions.

Canada and United States: 416-621-1587 or (toll-free) 1-877-500-3197.

Chile: 225-994-950 or (toll-free) 800-201-834.

Germany: 030700150716 or (toll-free) 0800-1014-525.

South Africa: 218-197-017 or (toll-free) 0800-990-930.

Switzerland: 043-456-9404 or (toll-free) 0800-700-283.

United Kingdom: 0207-9040-082 or (toll-free) 0800-4960-577.

Access code: 360-451-2#

Here is the Cobalt Blockchain presentation that will be discussed during the teleconference:

https://docs.wixstatic.com/ugd/774c06_d6e2ad0f7e544471853554096969670d.p...



The fund said there was now an urgent need to reduce the burden of debt in both the private and public sectors to improve the resilience of the global economy and provide greater firefighting capability if things went wrong. ...

... For the remainder of the report:

https://www.ft.com/content/d4bf2984-42d2-11e8-93cf-67ac3a6482fd

* * *

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

Apr 17, 2018

7:35p ET Tuesday, April 17, 2018

Dear Friend of GATA and Gold:

The sudden rise in settlement of Comex gold and silver futures contracts through the formerly obscure off-exchange mechanism of "exchange for physicals" is likely just increasing the supply of imaginary metal, the TF Metals Report's Craig Hemke writes today for Sprott Money.

... Dispatch continues below ...



ADVERTISEMENT

Cobalt Blockchain Conference Call:
Thursday, April 19, 8-9:30a ET and Friday, April 20, 10-11:30a ET

Each call will consist of a general update and presentation from the company followed by a question-and-answer session. Interested parties may attend the call in person at IBK Capital, 130 King St. West, Suite 640, Toronto, Ontario, Canada) or join via teleconference. Should you wish to participate in the call, please RSVP to [email protected] and indicate whether you will join by call or in person.

Here are the teleconference dial instructions.

Canada and United States: 416-621-1587 or (toll-free) 1-877-500-3197.

Chile: 225-994-950 or (toll-free) 800-201-834.

Germany: 030700150716 or (toll-free) 0800-1014-525.

South Africa: 218-197-017 or (toll-free) 0800-990-930.

Switzerland: 043-456-9404 or (toll-free) 0800-700-283.

United Kingdom: 0207-9040-082 or (toll-free) 0800-4960-577.

Access code: 360-451-2#

Here is the Cobalt Blockchain presentation that will be discussed during the teleconference:

https://docs.wixstatic.com/ugd/774c06_d6e2ad0f7e544471853554096969670d.p...



Hemke writes: "The escalating abuse of this process has brought the sham and fraud of the digital derivative pricing scheme into greater focus. Mainly, how in the world does a swapping of derivative contracts, where there's obviously zero physical metal involved, equitably determine the true price and value of underlying physical asset?

"Additionally, what does the increasing volume of EFPs say about the state of the physical market and the availability in size of physical gold on demand? If the Comex/LBMA is simply increasing the amount of leverage in the system, one must wonder how stretched and stressed the pricing scheme has become."

Hemke's analysis is headlined "Comex Exchanges for Physical" and it's posted at Sprott Money here:

https://www.sprottmoney.com/Blog/comex-exchanges-for-physical-craig-hemk...

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

* * *

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

Apr 17, 2018

3:56p ET Tuesday, April 17, 2018

Dear Friend of GATA and Gold:

Today is the federal tax filing deadline for most taxpayers in the United States, and since GATA, as a federally tax-exempt educational and civil rights organization, is obliged by law to disclose its tax return to all who ask to see it, a tax returns section has been created at our internet site, containing copies of the organization's tax returns for 2017, 2016, and 2015.

This seems to be the most efficient mechanism of transparency.

