news.goldseek.com >> 6 February 2012

'Confiscation' page added to GATA's Internet site
By: Chris Powell, Secretary/Treasurer, GATA
Because of recurring interest in the issue, GATA has added an indexed page at its Internet site devoted to the possibility of government confiscation of gold and silver. The page is now the first listed in the "Articles" section in the left column of our home page.

news.goldseek.com >> 5 February 2012

GATA London conference DVD sets on sale now
By: Chris Powell, Secretary/Treasurer, GATA
Video of GATA's two-day Gold Rush 2011 conference at the Savoy Hotel in London last August is now available in attractive boxed sets of four DVDs that include every presentation -- and all of them remain immensely relevant to today's market conditions.

news.goldseek.com >> 1 February 2012

UN offers second link to US-UK gold swap treaty
By: Chris Powell, Secretary/Treasurer, GATA
Our friend Jonathan Bier in Britain contacted the United Nations a little while ago to ask what became of its Internet site link to the 1981 gold swap treaty between the United States and United Kingdom. Bier says a U.N. representative could not explain the disabling of the link but offered a second link hosting the treaty:

US-UK gold swap treaty disappears from UN Internet site, reappears at GATA's
By: Chris Powell, Secretary/Treasurer, GATA
Apparently within hours of Kirby's reference to the treaty, the link was disabled at the United Nations Internet site. Whether this is more evidence of the gold price suppression schemers trying to cover their tracks or just coincidence or the result of ever-more-intense solar flares, the gold swap treaty has been posted at GATA's Internet site.

news.goldseek.com >> 27 January 2012

Central bank policy is obscuring market values, Warsh tells Stanford audience
By: Chris Powell, Secretary/Treasurer, GATA
Central banks are now so heavily influencing asset prices that investors are unable to ascertain market values, former Federal Reserve Board of Governors member Kevin M. Warsh told the Stanford University Institute for Economic Policy Research tonight. This influence is especially evident, Warsh said, with the Fed's purchase of government bonds, which has made it impossible for investors to use bond prices to learn anything about markets.

news.goldseek.com >> 26 January 2012

Volcker confirms central bank need to suppress gold to stabilize exchange rates at 'critical point'
By: Chris Powell, Secretary/Treasurer, GATA
Former Federal Reserve Chairman Paul Volcker today defended government intervention in the gold market to counter "exchange rate instability at a critical point." Volcker's comments came in response to inquiry from the German freelance journalist Lars Schall, who noted GATA's reference to Volcker's expression of regret, recorded in his memoirs, about the failure of Western central banks to intervene to suppress gold prices during a currency revaluation in 1973.

news.goldseek.com >> 25 January 2012

Warsh speech on 'financial repression' to be broadcast at Stanford's Internet site
By: Chris Powell, Secretary/Treasurer, GATA
In an essay in The Wall Street Journal on December 6 (http://www.gata.org/node/10839), Warsh wrote that "policy makers are finding it tempting to pursue 'financial repression' -- suppressing market prices that they don't like." Warsh said last week he planned to elaborate on "financial repression" in his remarks at Stanford and GATA has urged him to identify which policy makers and which markets are involved, to explain whether he learned about this "financial represssion" through his service at the Federal Reserve, and to say whether the public and the markets have the right to know exactly how "financial repression" is being targeted.

news.goldseek.com >> 22 January 2012

Gold-market rigging has many whistleblowers; they're just always ignored
By: Chris Powell, Secretary/Treasurer, GATA
Many people ask why, if there really is a gold price suppression scheme -- a scheme of currency market intervention to support the dollar and other currencies against the true international reserve currency, gold -- some whistleblowers haven't come forward to expose it. In fact, the whistle has been blown on the gold price suppression scheme many times over the years, and by the highest authorities. They just haven't yet been recognized as whistleblowers by the news media and financial analysts.

news.goldseek.com >> 16 January 2012

More traders notice gold's regularly counterintuitive behavior
By: Chris Powell, Secretary/Treasurer, GATA
Drawing on GATA board member Adrian Douglas' statistical study from August 2010 ("The Gold Market Isn't 'Fixed,' It's Rigged," http://www.gata.org/node/8918), Sam and Bob Kirtley of SK Options Trading in Wellington, New Zealand, yesterday mused at length once again about the likely success of a gold trading fund that exploited the peculiar behavior of the gold market -- rising when the sun sets on London and New York and falling when traders in those cities go back to work.

