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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

May 23, 2017

8:59p ET Monday, May 22, 2017

Dear Friend of GATA and Gold:

Gold's surprising resilience in recent days is another indication of a short squeeze, GoldMoney founder and GATA consultant James Turk tells King World News today. He adds that central banks today are shorter in gold than they were when they had to close the London Gold Pool amid overwhelming demand in 1968. Eventually, Turk says, the central banks will have to concede defeat as they did back then. His interview with KWN is posted here:

http://kingworldnews.com/turk-mother-of-all-short-squeezes-about-to-send...

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.

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:

International Metal Writers Conference
Sponsored by Cambridge House
Sunday-Monday, May 28-29, 2017
Vancouver Convention Centre, East Building
Canada Place
Vancouver, British Columbia, Canada
http://cambridgehouse.com/event/68/international-metal-writers-conferenc...

GATA Reception at the International Metal Writers Conference
5-8 p.m. Monday, May 29, 2017
Lions Pub
888 West Cordova St.
Vancouver, British Columbia, Canada

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

May 22, 2017

By Valentin Schmid
The Epoch Times, New York
Wednesday, May 17, 2017

Whenever someone gets too big and too important, the other players who can't compete by themselves call for a challenger. This is true in sports, business, and even for currencies.

Because the dollar is so big and important, smaller countries were happy when the euro was launched to provide a counterbalance if not to challenge the dollar's position outright.

The euro ultimately provided that counterbalance, but never managed to dethrone the dollar as the world's foremost reserve currency. The euro is used in 30 percent of all global payments, according to payment provider SWIFT; the dollar is still No. 1 at 40 percent.

But what about the Chinese currency, the yuan, the one that investment bank HSBC predicted would become the third-largest global trade currency by 2015—is it the ultimate challenger to the dollar's top status?

Not so much. ...

... For the remainder of the report:

http://www.theepochtimes.com/n3/2250139-why-the-chinese-yuan-wont-be-the...



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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:

International Metal Writers Conference
Sponsored by Cambridge House
Sunday-Monday, May 28-29, 2017
Vancouver Convention Centre, East Building
Canada Place
Vancouver, British Columbia, Canada
http://cambridgehouse.com/event/68/international-metal-writers-conferenc...

GATA Reception at the International Metal Writers Conference
5-8 p.m. Monday, May 29, 2017
Lions Pub
888 West Cordova St.
Vancouver, British Columbia, Canada

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

May 22, 2017

9:28a ET Monday, May 22, 2017

Dear Friend of GATA and Gold:

According to the TF Metals Report, the latest "wash-rinse-repeat" cycle in Comex gold and silver futures contracts, in which the big investment banks with access to infinite money from central banks fleece speculators and hedge funds, seems just about completed. That makes the next move likely to be up, the TF Metals Report says. Its analysis is headlined "Some Perspective on the Latest Commitment of Traders Report" and it's posted here:

https://www.tfmetalsreport.com/blog/8348/some-perspective-latest-commitm...

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



ADVERTISEMENT

Buy metals at GoldMoney and enjoy international storage

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:

International Metal Writers Conference
Sponsored by Cambridge House
Sunday-Monday, May 28-29, 2017
Vancouver Convention Centre, East Building
Canada Place
Vancouver, British Columbia, Canada
http://cambridgehouse.com/event/68/international-metal-writers-conferenc...

GATA Reception at the International Metal Writers Conference
5-8 p.m. Monday, May 29, 2017
Lions Pub
888 West Cordova St.
Vancouver, British Columbia, Canada

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

May 22, 2017

By Graeme Hosken and Jan Bornman
The Times, Johannesburg, South Africa
Monday, May 22, 2017

Millions of rands in sex, food, and alcohol are being traded in secret underground cities linked to illegal mining activities in small towns such as Welkom in the Free State.

The town, once a hive of legal mining activity, was the site of one of the worst illegal mining disasters South Africa has seen when at least 34 "zama zamas" were killed in an underground explosion last week.

In the aftermath of the explosion illegal miners, police and mine security experts have told stories of underground passages and tunnels in which everything is available for a steep price.

... Dispatch continues below ...



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The existence of more than 6,000 disused gold, chrome, diamond, and platinum mines across South Africa has allowed for the creation of a thriving underground economy. One mining expert says the underground industry supports thousands above ground.

Spaza shops sell braaied [barbecued] meat, loaves of bread, tins of bully beef and chakalaka, airtime, toilet paper, Amarula, beer, and whisky at exorbitant prices to miners who spend months at a time below ground.

Sex is also for sale.

"What do you want? That's what they ask you before you go down," said Richard, an informal miner. "Believe me, it's true. You can even buy airtime for cellphones."

