Support all your favorite nonprofits with a single donation.

Donate safely, anonymously & monthly, in any amount. It's a smarter way to give online. Learn more
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 24, 2025

11p ET Thursday, October 23, 2025

Dear Friend of GATA and Gold (and Silver):
 
Interviewed with Charlotte McLeod of Investing News Network, GATA Board of Directors member Ed Steer, publisher of Ed Steer's Gold and Silver Digest letter, explains why he thinks a sharply rising silver price is inevitable. The short position of the investment banks is too high, he says, and industrial and investment demand is "rapacious."

The interview is 31 minutes long and can be heard at YouTube here:

https://www.youtube.com/watch?v=RzTLT_U4mWc

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:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/

* * *

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:

https://tinyurl.com/3xt6uw66

* * *

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

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

Oct 23, 2025

By Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Thursday, October 23, 2025

With gold and silver pulling back from their all-time highs over the last few days, the naysayers on Wall Street –- who totally missed the huge rally in both metals since Labor Day -- have boldly declared the top is in.

They further claim the dollar "debasement trade" has ended ... and the U.S. dollar is set to strengthen.

... Dispatch continues below ...


... ADVERTISEMENT ...

The Gold Tree of Life in the popular 1-ounce format, along with the Gold Tree of Life 0.1-ounce and the Silver Tree of Life 1-ounce, 
are now available from Tara Coins directly and from authorized distributors in the U.S. and worldwide

The Gold Tree of Life in the popular 1-ounce format, along with the Gold Tree of Life 0.1-ounce and the Silver Tree of Life 1-ounce, are now available from Tara Coins directly or from authorized distributors in the United States and worldwide.

The Gold and Silver Trees of Life are the first 99.99% Irish bullion rounds and are truly sovereign (non-legal tender) coins. They are beautiful and limited in mintage and supply, making them highly desirable as gifts, collectible coins, and -- most importantly -- as stores of value.

Tara Coins is a designer, wholesaler, and retailer of Irish bullion products, selling beautiful, collectible, store-of-value, 99.99% pure Irish silver and gold bullion.

GATA supporter Money Metals Exchange is now one of Tara Coins' leading distributors in the U.S. and is selling all the Gold and Silver Trees of Life coins for delivery or storage at its vault in Idaho.

For more information about Tara Coins' Gold and Silver Trees of Life, including minimum order sizes and premiums to purchase them, please contact us at [email protected] or visit us at https://www.taracoins.com/.


We believe this is wishful thinking by the "paper bugs" who always seem to find a new excuse to bash gold and silver -- and ridicule those who buy it.

As we're now 25 years into a secular bull run that has seen precious metals outperform U.S. stock indexes, you'd think these Wall Street sharpies would have finally changed their tune. ...

... For the remainder of the analysis:

https://www.moneymetals.com/news/2025/10/23/wall-streets-dollar-centric-thinking-is-a-financial-killer-004433

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/

* * *

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:

https://tinyurl.com/3xt6uw66

* * *

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

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

Oct 23, 2025

9:13a ET Thursday, October 23, 2025

Dear Friend of GATA and Gold:

Market analyst Vince Lanci has posted some wonderful commentary at his proprietary internet site --

https://vblgoldfix.substack.com/

-- much of which has been reposted by ZeroHedge today. It's headlined "China Calls Gold Bluff, U.S. Pushes Back" and nails the gold story in a section headlined "Rules of a Managed Market."

Those rules are 1) that gold can go up but not too fast and 2) gold must never receive sustained favorable news coverage.

The excerpt can be found at ZeroHedge here: 

https://www.zerohedge.com/news/2025-10-22/china-calls-gold-bluff-us-pushes-back

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


... ADVERTISEMENT ...

Buy, Sell, or Store Precious Metals with Money Metals Exchange

Money Metals Exchange, a national bullion dealer recently named "Best Overall" by Investopedia.com --

https://www.moneymetals.com/news/2021/02/01/best-overall-precious-metals-dealer-002213

-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.

Shop online with Money Metals Exchange here --

https://www.moneymetals.com/buy

-- or by calling 1-800-800-1865.

Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost:

https://www.moneymetals.com/depository


Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/

* * *

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:

https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1

* * *

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

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

Oct 23, 2025

By Olaf Storbeck
Financial Times, London
Wednesday, October 22, 2025

The German finance ministry has stopped the planned sale of two commemorative coins after the cost of their silver content surpassed their face value.

The unusual step, which affects the issuance over the next three months of a E20 and a E25 coin popular with collectors, highlights the extent of the current rally in precious metals. 

... Dispatch continues below ...


... ADVERTISEMENT ...

Are you ready to safeguard your assets using precious metals?