news.goldseek.com >> 8 January 2012

Dutch central bank admits 90% of its gold is abroad
By: CHRIS POWELL, Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
Our friend the Dutch financial writer Jaco Schipper reports today that the president of the Netherlands central bank acknowledged this week on Dutch television that 90 percent of the nation's gold reserves is kept outside the country to facilitate sales. Dutch TV, Schipper adds, also interviewed geopolitical analyst James G. Rickards, author of the new book "Currency Wars," who spoke at GATA's London conference last August, and GATA's longtime supporter Willem Middelkoop, a fund manager and financial writer, who argued for repatriating the Dutch gold to protect it against expropriation by the U.S. government.

news.goldseek.com >> 5 January 2012

Gartman admits a bad call on gold, but that's not GATA's grievance
By: Chris Powell, Secretary/Treasurer, GATA
Canada's National Post reports today that commodity market letter writer Dennis Gartman has admitted a mistake in his gold trading advice and has concluded that gold's bull market continues after all. While it's always encouraging to find that experts can admit mistakes, as only people who admit mistakes can be trusted, GATA's objective isn't to identify mistaken market calls in the monetary metals markets.

news.goldseek.com >> 2 January 2012

Here's what GATA accomplished in 2011; please help us do more in 2012
By: Chris Powell, Secretary/Treasurer, GATA
We proved that, contrary to its many protests that it hardly has anything to do with gold, the Fed in fact has many gold secrets that it is determined to keep, and we pried two big secrets out of the central bank -- that it has gold swap arrangements with foreign banks and that it was represented at the secret April 1997 meeting of the G-10 Gold and Foreign Exchange Committee, at which central bankers conspired to coordinate their gold market policies:

news.goldseek.com >> 30 December 2011

'Financial repression' is gold price suppression
By: Chris Powell, Secretary/Treasurer, GATA
As a practical matter, this assumption of mainstream financial journalism is probably correct. But the world might begin to change, however slowly, if journalists tried putting the questions to central bankers in public settings anyway and reported their evasions or refusals to answer. Eventually investors and even the public might come to understand that great power, the power to control the prices of all capital, labor, goods, and services in the world -- that is, the power to control the price of everything, absolute power -- was being exercised in secret so that the world more easily might be expropriated, that democracy had been crushed, and that, as a mere high school graduate remarked a few years ago, "There are no markets anymore, only interventions."

news.goldseek.com >> 19 December 2011

New Thunder Road Report denounces market intervention, cites GATA
By: Chris Powell, Secretary/Treasurer, GATA
Market analyst Paul Mylchreest's latest Thunder Road Report, published today, elaborating on and denouncing the socialism and fascism destroying Western economies with market intervention, quotes GATA sources at length.

news.goldseek.com >> 16 December 2011

Central banks are steadily losing their cover in the gold market
By: Chris Powell, Secretary/Treasurer, GATA
Thanks to the latest commentaries by Brady Willett of Fall Street, Tom Szabo of Metal Augmentor, and Jim Willie of the Golden Jackass, more people are realizing the potential for market manipulation through central bank gold leasing, of which there lately have been strong indications.

news.goldseek.com >> 14 December 2011

Irked by GATA, Bank of England denies gold loans, swaps since 2007
By: Chris Powell, Secretary/Treasurer, GATA
In further correspondence with our British friend James Bern, a Bank of England official this week indicated that the bank, as custodian of the United Kingdom's gold reserve, has not engaged in gold lending or swapping from 2007 through the middle of this year.

news.goldseek.com >> 11 December 2011

Market News International retracts report about central bank gold sales
By: Chris Powell, Secretary/Treasurer, GATA
Market News International, which, on the basis of confidential sources, reported Thursday that the Bank for International Settlements, Bank of England, and Federal Reserve had sold gold that day to reverse an upward spike in the price as the euro zone financial crisis worsened, has retracted the report.