The tax returns can be found here:

http://www.gata.org/taxonomy/term/24

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



ADVERTISEMENT

Cobalt Blockchain Conference Call:
Thursday, April 19, 8-9:30a ET and Friday, April 20, 10-11:30a ET

Each call will consist of a general update and presentation from the company followed by a question-and-answer session. Interested parties may attend the call in person at IBK Capital, 130 King St. West, Suite 640, Toronto, Ontario, Canada) or join via teleconference. Should you wish to participate in the call, please RSVP to [email protected] and indicate whether you will join by call or in person.

Here are the teleconference dial instructions.

Canada and United States: 416-621-1587 or (toll-free) 1-877-500-3197.

Chile: 225-994-950 or (toll-free) 800-201-834.

Germany: 030700150716 or (toll-free) 0800-1014-525.

South Africa: 218-197-017 or (toll-free) 0800-990-930.

Switzerland: 043-456-9404 or (toll-free) 0800-700-283.

United Kingdom: 0207-9040-082 or (toll-free) 0800-4960-577.

Access code: 360-451-2#

Here is the Cobalt Blockchain presentation that will be discussed during the teleconference:

https://docs.wixstatic.com/ugd/774c06_d6e2ad0f7e544471853554096969670d.p...



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

Apr 17, 2018

By Fabiola Zerpa
Bloomberg News
Monday, April 16, 2018

A group of workers at Venezuela's state-owned oil company is requesting wages in dollars as well as meal plans and better health insurance to make up for what they called "suffocating" economic conditions.

"We expect receptivity to these requests that will grant dignity to workers and allow us to reach an environment of productivity and efficiency," according to an April 2 letter to the managers of Petropiar, a PDVSA joint venture with Chevron Corp., seen by Bloomberg News. School tuition and recreational plans were also part of the requests.

... Dispatch continues below ...



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In the letter employees said that an oil worker's basic monthly wage stands at about 8.8 million bolivars. That's around $14 at today's black market average rate of about 650,000 bolivars per dollar. The Petropiar JV cut production earlier this year after falling short of its 2017 goal. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-04-16/venezuela-s-suffocati...

* * *

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

Apr 17, 2018

By Joe Rennison and Robin Wigglesworth
Financial Times, London
Monday, April 16, 2018

China expanded its U.S. Treasury holdings in February despite escalating trade tension between Beijing and Washington at the time, helping damp concerns the country could shed U.S. assets to hit back at the Trump administration. 

China, the single biggest foreign holder of U.S. government debt, added $8.5 billion to its Treasury holdings in February, taking its total to $1.18 trillion, according to data released by the U.S. Treasury on Monday. ...

... For the remainder of the report:

https://www.ft.com/content/93e1dcda-41ca-11e8-93cf-67ac3a6482fd



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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

Apr 17, 2018

International Loans 'Should Be Based on Gold, Not Dollars,' Erdogan Says

From the Hurriyet Daily News, Istanbul
Monday, April 16, 2018

Turkish President Recep Tayyip Erdogan has suggested that international loans should be contracted based on gold instead of U.S. dollars in order to prevent exchange rate pressure on economies.

"I made a suggestion at a G20 meeting. I asked: Why do we make all loans in dollars? Let's use another currency. I suggest that the loans should be made based on gold," Erdogan said today during a speech at the opening ceremony of the Global Entrepreneurship Congress in Istanbul.

... Dispatch continues below ...



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"With the dollar the world is always under exchange rate pressure. We should save states and nations from this exchange rate pressure. Gold has never been a tool of oppression throughout history," he added. ...

Erdoğan also lashed out at the International Monetary Fund (IMF), accusing the organization of trying to "manipulate" Turkey’s political direction.

"There is [financial] tutelage in the soul of the IMF. Most of the poor and miserable countries of the world have been groaning bitterly because they could not be liberated from that tutelage approach," he said, stressing that Turkey is "not in the IMF’s debt anymore." ...

... For the remainder of the report:

http://www.hurriyetdailynews.com/intl-loans-should-be-based-on-gold-not-...

* * *

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