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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

Oct 20, 2018

9:44a ET Saturday, October 20, 2018

Dear Friend of GATA and Gold:

Our friend Lawrence Lepard, managing partner of Equity Management Associates in Wellesley, Massachusetts, whose investments have been concentrated in the monetary metals mining industry, has just sent a letter to his investors outlining the case for an upward reversal in the industry's fortunes.

... Dispatch continues below ...



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Lepard's letter may be most interesting for showing that the monetary metals are now priced far below traditional valuations and for arguing that any reversion to the mean would be explosive.

Perhaps most telling is the letter's chart showing the sharp break in 2011 in the historic correlation between the gold price and the U.S. national debt -- a break that powerfully implies urgent official intervention against a rising gold price.

Lepard has kindly allowed GATA to share the letter with you and so it is posted in PDF format here:

http://www.gata.org/files/EMA-GARP-Fund-Letter-10-2018.pdf

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

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow...

* * *

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

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EMA-GARP-Fund-Letter-10-2018.pdf2.9 MB

Oct 19, 2018

By Brien Lundin
Editor, Gold Newsletter
and CEO, New Orleans Investment Conference
Friday, October 19, 2018

We have an amazing faculty for this year's New Orleans Investment Conference, to be held Thursday through Sunday, November 1-4. As usual, we start with "big picture" experts like Robert Kiyosaki, James Grant, Mark Steyn, Jonah Goldberg, Guy Adami, Dennis Gartman, Doug Casey, Rick Rule, Peter Schiff, and more.

We get more specific with experts like deadly-accurate market forecaster Keith Fitz-Gerald, wealth and livelihood preservationists Chris Martenson and Adam Taggart, influential market economist Peter Boockvar, renowned crypto expert Juraj Bednar, and popular analysts Ben Hunt, Bob Prechter, Mark Skousen, Sean Levine, Matt Warder, Tom Wheelwright, The Real Estate Guys, and Steve Hochberg.

... Dispatch continues below ...



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Do You Own Gold in the Safest Way?

Do you own gold via an ETF, a digital gold provider, or another form of pooled gold?

Did you know that only a tiny fraction of their gold holdings are effectively available for delivery in coin or bar format at any one time?

GoldCoreGraphic

Direct Access Gold reduces counterparty risk and systemic risk and ensures liquidity, competitive pricing, and outright ownership of investors' gold.

Direct Access Gold protects our clients against certain systemic risks, including cyberwar involving electrical grid & internet outages.

In the event of a technological failure, digital gold or exchange-traded fund providers may become uncontactable and you may not be able to sell or access your gold.

Direct Access Gold gives gold owners the ability, in the event of certain geopolitical, digital, and systemic events, to take delivery or move their gold to a location of their choice.

For key information and a video about Direct Access Gold, please visit:

https://info.goldcore.com/direct-access-gold



And of course we're going to focus on every investment sector -- but specifically metals and mining -- with experts like Adrian Day, Nick Hodge, Louis James, Byron King, Sean Brodrick, Lawrence Roulston, Lindsay Hall, Mary Anne and Pamela Aden, Omar Ayales, Thom Calandra, Gerardo Del Real, Mickey Fulp, Rich Checkan, GATA's Bill Murphy and Chris Powell, and more.

But there's a sense of urgency to this year's event for a couple of reasons.

One is that gold seems ready to begin its next rally at any moment. Not only that but, if speculator sentiment is any indication, this next move in gold could be historic.

That would imply life-changing returns in mining stocks -- and there's no better place to be in that scenario than the New Orleans Investment Conference.

Second, I'm getting concerned about our room block at the New Orleans Hilton Riverside hotel. At the current rate of response, we're likely to sell out well before the conference.

If you lock in your place now, you'll guarantee accommodations in our convenient host hotel, just an elevator ride to our general sessions and social events.

Moreover, you'll also lock in a savings of up to $400 per registration. And, as a former conference attendee, you'll qualify for a free Gold Club upgrade. That's a $189 value.

To learn more and reserve all of these benefits, just click here:

https://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Po...

Be sure to enter FREEGOLDCLUB as your discount code to claim your free Gold Club upgrade.

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow...

* * *

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

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GoldCoreGraphic.png152.26 KB

Oct 18, 2018

9:38p ET Wednesday, October 17, 2018

Dear Friend of GATA and Gold:

Zero Hedge reports tonight that the tight correlation of the valuation of the Chinese yuan and the price of gold, which appears to have begun in February, has suddenly snapped, with the yuan sinking without also taking gold down with it.