Richard laughed, revealing that cellphone reception is clear 3 kilometers below the Free State town.

For Roberto, Welkom has proved to be an unexpected gold mine.

"If it wasn't for them [illegal miners] I would have been long gone, living in Joburg. They [the government and mine management] say that the mines are dead but it's rubbish. These guys come with cash. They rock up with R100,000."

Roberto said the orders are mostly for tinned food, bread, Coke, and alcohol.

"Sometimes they come with gold. We trade the gold for food, booze and for things they need to survive underground. Who are we to say no? We don't ask questions."

Once bought, the supplies are taken to "madala sites," which are areas in disused mining shafts that serve as mini villages and rest sites. Illegal miners who have spoken to The Times said the madala sites are also used in cases of tragedies for recovering and identifying bodies. They also contain makeshift sickbays where those who are injured can be treated and recuperate.

Philip, who is involved in security at one of Harmony Gold's mines in Welkom, said the madala sites had transformed the disused mines into another world.

"There are entire towns down there. People go down specifically to sell. Some go down for sex. That costs R,2500. The sex is from either prostitutes that are brought down or from legal women miners. When they take their shift breaks they meet the illegals for a few hours," said Philip.

He said the syndicates which run the illegal industry have connections to help them source what is required.

"They make it easy for traders. They offer them cash in large sums. They have connections in bottle- stores, wholesalers, cellphone shops, battery stores and protective clothing businesses," he said.

Philip said mine security and legal miners would often hear the zama zamas on their days off because they play loud music and party underground.

"When we go down there we can hear them, the sound travels. Sometimes it sounds like you are in a nightclub."

But for the police prosecuting those involved in the underground industry it is nearly impossible because it is hard to collect evidence.

A Welkom police station sergeant, who cannot be named as he is not authorised to speak to the media, said of their battles with the zama zamas: "All we can do now really is run disruption operations. When we hear of storage sites we raid them and confiscate their goods. But in the end we have to give their parcels back.

"You can't arrest people for being in possession of food. We often find farms being used as fronts for packaging their food. It's not just one farm, but dozens. The farmers get big kickbacks for allowing disused storerooms to be used as packing and storage facilities," said the police officer.

"When we do catch them making these food parcels, we cut open the packs so that they have to do it all over again. It's all we can really do to frustrate them."

Wits University anthropologist Robert Thornton, who specialises in studying illegal mining, said it "had a very big impact" on the economies of mining towns.

"You don't just have the miners going underground to mine. You have entire subsidiary industries developing around sites where illegal mining occurs. Within these subsidiary industries, you find people who make clothing, kneepads and protective gear, vendors selling food, and so on."

He said the importance of illegal mining was that the economic activity was diffused among the entire community.

Thornton said should illegal mining suddenly stop overnight in a mining town, it would have "a major impact" on the area.

"Very few people realise how important it is to the economy of these mining communities."

* * *

Join GATA here:

International Metal Writers Conference
Sponsored by Cambridge House
Sunday-Monday, May 28-29, 2017
Vancouver Convention Centre, East Building
Canada Place
Vancouver, British Columbia, Canada
http://cambridgehouse.com/event/68/international-metal-writers-conferenc...

GATA Reception at the International Metal Writers Conference
5-8 p.m. Monday, May 29, 2017
Lions Pub
888 West Cordova St.
Vancouver, British Columbia, Canada

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

May 21, 2017

7p ET Tuesday, May, 21, 2017

Dear Friend of GATA and Gold:

GATA will participate in Cambridge House's International Metal Writers Conference in Vancouver next Sunday and Monday, May 28 and 29.

GATA Board of Directors member Ed Steer, publisher of Ed Steer's Gold & Silver Digest letter, and your secretary/treasurer will be speaking, and GATA Chairman Bill Murphy, proprietor of LeMetropoleCafe.com, will preside over GATA's reception at the nearby Lions Pub following the conference.

Among other speakers at the conference will be Rick Rule of Sprott U.S. Holdings, David Morgan of The Morgan Report and Silver-Investor.com, Frank Holmes of U.S. Global Investors, Mickey Fulp of MercenaryGeologist.com, and Thom Calandra of The Calandra Report.

... Dispatch continues below ...



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/



The conference aims "to discuss, debate, and forecast the future of the junior mining industry in the junior mining capital of the world." Of course Vancouver is more than that, especially in the spring, when it is North America's most spectacular city.

Admission to the conference is free with advance registration. Admission will cost C$20 at the door.

The Fairmont Waterfront hotel, across the street from the convention center, is offering a conference rate.

The conference's internet site is here:

http://cambridgehouse.com/event/68/international-metal-writers-conferenc...

