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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
Trafigura to Help Venezuela's Minerven Develop a Responsible Gold-Sourcing Program
By Polina Devitt
Reuters
Monday, March 16, 2026
LONDON -- Trafigura will work with Venezuela's state gold miner Minerven to develop a responsible sourcing program as part of its pre-payment deal for gold dore, a semi-pure alloy, the Swiss commodity trader said.
The Washington-backed overhaul of Venezuela's gold sector is the second major initiative by the government of acting President Delcy Rodriguez, who took power after the U.S. ouster of President Nicolas Maduro in January, and has pushed through a sweeping oil reform meant to stoke foreign investment.
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The U.S. moved to allow purchases of gold produced by sanctions-hit and cash-strapped Minerven, its subsidiaries, and Venezuela's government in early March. The licence allows deliveries to the U.S. for refining.
Trafigura, also involved in Venezuela's oil-trading pact with the U.S., agreed to purchase and sell gold dore produced only by Minerven-owned operations, the Swiss trader told Reuters, adding that deliveries would be made in compliance with labour laws and other regulations. ...
... 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 $500 or more 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
This is a start for mainstream financial journalism. Maybe someday Bloomberg will ask about intervention in the gold derivatives markets.
* * *
By Alex Longley and Alexander Pearson
Bloomberg News
Monday, March 16, 2026
The United States has not intervened in energy derivatives markets, Treasury Secretary Scott Bessent said, after the Middle East conflict pushed crude futures to the highest in almost four years.
"That rumor's in the market," Bessent said in an interview with CNBC when asked whether the U.S. could act in derivatives contracts to bring down the price of oil. "We haven’t done that."
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The U.S. has been mulling a menu of possible options to tame the surge in oil prices, people familiar with the matter said last week, which included the possibility of the Treasury Department trading oil futures. Questions remain about the effectiveness and mechanics of oil futures trading by the Treasury, the people said at the time. ...
... 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 $500 or more 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
11:37a ET Sunday, March 15, 2026
Dear Friend of GATA and Gold:
Von Greyerz Gold Switzerland partner Matthew Piepenburg writes today that claims to Comex futures exchange silver now exceed metal actually available for delivery by a ratio of 7 to 1, and the ratio for the silver market as a whole now may be as wide as 350 to 1.
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Piepenburg writes: "There are more paper claims ('open interest') on the Comex silver exchange than there are actual ounces of 'registered' silver to meet delivery. In fact, there's only about 80 million ounces on hand to meet over 570 million ounces of delivery demand.
"That's a levered mismatch of 7:1 at the Comex.
"If we then consider the larger silver market itself, including exchange-traded fund silver, derivative claims, futures contracts, etc., many analysts in the commodity space are quoting the number of paper silver claims to actual silver ounces at a ratio of 350 to 1."
Accordingly, Piepenburg writes, silver's endgame is almost too obvious, and his analysis is posted at the Von Greyerz internet site here:
https://vongreyerz.gold/silvers-endgame-almost-too-obvious
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]
* * *
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 $500 or more 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
8:48p ET Saturday, March 14, 2026
Dear Friend of GATA and Gold:
This week Mike Maharrey of Money Metals Exchange interviewed Gold Newsletter editor Brien Lundin, who said geo-political shocks like the war in the Middle East have only temporary influence on gold prices. The main determinant of the gold price, Lundin said, is the long-running trend of currency debasement -- a trend that isn't likely to end any time soon.
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Industrial demand, Lundin says, has more influence on silver prices, and industry has begun using the futures markets to secure supply -- an indication that silver prices will continue to rise as well.
The interview is 32 minutes long and begins at the 6:48 mark at YouTube here:
https://youtu.be/sXF3PT0ueWo?t=412
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]
* * *
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 $500 or more 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
9:43a ET Saturday, March 14, 2026
Dear Friend of GATA and Gold:
The war in the Middle East is distracting from the financial market developments that will keep pushing gold up, London metals trader Andrew Maguire says on this week's episode of Kinesis Money's "Live from the Vault" program.
Those factors, Maguire says, include the collapse in "private credit" instruments, which are impugning many insurance company investments, and the stagflation that is being created by the war's sharp rise in oil prices.
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Meanwhile, Maguire says, Western bullion banks are rushing to align themselves with Asian gold exchanges, where prices for actual metal, the enemy of mere paper claims to metal, are being set.
The program is 44 minutes long and can be viewed at the Kinesis Money channel at YouTube here:
https://www.youtube.com/watch?v=mDOdXFVKhJQ
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]
* * *
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 US$500 or more 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
8:52p ET Friday, March 13, 2026
Dear Friend of GATA and Gold:
In his commentary today, Myrmikan Capital's Daniel Oliver reflects on the possible impact of the war in the Middle East on gold.
Oliver writes: "We do not like presenting only bullish scenarios -- gold and the gold miners are investments, not a belief system. And we caution that we have little insight or opinion on where gold can trade in the short term as liquidity flows push it around.
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"In terms of value, however, it is not easy to see how the bull market in gold can end before the dollar system is radically overhauled. ...
"Trump likes huge risks. He is president because he has won more than his fair share. Toppling Iran is the biggest gamble of his career. Victory would reestablish American international power and diminish America's enemies, perhaps boosting the political value of the dollar to the detriment of gold.
"Trump's economic advisers actively seek a weaker dollar, however, and the Fed will soon have no choice but to begin printing to sustain federal deficit spending and to bail out the financial industry, which gold will love. And failure in Iran risks becoming an American Suez crisis, precipitating the final demise of the U.S. dollar."
Oliver's commentary is headlined "Trump's Gamble" and it can be found in PDF format at the Myrmikan internet site here:
https://www.myrmikan.com/pub/Myrmikan_Research_2026_03_13.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]
* * *
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 $500 or more 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 Charles Gasparino
New York Post
Friday, March 13, 2026
Last Friday afternoon, while President Trump was busy signing executive orders and powwowing with his cabinet on Iran, gold was spotted outside the Oval Office.
Specifically, a couple of dudes in dark suits were seen in the hallways of the White House wheeling what looked like a cart loaded up with gold bars, well-placed sources briefed on the situation told On The Money.
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Mind you, these were not the puny, 1-oz trinkets you buy from Costco. These were those massive, Fort Knox-style gold bars — like a foot long each. The kind you’ve seen in a James Bond flick. The kind that, if you were planning to lift one, you’d need to grab it with both hands and get your back into it.
Queried on the spectacle, sources said the dark-suited “G-Men” replied that they were there to show the president part of a stash that was seized from former Venezuelan President Nicolas Maduro following his January arrest on various narco-terrorism charges, including tens of millions of dollars' worth of gold he had locked away in a safe. ...
... 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 $500 or more 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 Anita Komuves and Krisztina Fenyo
Reuters
Thursday, March 12, 2026
BUDAPEST -- Hungary returned two seized armoured bank vehicles to Ukraine today but withheld cash and gold worth approximately $82 million, citing an investigation into alleged money laundering, a move Kyiv has denounced as theft.
Relations between Hungary and Ukraine, already strained by Hungarian Prime Minister Viktor Orban's close ties to Russia, reached a new low last week when Hungary detained seven Ukrainians transporting cash and gold.
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Kyiv accused Budapest of taking the bank employees hostage in order to pressure Ukraine into restarting suspended oil shipments. It said the employees were engaged in a legitimate transfer.
Those detained were expelled by Hungary and crossed into Ukraine on Friday. ...
... 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 $500 or more 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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