news.goldseek.com >> 18 November 2011

Ford library confirms Fed letter tying Germany to gold price suppression
By: Chris Powell, Secretary/Treasurer, GATA
Thanks to our friend A.F. in Australia, the Gerald Ford Presidential Library in Ann Arbor, Michigan, has confirmed the authenticity of the letter written to the president by Federal Reserve Board Chairman Arthur Burns on June 3, 1975, revealing the participation of the West German central bank, the Bundesbank, and the chancellor of West Germany at that time, Helmut Schmidt, in the international gold price suppression scheme.

news.goldseek.com >> 15 November 2011

Truth SHOULD be a high duty of central banking, ex-Fed Governor Alan Blinder says
By: Chris Powell, Secretary/Treasurer, GATA
For years many Internet sites have attributed to the economist Alan Blinder, now a professsor at Princeton University in New Jersey, a provocative comment reportedly made on a Public Broadcasting System program in 1994 during his service as a member of the Board of Governors of the Federal Reserve System: "The last duty of a central banker is to tell the public the truth." An Australian friend of GATA, A.F., recently went looking for authority for the quotation and your secretary/treasurer suggested that he start with Blinder directly.

news.goldseek.com >> 14 November 2011

Former German chancellor silent on Fed memo linking him to gold suppression
By: Lars Schall
Politicians talk, philosophers are silent. As for gold, Mr. Schmidt seems to be among the philosophers. On the other hand you can take this little story as evidence that we "conspiracy theorists" at least try to be more thorough than some people may want us to be.

news.goldseek.com >> 9 November 2011

Financial Times Deutschland joins hunt for Germany's gold
By: Chris Powell, Secretary/Treasurer, GATA
The Financial Times Deutschland confirms, as GATA has reported, that most of the German gold is stored outside the country, partly for international security reasons but more so now for ease of trading and general subservience to the United States. The FTD story is notable mainly for extracting from the German central bank, the Bundesbank, a statement that no German gold is being leased at the moment.

news.goldseek.com >> 6 November 2011

CFTC's evasion after 3 years investigating silver is answer enough
By: Chris Powell, Secretary/Treasurer, GATA
Under renewed pressure by Commissioner Bart Chilton to account for itself, the U.S. Commodity Futures Trading Commission today issued a statement about its 3-year-old investigation of manipulation of the silver market, asserting only that the investigation continues.

news.goldseek.com >> 3 November 2011

Markets mustn't learn about our gold transactions, Bank of England says
By: Chris Powell, Secretary/Treasurer, GATA
Denying a recent freedom-of-information request from a citizen of the United Kingdom, the Bank of England has insisted on secrecy for its swapping and leasing of gold from the national reserves. Replying on October 24 to GATA supporter James Burn, who sought a more precise accounting of the British gold reserves, Bank of England spokeswoman Jackie Keating wrote that the gold swap and leasing information is "market sensitive" and its disclosure "would allow enquirers to find out what gold transactions have been taking place." This, the bank's spokesman wrote, would impair the interests of both the British government and the bank's "private customers," to whom the bank "owes a duty of confidentiality."

news.goldseek.com >> 26 October 2011

Nine blows against the gold price suppression scheme
By: Chris Powell, Secretary/Treasurer, GATA
Remarks by Chris Powell
Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Hilton Riverside Hotel, New Orleans
Wednesday, October 26, 2011

news.goldseek.com >> 23 October 2011

Where in the world is the gold?
By: Chris Powell, Secretary/Treasurer, GATA
CMRE President Elizabeth Currier chose the title of my remarks -- "Where in the World Is the Gold?" -- and I didn't argue with her, but if I knew where the gold was, they'd have to kill me. And if I knew and told you before they got to me, you'd all have a big problem too.

news.goldseek.com >> 11 October 2011

Gold price suppression purposes and proofs
By: Chris Powell, Secretary/Treasurer, GATA
Remarks by Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Pi Capital Dinner
Scott's Restaurant, Mayfair, London
Monday, October 10, 2011

news.goldseek.com >> 10 October 2011

Germany should end the secrecy and bring its gold home
By: Lars Schall
In recent months I have written to the Deutsche Bundesbank, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System in Washington to ask questions about the gold reserves of Germany.

