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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 05, 2016

By Jim Sinclair
JSMineSet.com
Tuesday, May 3, 2016

I have been exploring and analyzing the present and proposed litigation of gold and silver precious metals. I have reached some conclusions and want to share my views and offer you an important opportunity to join with me to address this problem in a never-before-used litigation approach.

Are you a precious metals share investor? A precious metals producer? A company whose business was injured as a result of the manipulation and suppression of the price of gold or silver? If so, please e-mail me as soon as possible and provide contact information for me to confer with you. If your entity meets the above criteria, I will speak with you as soon as possible.

I have investigated class-action suits and other conventional causes of action. I have not been satisfied by my findings. We need not only a cause of action; we need a prevailing case. We need a winning plan of action, not just another lawsuit on top of the heap of other emerging lawsuits. ...

... For the remainder of the commentary:

http://www.jsmineset.com/2016/05/03/have-you-been-damaged-by-the-manipul...



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Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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 05, 2016

By Enoch Yiu
South China Morning Post, Hong Kong
Wednesday, May 4, 2016

Gold trading between Hong Kong and China is expected to rise with the People's Bank of China announcing today a rule change from June 1 to simplify cross-border shipment procedures that would help speed up gold imports into the country.

Companies that frequently import and export gold and gold products will be allowed to apply for a single permit that can be used for up to 12 shipments, the central bank said in a statement on its website.

China currently has only 15 authorised gold importers, including major banks such ICBC, which need to register every single shipment.

Gold traders said the rule change would benefit not just mainland Chinese gold importers but also Hong Kong gold traders that deal with mainland importers. ...

... For the remainder of the report:

http://www.scmp.com/business/money/investment-products/article/1941353/h...



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Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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 04, 2016

4:29p ET Wednesday, May 4, 2016

Dear Friend of GATA and Gold:

Bullion banks, the TF Metals Report's Turd Ferguson writes today, are allowed to create infinite amounts of "paper gold" for sale on the New York Commodities Exchange and indeed are doing so to hold the price down. Of course these short positions are almost certainly either central bank positions or underwritten in some way by central banks. But of course as gold market expert Bron Suchecki wrote a few years ago, while the sellers may not have the gold they're selling, the speculators who are buying the paper probably probably don't have the money to take delivery -- or at least they haven't done so yet. Ferguson's commentary is headlined "Comex Gold Open Interest" and it's posted at the TF Metals Report's Internet site here:

http://www.tfmetalsreport.com/blog/7605/comex-gold-open-interest

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



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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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 03, 2016

6:05p ET Tuesday, May 3, 2016

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry today tells King World News that bullion banks seem more desperate than ever to contain the rise of the monetary metals but buyers of gold and silver mining shares haven't been scared off. Embry's interview is excerpted at the KWN Internet site here:

http://kingworldnews.com/when-the-global-ponzi-scheme-is-exposed-there-i...

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



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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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 03, 2016

By Jeremy Warner
The Telegraph, London
Tuesday, May 3, 2016

For someone who says he shuns the limelight, Craig Wright has chosen an oddly high profile way of laying claim to the title of digital genius behind the Bitcoin phenomenon.

If he wanted to keep his identity secret, did he really need to hire a public relations consultancy to broadcast it to the world, or to provide an elaborate series of "proofs" that he is indeed Satoshi Nakamoto, the pseudonym by which the Bitcoin mastermind has long been known? ...

The real significance of bitcoin is not its value as a digital currency but the algorithm that lies behind it -- a technology called blockchain. What this in essence does is allow payments to be made without reference to a centralised ledger. Instead of relying on a trusted third party to clear and settle any given transaction, the blockchain provides a so-called "distributed ledger," where the transaction becomes widely recorded by all users and therefore verified in multiple form. Blockchain thereby renders existing payments systems pretty much obsolete.

In itself, this is revolutionary enough. Santander InnoVentures, the Spanish bank's fintech investment fund, recently estimated that blockchain could save lenders $20 billion a year in cross-border settlement payments alone. Another study by Autonomous Research estimated that the cost of clearing and settling securities in G7 countries was $54 billion a year. Theoretically, blockchain could obviate all these costs. ...

... For the remainder of the commentary:

http://www.telegraph.co.uk/business/2016/05/03/central-banks-conspire-to...



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Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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 03, 2016

12:56a ET Tuesday, May 3, 2016

Dear Friend of GATA and Gold:

Replying to your secretary/treasurer's speculation last night that central banks lately may have moved from gold price suppression to allowing gold to rise to help devalue currencies and debt -–

http://www.gata.org/node/16427

-- market analyst Dan Norcini asserts that GATA has come over to his position:

http://news.goldseek.com/DanNorcini/1462284120.php

Not at all.