... Dispatch continues below ...



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Of course such a tight correlation is unlikely to be maintained by ordinary market forces. It almost certainly could not happen except as the result of steady intervention by an entity with access to huge amounts of money, legal authorization to rig markets, and the motive to do so. The only entities fitting those requirements are governments and central banks.

Zero Hedge's analysis is headlined "Did the People's Bank of China Just Lose Control? One Chart Says 'Yes'" and it's posted here:

https://www.zerohedge.com/news/2018-10-17/did-pboc-just-lose-control-one...

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

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow...

* * *

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

Oct 17, 2018

By Chris Dolmetsch
Bloomberg News
Wednesday, October 17, 2018

Two former traders at Deutsche Bank AG were convicted today by a New York jury of conspiring to rig Libor, a key interest-rate benchmark, handing a victory to U.S. prosecutors targeting behavior by individuals at financial institutions that have paid billions of dollars to settle government claims.

Matthew Connolly and Gavin Black were found guilty of trying to manipulate the London interbank offered rate, which is used to value trillions of dollars of financial products, from 2004 to 2011.

... Dispatch continues below ...



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Since regulators began a global crackdown on how the Libor benchmark is set, banks including Deutsche Bank and Barclays Bank have agreed to pay more than $9 billion in fines. Dozens of traders have been fined, barred from the financial industry, or criminally charged in different countries. But only four, including Connolly and Black, have been found guilty at a U.S. trial, and the other two convictions were reversed. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-10-17/ex-deutsche-bank-trad...


* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow...

* * *

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

Oct 17, 2018

By Marton Eder and Nicholas Larkin
Bloomberg News
Tuesday, October 16, 2018

Hungary's central bank increased its gold reserves 10-fold, citing the need to improve its holdings' safety, joining regional peers with relatively high ownership in the European Union's east.

Following a similar move by Poland, the central bank in Budapest now holds 31.5 tons of the metal, taking the share among total reserves to 4.4 percent, in line with the average in the region, according to a statement published on its website today.

... Dispatch continues below ...



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Governor Gyorgy Matolcsy touted the move as a way to improve the security of the nation's wealth and a nod to Hungary's heritage as one of the world's largest gold producers in the Middle Ages. Marton Nagy, Matolcsy's deputy, declined to say if the bank's overall reserves had grown. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-10-16/hungary-increases-gol...

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow...

* * *

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

Oct 17, 2018

8:54p ET Tuesday, October 16, 2018

Dear Friend of GATA and Gold:

Writing at Sprott Money tonight, the TF Metals Report's Craig Hemke explains how the U.S. government's budget deficit is far greater than generally understood. Hemke adds that if the price of gold returns to its normal relationship with total U.S. government debt, the price will be far higher than it is today.

Hemke's analysis is headlined "The Golden Implications of Total U.S. Deficits, Debt, and Debt Service" and it's posted at Sprott Money here:

https://www.sprottmoney.com/Blog/the-golden-implications-of-total-us-def...

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



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Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow...

* * *

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

Oct 16, 2018

By Ronan Manly
Bullion Star, Singapore
Tuesday, October 16, 2018

In one of the most profound developments in the central bank gold market for a long time, the Hungarian National Bank, Hungary's central bank, has just announced a 10-fold jump in its monetary gold holdings.

The central bank, known as Magyar Nemzeti Bank in Hungarian, made the announcement in Budapest, Hungary's capital. ...

... For the remainder of the report:

https://www.bullionstar.com/blogs/ronan-manly/surprise-move-central-bank...



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Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow...

* * *

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

Oct 15, 2018

By Kevin Dugan
New York Post
Thursday, October 11, 2018

Fresh dirt has spilled at Goldman Sachs -- and this time it has been caught on tape.

David Solomon, who took the helm of the Wall Street giant from Lloyd Blankfein last week, once blew off criticism of Goldman's double-dealing in a big energy merger as a matter of "perception" -- a cheeky dismissal that came despite a class-action lawsuit against the deal that eventually cost Goldman $20 million in fees.

... Dispatch continues below ...


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That's among the cringeworthy quotes that Carmen Segarra claims she secretly recorded behind closed doors for her new book "Noncompliant: A Lone Whistleblower Exposes the Giants of Wall Street."

The 340-page expose expands on her previous claims that Goldman Sachs has long exploited an improperly cozy relationship with Wall Street regulators. ...

... For the remainder of the report:

https://nypost.com/2018/10/11/whistleblowers-new-book-shares-secret-tape...


* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow...

* * *

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