GATA's reception at the Lions Pub will be held from 5-8 p.m. Monday, May 29. The pub is located at 888 West Cordova St., a short walk from the convention center. Admission will be free. There will be a cash bar and, as usual, if the GATA delegation doesn't beat you to them, some free snacks.

The Lions Pub is a warm and cozy place in the heart of downtown Vancouver --

http://www.lionspub.ca/

-- and we hope to see many old and new friends there.

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

* * *

Join GATA here:

International Metal Writers Conference
Sponsored by Cambridge House
Sunday-Monday, May 28-29, 2017
Vancouver Convention Centre, East Building
Canada Place
Vancouver, British Columbia, Canada
http://cambridgehouse.com/event/68/international-metal-writers-conferenc...

GATA Reception at the International Metal Writers Conference
5-8 p.m. Monday, May 29, 2017
Lions Pub
888 West Cordova St.
Vancouver, British Columbia, Canada

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

May 21, 2017

6:53p ET Sunday, May 21, 2017

Dear Friend of GATA and Gold:

Fund manager Stephen Leeb, writing today for King World News, asserts that China is mining gold at a furious pace for a nominal loss -- because the country plans to link gold to its currency, the yuan, and thereby become the dominant power in Asia and even the world as the gold price explodes. Leeb's analysis is headlined "This Is Exactly How China Plans to Send the Price of Gold Skyrocketing" and it's posted at KWN here:

http://kingworldnews.com/this-is-exactly-how-china-plans-to-send-the-pri...

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:

International Metal Writers Conference
Sponsored by Cambridge House
Sunday-Monday, May 28-29, 2017
Vancouver Convention Centre, East Building
Canada Place
Vancouver, British Columbia, Canada
http://cambridgehouse.com/event/68/international-metal-writers-conferenc...

GATA Reception at the International Metal Writers Conference
5-8 p.m. Monday, May 29, 2017
Lions Pub
888 West Cordova St.
Vancouver, British Columbia, Canada

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

May 20, 2017

By Godfrey Marawanyika and Brian Latham
Bloomberg News
Friday, May 19, 2017

Zimbabwe may confiscate unused mining licenses from companies and liberalize gold trading as ways to boost output.

Large mines are "sitting on lots of unused claims," the southern African country's Chamber of Mines said in a document outlining initiatives of the proposed Command Mining program. Revisiting the Gold Trade Act "to allow for the ease of handling and transportation of gold to buying centers" and speeding up mine registration are among other recommendations.

Zimbabwe, whose economy has halved since 2000, is looking for ways to boost output growth to almost 10 percent next year, mainly through agriculture and manufacturing, and by giving more people access to banking services. The country, which has the world's biggest platinum reserves after South Africa, is experiencing a liquidity crisis that has led to limits on daily cash withdrawals and resulted in civil servants being paid late last month. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2017-05-19/zimbabwe-plans-use-it...



ADVERTISEMENT

Buy metals at GoldMoney and enjoy international storage

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:

International Metal Writers Conference
Sponsored by Cambridge House
Sunday-Monday, May 28-29, 2017
Vancouver Convention Centre, East Building
Canada Place
Vancouver, British Columbia, Canada
http://cambridgehouse.com/event/68/international-metal-writers-conferenc...

GATA Reception at the International Metal Writers Conference
5-8 p.m. Monday, May 29, 2017
Lions Pub
888 West Cordova St.
Vancouver, British Columbia, Canada

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

May 20, 2017

By Danielle Bochove
Bloomberg News
Thursday, May 18, 2017

From Canada's Yukon to southern Patagonia, outbreaks of gold-rush fever are popping up as bullion markets stage a tentative recovery.

The number of holes drilled at gold deposits has been rising steadily for more than a year, according to S&P Global Market Intelligence. And while early-stage exploration budgets haven't kept pace with spending at existing mines, prospecting hot spots are starting to pop up in traditional destinations Canada, Australia, and Latin America.

In some parts of Argentina, exploration has jumped about 50 percent, mainly for lithium but also for gold in provinces such as Santa Cruz, according to state-controlled energy company YPF SA. Chile's government also sees a pickup this year with prospectors focusing on both copper and gold. Colombia is also attracting more attention. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2017-05-18/from-yukon-to-patagon...



ADVERTISEMENT

Buy metals at GoldMoney and enjoy international storage

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:

International Metal Writers Conference
Sponsored by Cambridge House
Sunday-Monday, May 28-29, 2017
Vancouver Convention Centre, East Building
Canada Place
Vancouver, British Columbia, Canada
http://cambridgehouse.com/event/68/international-metal-writers-conferenc...

GATA Reception at the International Metal Writers Conference
5-8 p.m. Monday, May 29, 2017
Lions Pub
888 West Cordova St.
Vancouver, British Columbia, Canada

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