In the first place, Norcini had just written that rather than helping central banks avert deflation, a dramatically rising gold price would actually signify the end of the world:

http://news.goldseek.com/DanNorcini/1462129200.php

That is, Norcini wrote: "I still cannot stomach so many of these gold cult members who seem not to understand that when they are cheering predictions of $5,000, $50,000, etc., gold prices, they are cheering the ruin of everything around them."

Your secretary/treasurer's speculation had explicitly contradicted Norcini's assertion. So there's no agreement there.

... Dispatch continues below ...



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Now Norcini writes: "I had been saying for some time that the Fed was not behind weakness in the gold price ever since the dollar embarked on its bull run back in 2014."

Huh -- 2014? But GATA began complaining of gold market manipulation and suppression 15 years earlier, and Norcini goes on to concede that during much of that time he subscribed to GATA's views.

So do GATA and Norcini disagree only as to exactly when in the last few years central banks generally or the Federal Reserve particularly may have discontinued gold price suppression?

Once again, not really.

In the first place, your secretary/treasurer's commentary last night was admittedly only speculation. GATA doesn't know that Federal Reserve policy has changed from gold price suppression to dollar devaluation. Indeed, that speculation arose in large part from suspicion that central banks may not have lost control of the gold market and that, if gold is rising again, it is only because that is what central banks now want it to do and how they are guiding the market with their surreptitious trading.

That the Fed to this day remains up to its neck in gold market manipulation was confirmed at the central bank's highest levels just a few weeks ago when the president of the Federal Reserve Bank of New York, William Dudley, taking questions at a public forum in Virginia, clumsily refused to answer one about whether the Fed is involved in gold swaps. Then his press spokesman refused even to acknowledge GATA's follow-up question on the subject:

http://www.gata.org/node/16341

Anyone who doubts that U.S. government policy toward gold prior to 2014 was a policy of suppression is implored to dispute, specifically, document by document, the official records compiled here --

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

-- and here:

http://www.gata.org/node/16377

Norcini has not done that, though of course no one else who disparages GATA has done so either. In the absence of such dispute, it may be assumed that the records are genuine and that they are fairly construed as GATA has construed them.

Just as GATA doesn't care much about price predictions for gold, positive or negative, it doesn't care much about the "technical analysis" offered by Norcini and other gold market commentators, "technical analysis" of rigged markets being mere hallucination.

Rather, GATA cares mainly about free markets and limited, transparent, and accountable government, and so agreement or disagreement with GATA rests on the answers to these questions:

-- Are central banks involved in the gold market surreptitiously or not?

-- If central banks are involved in the gold market surreptitiously, is it just for fun -- for example, to see which central bank's trading desk can make the most money by cheating the most investors -- or is it for policy purposes?

-- If central banks are surreptitiously in the gold market for policy purposes, are these the traditional purposes of defeating a potentially competitive world reserve currency? Or have these purposes lately expanded to include purposes like devaluing currencies and debt to avert a catastrophic worldwide debt deflation, the emergency policy anticipated in 2006 by the Scottish economist Peter Millar, whose study of gold revaluation often has been publicized by GATA?:

http://www.gata.org/node/4843

-- If central banks, creators of infinite money, are surreptitiously trading a market, how can it be considered a market at all, and how can any country or the world ever enjoy a market economy again?

Just as Norcini has not challenged GATA's documentation of gold market rigging, he also seems not to have addressed those questions. But then no other critic of GATA has addressed them either. For as Chesterton wrote a hundred years ago, "As is common in most modern discussions, the unmentionable thing is the pivot of the whole discussion."

If central banks are surreptitiously trading markets, Norcini's "technical analysis" is the least of the casualties. In that case markets and even democracy itself are finished.

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

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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 03, 2016

9:38p ET Monday, May 2, 2016

Dear Friend of GATA and Gold:

Profit Confidential's Robert Appel's commentary today is headlined "The Brink of Economic Collapse? How Did This Happen?" His answer is the ever-intensifying manipulation and distortion of markets by central banks and their agents. Appel's commentary is posted at Profit Confidential here:

http://www.profitconfidential.com/economy/the-brink-of-economic-collapse...

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



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Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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 02, 2016

3p ET Monday, May 2, 2016

Dear Friend of GATA and Gold:

GoldSeek Radio's Chris Waltzek interviews GATA Chairman Bill Murphy, discussing, among other things, the refusal of the president of the Federal Reserve Bank of New York, William Dudley, to answer whether the bank is involved in gold swaps; the increasing accumulation of gold by central banks in China and Russia; and the recent strength in monetary metals prices. The interview is 12 minutes long and begins at the 32:07 mark at GoldSeek Radio here:

http://news.goldseek.com/radio/1462213502.php

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



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Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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