Hero Bullion is a precious metals dealer with an extensive inventory of competitively priced gold, silver, and platinum products.

We didn't get into this business just to sell metals. Our goal is to educate investors to help them make sounder financial decisions. For four years we have focused on educational resources, competitive prices, and reliable, secure shipping.

Check out our reviews. Hero Bullion is quickly becoming a favorite of customers all over the country. We're committed to helping you cut through the hype and build your portfolio with high-quality, affordable precious metals.

Visit us here: www.herobullion.com

Hero Bullion: Gold and silver simply delivered


While the surge in the silver price is less pronounced than that of the gold price, the precious metal reached a new all-time high this month at $54.30 per troy ounce and is 60% more expensive than at the start of the year. 

The first casualty is a coin depicting the biblical "Three Wise Men" as part of a Christmas-themed series of E25 coins that started in 2021. They are made from 22 grams of pure silver, which has a current market value of about E29. Previous editions have been sold for as much as E45.95. ...

... For the remainder of the report:

https://www.ft.com/content/04000284-6713-4de6-ae9f-18316c7b8343

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/

* * *

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:

https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1

* * *

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

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

Oct 23, 2025

After Gold's Big Plunge, Here's What History Shows Could Happen Next

By Myra P. Saefong
MarketWatch, New York
via MSN News, Redmond, Washington
Wednesday, October 22, 2025

Gold prices fell again on Wednesday, a day after posting their biggest one-day drop in over a decade -- yet history shows that the plunge is more likely to be followed by a modest move higher. ...

But a look at previous big daily declines for the precious metal -- those of 5% of more -- shows that drops like this one may not have a lasting effect.

... Dispatch continues below ...


... ADVERTISEMENT ...

USA Gold: 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.


An analysis of most active gold futures conducted by Dow Jones Market Data shows that after daily declines of 5% or more since May 24, 2006, prices on average traded about 1.82% higher a month later. The biggest percentage rise was 15.46% a month after a 7.3% fall on June 13, 2006, while the biggest loss was 7.76% a month after a 5.4% fall on May 24, 2006.

"Gold and silver should not be expected to go up in a straight line," Stefan Gleason, president and chief executive officer at Money Metals Exchange, told MarketWatch. Corrections like the one seen this week are "healthy and helpful," he said. "Bull markets climb a wall of worry." ...

... For the remainder of the report:

https://www.msn.com/en-us/news/other/after-gold-s-big-plunge-here-s-what-history-shows-could-happen-next/ar-AA1OZmhB

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/

* * *

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:

https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1

* * *

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

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

Oct 23, 2025

GATA's Bill Murphy and Chris Powell will be among the speakers and would love to see you.

* * *

By Brien Lundin
Gold Newsletter / Golden Opportunities
New Orleans Investment Conference
Wednesday, October 22, 2025

You could call it the speculator's Nirvana. 

Money Magazine dubbed it "the greatest investment show on Earth." Barron's said it was "an investment bazaar."

I'm talking about the New Orleans Investment Conference. It's where fortunes have been made year after year.

... Dispatch continues below ...


... ADVERTISEMENT ...

Guanajuato Silver Is Reactivating Silver and Gold Mines in Mexico

Guanajuato Silver is a precious metals producer reactivating past-producing silver and gold mines in central Mexico. The company produces silver and gold concentrates from the El Cubo Mines Complex, Valenciana Mines Complex, and the San Ignacio mine. All three mines are located within the state of Guanajuato, which has a 480-year mining history.

Additionally, the company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango state. 

With four operating mines and three processing facilities, Guanajuato Silver is one of the fastest growing silver producers in Mexico.

For more information, please visit:

http://www.gsilver.com/


Look at some of the boldest, most prescient market predictions over the past 50 years ... and some of the most profitable picks ... and you'll see that they originated from the New Orleans Conference. 

And if you compile a list of the biggest resource stock winners of that period, you'll find that most of them spent their early days on our exhibit hall floor, telling their story to our New Orleans Conference attendees. 

In fact, I've seen many exhibiting companies multiply 10 times or more in value after our conference. I know of cases where attendees made over a million dollars as a result of just one conversation with one of our exhibitors. 

Given the current market environment -- with gold soaring while silver and mining stocks rush to catch up -- I'm confident it's going to happen again this year. 

The companies that participate in our annual event are a varied group, and even include many outstanding opportunities outside of the resource sector. But they have one thing in common: Smart management teams with exciting stories to tell. 

You should listen to them. 

If you're attending this year's New Orleans Conference -- beginning in less than two short weeks -- I urge you to visit with our exhibiting companies. 

