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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
By Ian Smith and Mary McDougall
Financial Times, London
Saturday, May 10, 2025
The dumping of U.S. assets in favor of Europe's resurgent markets signals the start of a much longer-term move by pension funds and other big institutional money managers to cut back their huge exposure to dollar investments, investors say.
Wall Street banks say they are seeing signs that investors managing trillions of dollars of assets are starting to trim their U.S. positions, on concerns over erratic policymaking, President Donald Trump's attacks on the Federal Reserve chair, and the fallout from the trade war.
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First Majestic Announces Q1 Results with Record Cash Position
Company Announcement
Wednesday, May 7, 2025
Vancouver, British Columbia, Canada -- First Majestic Silver Corp. (NYSE:AG) (TSX:AG) (FSE:FMV) is pleased to announce the company's unaudited condensed interim consolidated financial results for the first quarter ended March 31, 2025. ...
"Our robust production for Q1 has yielded strong financial performance for the quarter," President and CEO Keith Neumeyer said. "We have hit multiple record financial metrics including a record $110 million in cash flow from operations and the highest treasury balance in the company's 21+-year history, our balance sheet has never been stronger, and we are on track to have a stellar year. Our focus remains to deliver on our commitments in producing safe and profitable ounces." ...
... For the remainder of the announcement:
Although U.S. stocks have almost recovered their losses since Trump's so-called "liberation day" tariff announcements rocked global markets last month, they remain in negative territory this year and behind global peers. The dollar is down more than 7% this year, with some investors pointing to "capital flight" from the U.S. to other assets such as German government debt. ...
... For the remainder of the report:
https://www.ft.com/content/4d7892b3-ec07-4ae9-ae93-dcd34ad42c5b
* * *
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 Marcelo Rochabrun and James Attwood
Bloomberg News
Friday, May 9, 2025
Peruvian gold output is expected to be significantly dented in the coming month due to a mining ban in a northern region of the country that has seen an increase in criminal activity, culminating in the murder of 13 mine workers.
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First Majestic Announces Q1 Results with Record Cash Position
Company Announcement
Wednesday, May 7, 2025
Vancouver, British Columbia, Canada -- First Majestic Silver Corp. (NYSE:AG) (TSX:AG) (FSE:FMV) is pleased to announce the company's unaudited condensed interim consolidated financial results for the first quarter ended March 31, 2025. ...
"Our robust production for Q1 has yielded strong financial performance for the quarter," President and CEO Keith Neumeyer said. "We have hit multiple record financial metrics including a record $110 million in cash flow from operations and the highest treasury balance in the company's 21+-year history, our balance sheet has never been stronger, and we are on track to have a stellar year. Our focus remains to deliver on our commitments in producing safe and profitable ounces." ...
... For the remainder of the announcement:
The central bank estimates that companies will lose about 60,000 ounces of production in the next 30 days, its chief economist Adrian Armas told reporters Friday. That's worth about $200 million at current prices and represents about 20% of the country's total output in February, the most recent production data available.
The most impacted company will be Cia Minera Poderosa, which operates a major gold mine in an area that has become a hotbed of violence. ...
... 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 Polina Devitt
Reuters
Thursday, May 8, 2025
LONDON -- The London Bullion Market Association said today that gold held in London vaults totalled 8,536 metric tons at the end of April, up 0.6% from the previous month, as more of the precious metal returned from New York to London after dislocation.
... Dispatch continues below ...
... ADVERTISEMENT ...
First Majestic Announces Q1 Results with Record Cash Position
Company Announcement
Wednesday, May 7, 2025
Vancouver, British Columbia, Canada -- First Majestic Silver Corp. (NYSE:AG) (TSX:AG) (FSE:FMV) is pleased to announce the company's unaudited condensed interim consolidated financial results for the first quarter ended March 31, 2025. ...
"Our robust production for Q1 has yielded strong financial performance for the quarter," President and CEO Keith Neumeyer said. "We have hit multiple record financial metrics including a record $110 million in cash flow from operations and the highest treasury balance in the company's 21+-year history, our balance sheet has never been stronger, and we are on track to have a stellar year. Our focus remains to deliver on our commitments in producing safe and profitable ounces." ...
... For the remainder of the announcement:
The premium of the most active Comex gold futures over London spot prices normalized in April, when the Trump administration excluded the precious metal from broader U.S. import tariffs, after being elevated for months.
