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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
From Reuters
Tuesday, April 22, 2025
Canada's Barrick Gold said today it will exit the Donlin gold Project in Alaska by selling its 50% stake to billionaire John Paulson and NovaGold Resources for up to $1.1 billion.
The Donlin Gold project is a proposed mine that holds roughly 39 million ounces of gold. It was jointly owned by Barrick Gold and NovaGold, holding a 50% stake each.
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U.S.-listed shares of Barrick Gold were up 1.7% before the bell, which were also supported by higher prices of the bullion.
Paulson and NovaGold will acquire 80% and 20%, respectively, of Barrick Gold's interest in the entity, for $1 billion in cash. ...
... 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
By Amy Lv and Lewis Jackson
Reuters
Tuesday, April 22, 2025
BEIJING -- China is considering setting up overseas warehouses to aid international settlement of specific products on the Shanghai Gold Exchange, its central bank said Monday.
Shanghai Gold Exchange will be supported to conduct cooperation with overseas exchanges to expand use of the yuan benchmark in the international market, the statement said.
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The plan to further enhance cross-border financial services in Shanghai was jointly issued by four state agencies including the People's Bank of China.
Although it did not specify which products would be subject to the plan, the Shanghai Gold Exchange mainly deals with trading of precious metals gold, silver, and platinum.
Beijing has long wanted to step up globalisation of some commodities to enhance its pricing power and international influence. ...
... 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
By Niall McGee
The Globe and Mail, Toronto
Monday, April 21, 2025
Ross Beaty-backed Lumina Gold Corp. has agreed to be acquired by a subsidiary of China’s CMOC Group Ltd. for $581 million.
Vancouver-based Lumina is developing the Cangrejos gold project in Ecuador. In 2023 the company published an engineering study that showed the potential for a mine to produce 9.8 million ounces of gold, 7.8 million ounces of silver, and 1.1 billion pounds of copper over 26 years. The capital cost for the initial phase of the project was projected at US$925 million.
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Well-known Canadian mining financier and philanthropist Beaty is Lumina's biggest shareholder.
CMOC Singapore Pte. Ltd. is offering to pay $1.27 a share in cash to Lumina shareholders, a 41% premium to the stock's closing price on Thursday. CMOC Group is a major global producer of molybdenum and tungsten in China, of copper and cobalt in the Democratic Republic of Congo, and of niobium and phosphate in Brazil.
CMOC is publicly traded, but one of its largest shareholders is Luoyang Mining Group, a state-controlled entity in China. ...
... 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
By Lee Ying Shan
CNBC, New York
Monday, April 21, 2025
The dollar has been sliding and the ripple effect on other currencies has brought a mix of relief and headache to central banks around the world.
Uncertainty about U.S. policymaking has led to a flight out of the U.S. dollar and Treasurys in recent weeks, with the dollar index weakening more than 9% so far this year. Market watchers see further declines.
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According to Bank of America's most recent Global Fund Manager Survey, a net 61% of participants anticipate a decline in the dollar's value over the next 12 months -- the most pessimistic outlook of major investors in almost 20 years. ...
... 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
11a ET Saturday, April 19, 2025
Dear Friend of GATA and Gold:
Interviewed this week by Liberty and Finance's Dunagun Kaiser, GATA board member Ed Steer, proprietor of Ed Steer's Gold and Silver Digest letter, says the sharp rise in gold's price and the frantic movements of gold around the world in recent months signify the collapse of the derivatives system of price suppression.
Steer adds that inventories of silver are "perilously low" and much higher prices are likely soon.
The interview is a half hour long and can be heard at YouTube here:
https://www.youtube.com/watch?v=P7XT9oW7XJE
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]
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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 Ernest Scheyder
Reuters
Friday, April 18, 2025
The White House on Friday said it will fast-track permitting for 10 mining projects across the United States as part of President Donald Trump's push to expand critical minerals production.
The projects -- which would supply copper, antimony, and other minerals -- have been granted FAST-41 status, a federal initiative launched in 2015 to streamline approvals of critical infrastructure.
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The White House said it will add more projects.
The initial 10 are listed on a U.S. federal website --
https://www.permits.performance.gov/projects/transparency-projects
-- where their permitting progress can be publicly tracked, part of what the Trump administration calls a push for greater transparency and faster permitting. ...
... 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
... and complained in the Wall Street Journal about policy makers 'suppressing market prices they don't like':
https://www.gata.org/node/7819
https://www.gata.org/node/10839
* * *
Trump Is Reported Planning to Replace Jerome Powell as Federal Reserve chairman with Former Fed Governor Kevin Warsh
By Bryan Mena and Elisabeth Buchwald
CNN, New York
via Yahoo News, Sunnyvale, California
Friday, April 18, 2025
President Donald Trump on Thursday again made clear his disdain for Federal Reserve Chair Jerome Powell, going so far as to say the central banker's "termination can't come fast enough" and saying in an Oval Office event that Powell will "be out of there real fast" if the president wants to replace him.
While many experts say the president does not in fact have the power to fire the Fed chief for policy differences, Trump has made clear he's willing to break with norms and precedent, even in the face of potentially monumental repercussions.
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Regardless, the leading contender to lead the U.S. central bank under Trump, whether at the end of Powell's term in May 2026 or earlier, reportedly appears to be Kevin Warsh, a former Fed governor who previously was under consideration to be Trump's Treasury secretary for the president's second term and was a candidate for the top job at the Fed during Trump's first term. ...
... For the remainder of the report:
https://www.yahoo.com/finance/news/trump-wants-fire-fed-chair-090036541.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
By Adam Sharp
The Daily Reckoning, Baltimore
Friday, April 18, 2025
According to the latest survey of fund managers by Bank of America, 49% say gold is the most crowded trade.
This marks the first time in two years that the Magnificent 7 tech stocks did not top the "overcrowded" survey.
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However, there's a problem here. The fund managers responding to this survey clearly don't know much about the gold market. My guess is they have not positioned their clients for the rise in gold and are lashing out against bullion's rise.
Gold is by no means a crowded trade, as we will show today. Central banks are driving this bull market in gold. Retail and institutional investors have barely gotten involved (yet). ...
... For the remainder of the commentary:
https://dailyreckoning.com/the-too-crowded-gold-trade/
* * *
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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