But if you're not attending in person, don't despair. We've got you covered with:

The World's Greatest Virtual Investment Event

For those unable to make this year's New Orleans Conference, the good news is that you can still get all of the valuable content.

Through our virtual attendance option, you can enjoy full, on-demand access to all of the presentations from dozens of today's top experts -- and for a price that's hundreds of dollars less than others will pay to attend. 

And speaking of price ... with the conference coming up quickly, from Sunday to Wednesday, November 2 to5, our registration fees are about to start rising significantly. 

This is your last chance to secure the lowest possible price, as the price jumps at midnight tomorrow.

So click here to get all the details and lock in your place while you still can:

https://neworleansconference.com/gata/

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/

* * *

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:

https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1

* * *

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

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

Oct 22, 2025

By Michael Lynch
Econanalytics.Substack.com
Wednesday, October 22, 2025

Analyzing Comex data since the price roller-coaster began last Friday, Oct. 17, indicates that paper shorts flooded the market at record high volume driving the price down. December contract open interest dropped as paper longs folded. 

However, physical gold bought on the October contract continued at a sizzling record pace. Two large players emerge from being somewhat dormant, Bank of America and Morgan Stanley house accounts, and bought much of the physical gold.

... Dispatch continues below ...


... ADVERTISEMENT ...

First Majestic Mines Silver and Gold, 
Mints Its Own Silver Bars, Ingots, Coins, and Medallions,
and Sells Them Online at Low Premiums

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The company owns and operates four producing underground mines in Mexico: the Cerro Los Gatos Silver Mine (the company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the Santa Elena Silver and Gold Mine, the San Dimas Silver and Gold Mine, and the La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon gold project in northeastern Nevada, U.S.A.

In 2025 these mines are projected to produce between 27.8 to 31.2 million silver-equivalent ounces, consisting of 13.6 to 15.3 million ounces of silver and 129,000 to 144,000 ounces of gold, with an all-in sustaining cost of $19.89 to $21.27 per payable silver-equivalent ounce.

For more information about the company, visit:

https://www.firstmajestic.com

In a practice unique to First Majestic, the company is proud to manufacture exceptional silver bullion products from its 100%-owned and operated minting facility, First Mint, offering a portion of its own silver production for sale to the public. Bars, ingots, coins, and medallions are available for purchase online at the company's bullion store at low premiums.

To review First Mint’s full product range, visit:

https://www.firstmint.com


The rush for physical gold continues regardless of price spikes or price smashes. 

Since the price-roller coaster began Oct. 17, 6,000 new contracts have been written for immediate physical delivery over the last three days. Each of those were daily records for this point in the delivery period as have each of the last six days. ...

... For the remainder of the analysis:

https://econanalytics.substack.com/p/the-comex-gold-sell-off-is-all-paper

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/

* * *

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:

https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1

* * *

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

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

Oct 22, 2025

By Stuart Englert
StuartEnglert.Substack.com
Wednesday, October 22, 2025

The best way to discourage bullion buying in a bull market, and to contain gold and silver prices, is to increase volatility. The greater the instability, the greater the unpredictability of price moves, both up and down.

Volatility was the name of the game in the precious metals market in recent days. Gold and silver prices exploded to repeated new highs on four consecutive days last week, rising to $4,300 and $54 an ounce, respectively, by Thursday, only to be smashed steeply lower on Friday.

... Dispatch continues below ...


... ADVERTISEMENT ...

Fisher Precious Metals offers great prices
with personal service from a family team

Family-owned and operated Fisher Precious Metals is a great low-cost source for precious metals -- coins, rounds, and bars. But we also get you the highest prices available when you sell your precious metals.
 
Expect a personal approach with Fisher Precious Metals. You can always speak directly with the owners within 24 hours if not immediately. We provide you a team you can get to know and call at any time to discuss your investments with no pressure to buy.

Check our Google reviews to see what our clients have to say:

https://g.page/FisherPreciousMetals?share

Contact us at 1-800-390-8576 or [email protected] or visit us here:

https://fisherpreciousmetals.com/


Monday ended with another up day, but the metals were driven deeply lower again on Tuesday, with gold falling to nearly $4,000 and silver dropping below $48. Yesterday's price plunges were unprecedented for their size since both metals have posted all-time records this year.

Large and erratic price swings are an effective way to curb investment and dissuade speculative margin traders. Volatile prices are particularly important—and potentially costly—to naked short-sellers in a bullish precious metals market since ardent buyers view physical gold and silver as financial safe havens during turbulent times. The metals also are considered money and competitors to depreciating fiat currencies. ...

... For the remainder of the commentary:

https://stuartenglert.substack.com/p/price-volatility-is-a-psychological

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/

* * *

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:

https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1

* * *

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

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