There were also 22,859 tons of silver held in London vaults in April, up 3.3 % from March, the LBMA said. Silver holdings in London rose for the first time since October 2024. ...
... 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 Luigi Serenelli
Investments and Pensions Europe, London
Friday, May 9, 2025
Swiss pension funds are reassessing their exposure to U.S. dollar-denominated assets in light of rising hedging costs, growing concerns over U.S. fiscal policy, and increasing national debt levels.
Speaking during a conference call hosted by consultancy Complementa this week, Andreas Rothacher, head of investment research, said there is now a "certain loss of trust" in the U.S. as an issuer of sovereign debt. He cited high hedging costs and the mounting level of U.S. public debt as key drivers of Swiss pension funds' strategic decisions.
... Dispatch continues below ...
... ADVERTISEMENT ...
First Majestic Announces Q1 Results with Record Cash Position
Company Announcement
Wednesday, May 7, 2025
Vancouver, British Columbia, Canada -- First Majestic Silver Corp. (NYSE:AG) (TSX:AG) (FSE:FMV) is pleased to announce the company's unaudited condensed interim consolidated financial results for the first quarter ended March 31, 2025. ...
"Our robust production for Q1 has yielded strong financial performance for the quarter," President and CEO Keith Neumeyer said. "We have hit multiple record financial metrics including a record $110 million in cash flow from operations and the highest treasury balance in the company's 21+-year history, our balance sheet has never been stronger, and we are on track to have a stellar year. Our focus remains to deliver on our commitments in producing safe and profitable ounces." ...
... For the remainder of the announcement:
Swiss pension funds already began reducing or exiting foreign currency government bonds, particularly U.S. Treasuries, last year.
This retrenchment is not limited to U.S. sovereign debt. Thomas Breitenmoser, head of investment consulting at Complementa, added that Swiss pension schemes are also cutting exposure to euro-denominated government bonds in favor of corporate credit, while maintaining only modest allocations to sovereign bonds in foreign currencies. ...
... 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 Isabelle Lee
Bloomberg News
via Yahoo News, Sunnyvale, California
Friday, May 9, 2025
The culture clash between Bitcoin enthusiasts and gold bugs is about to be played out in the world of exchange-traded funds.
Tidal Financial Group this week filed to launch a pair of long-short trades -- pitting the world's biggest cryptocurrency against the shiny metal, and vice versa -- offering investors a high-conviction bet on the best alternative hedge, in one fell swoop.
... Dispatch continues below ...
... ADVERTISEMENT ...
First Majestic Announces Q1 Results with Record Cash Position
Company Announcement
Wednesday, May 7, 2025
Vancouver, British Columbia, Canada -- First Majestic Silver Corp. (NYSE:AG) (TSX:AG) (FSE:FMV) is pleased to announce the company's unaudited condensed interim consolidated financial results for the first quarter ended March 31, 2025. ...
"Our robust production for Q1 has yielded strong financial performance for the quarter," President and CEO Keith Neumeyer said. "We have hit multiple record financial metrics including a record $110 million in cash flow from operations and the highest treasury balance in the company's 21+-year history, our balance sheet has never been stronger, and we are on track to have a stellar year. Our focus remains to deliver on our commitments in producing safe and profitable ounces." ...
... For the remainder of the announcement:
Packaged under the Battleshares brand, the novel exchange-traded funds would monetize the long-running debate about the ultimate store of value for those fearing everything from trade wars and geopolitical stresses to fiscal and monetary largesse.
The ideological divide among the retail and institutional masses has raged since Bitcoin was born from the ashes of the 2008 crisis, and it comes just as both assets have surged over the past year on starkly different narratives. ...
... For the remainder of the report:
https://finance.yahoo.com/news/wall-street-brings-bitcoin-versus-121814642.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
But please watch out, friends. Most of the Polish gold is said to be vaulted with you-know-who in London and New York. It might be more secure in Haiti or Sudan.
* * *
From Notes from Poland, Krakow
Friday, May 9, 2025
The National Bank of Poland now holds 509.3 tonnes of gold, exceeding the reserves of the European Central Bank, says bank Governor Adam Glapinski says.
"This shows the stability, abundance, and solvency of the Polish economy," Glapiński told reporters during a press conference. He sees gold as a shield against global instability and a cornerstone of economic sovereignty.
... Dispatch continues below ...
... ADVERTISEMENT ...
First Majestic Announces Q1 Results with Record Cash Position
Company Announcement
Wednesday, May 7, 2025
Vancouver, British Columbia, Canada -- First Majestic Silver Corp. (NYSE:AG) (TSX:AG) (FSE:FMV) is pleased to announce the company's unaudited condensed interim consolidated financial results for the first quarter ended March 31, 2025. ...
"Our robust production for Q1 has yielded strong financial performance for the quarter," President and CEO Keith Neumeyer said. "We have hit multiple record financial metrics including a record $110 million in cash flow from operations and the highest treasury balance in the company's 21+-year history, our balance sheet has never been stronger, and we are on track to have a stellar year. Our focus remains to deliver on our commitments in producing safe and profitable ounces." ...
... For the remainder of the announcement:
Gold now accounts for 22% of the Polish central bank's total reserves, above the bank's 20% target, according to Glapinski, who notes that the bank's holdings are now greater than the 506.5 tonnes of gold held by the ECB, which sets monetary policy for the Eurozone and the European Union. ...
About 20% of the National Bank of Poland's gold is stored in Poland itself, with the remainder deposited in New York and London. Glapinski said the bank aims to hold one-third of its gold in each of the three locations for security purposes. ...
... 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
From Reuters
Thursday, May 8, 2025
China's central bank has approved foreign exchange purchases by some commercial banks to pay for gold imports under recently increased quotas, two people with direct knowledge of the matter said Wednesday.
The People's Bank of China's gold import quotas for the country's big banks determine how much bullion enters the world's leading consumer of the precious metal. It has in the past tweaked these quotas to help calibrate demand for dollars.
... Dispatch continues below ...
... ADVERTISEMENT ...
First Majestic Announces Q1 Results with Record Cash Position
Company Announcement
Wednesday, May 7, 2025
Vancouver, British Columbia, Canada -- First Majestic Silver Corp. (NYSE:AG) (TSX:AG) (FSE:FMV) is pleased to announce the company's unaudited condensed interim consolidated financial results for the first quarter ended March 31, 2025. ...
"Our robust production for Q1 has yielded strong financial performance for the quarter," President and CEO Keith Neumeyer said. "We have hit multiple record financial metrics including a record $110 million in cash flow from operations and the highest treasury balance in the company's 21+-year history, our balance sheet has never been stronger, and we are on track to have a stellar year. Our focus remains to deliver on our commitments in producing safe and profitable ounces." ...
... For the remainder of the announcement:
The sources said the PBOC raised such quotas for gold imports last month and has now also allowed the banks to buy the dollars to fund these gold imports.
The move comes on the heels of a raft of stimulus measures announced Wednesday by Chinese authorities, including interest rate cuts and a major liquidity injection, as Beijing steps up efforts to soften the economic damage caused by the trade war with the United States.
It could help lenders meet a significantly increased appetite for gold while slowing the pace of yuan appreciation, one of the sources said. ...
... 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 Kacen Bayless
Kansas City Star
Wednesday, May 7, 2025
Shoppers in Kansas City and across Missouri could soon be able to pay for their groceries and pay taxes with gold and silver.
Missouri lawmakers, in a move that surprised some, this week approved a controversial bill that would make gold and silver legal tender in the state. The legislation, which passed both chambers of the General Assembly as an amendment to a sweeping finance-related bill, is headed to Republican Gov. Mike Kehoe’s desk.
... Dispatch continues below ...
... ADVERTISEMENT ...
First Majestic Announces Q1 Results with Record Cash Position
Company Announcement
Wednesday, May 7, 2025
Vancouver, British Columbia, Canada -- First Majestic Silver Corp. (NYSE:AG) (TSX:AG) (FSE:FMV) is pleased to announce the company's unaudited condensed interim consolidated financial results for the first quarter ended March 31, 2025. ...
"Our robust production for Q1 has yielded strong financial performance for the quarter," President and CEO Keith Neumeyer said. "We have hit multiple record financial metrics including a record $110 million in cash flow from operations and the highest treasury balance in the company's 21+-year history, our balance sheet has never been stronger, and we are on track to have a stellar year. Our focus remains to deliver on our commitments in producing safe and profitable ounces." ...
... For the remainder of the announcement:
The Republican-led legislation would require state government entities to accept electronic versions of gold and silver, called "electronic specie currency," as forms of payment for taxes and public debts.
While the measure would not require businesses to accept gold and silver as payment for private uses, such as groceries, it would allow them to do so. ...
... For the remainder of the report:
https://www.kansascity.com/news/politics-government/article305909336.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
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