news.goldseek.com >> 9 October 2011

Dutch government comes half clean on gold reserves
By: Chris Powell, Gold Anti-Trust Action Committee Inc.
The Dutch blog Vrijspreker today reports that the Netherlands secretary of the treasury has answered half-candidly the questions put to him by the Dutch Socialist Party about the disposition of the Dutch National Bank's gold reserves. According to Vrijspreker:

-- The Dutch National Bank has not loaned gold since 2008 but has sold 1,100 of its 1,700 tonnes of gold since 1991.

news.goldseek.com >> 2 October 2011

Gold price suppression is 'conspiracy theory' only to those who won't look at facts
By: Chris Powell, Gold Anti-Trust Action Committee Inc.
Contrary to Connor's assertion, the gold cartel is hardly "invisible." It has been visible since before any of us were born. But the visibility here is like that in the Hans Christian Andersen fable "The Emperor's New Clothes," as it is bad business to get in the way of powerful governments and financial institutions generally, and bad business particularly for those who would make a living applying traditional technical analysis to markets to admit that they may have been dissecting mere holograms.

Gold price suppression is "conspiracy theory" only to those who refuse to examine the documentation offered to them.

news.goldseek.com >> 27 September 2011

Izabella Kaminska: How central banks use ETFs to keep gold down
By: Chris Powell, Gold Anti-Trust Action Committee Inc.
Market analyst Izabella Kaminska this month examined the collapse in gold lease rates and concluded that central banks likely have been trying to stuff gold into the market by various back doors, resulting in the placement of borrowed gold at exchange-traded funds like GLD and thus in gold price suppression as well.

news.goldseek.com >> 25 September 2011

Where is Mexico's gold, and is it really gold at all?
By: Chris Powell, Gold Anti-Trust Action Committee Inc.
In the essay appended here, the Mexican journalist Guillermo Barba reports that the Bank of Mexico refuses to disclose where it is keeping the 93 tonnes of gold it claimed to have purchased this year, apparently doesn't even know the form of the gold it claims to have purchased, and thus for its new gold reserves may be only an unsecured creditor of banks that are members of the London Bullion Market Association, home of fractional-reserve gold banking and primary mechanism of the gold price suppression scheme.

news.goldseek.com >> 21 September 2011

As gold price suppression grows more brazen, maybe Asia will defeat it
By: Chris Powell, Secretary/Treasurer, GATA
The speaker following me, George Clooney, will be able to tell you what it's like to be handsome, talented, rich, and famous. I could tell you what it's like not to be. But instead the conference has asked me to talk about gold, which at least might make you rich, or help you preserve some of whatever you've got.

news.goldseek.com >> 16 September 2011

Updated silver lawsuit identifies Morgan trading mechanisms, traders, 'spoof'' and 'fake' trades
By: Chris Powell, Secretary/Treasurer, GATA
An updated complaint in the class-action lawsuit against JPMorganChase alleging manipulation of the silver futures market, filed this week in U.S. District Court for the Southern District of New York, details the mechanisms of the manipulation and some of the traders executing it.

How can they notice Swiss franc's devaluation and not gold's too?
By: Chris Powell, Secretary/Treasurer, GATA
Is GATA really asking too much in seeking acknowledgement that the gold market is manipulated largely surreptitiously but sometimes openly by Western central banks? Is nearly everybody in the world's financial establishment and financial press an absolute moron or corrupt?

news.goldseek.com >> 7 September 2011

Look who's watching GATA
By: Chris Powell, Secretary/Treasurer, GATA
Just when you start thinking that everything is futile, that everyone connected with the markets is bought off or stupid, and that "Say Not the Struggle Naught Availeth" is getting old, we find out that we're being watched -- and not just by the usual peeping Toms and repo men but by some pretty important and even sinister people.

news.goldseek.com >> 6 September 2011

More Beijing embassy cables show China sees gold as central in currency war
By: Chris Powell, Secretary/Treasurer, GATA
More news media-monitoring cables from the U.S. Embassy in Beijing to the State Department in Washington show that both China's government and the nation's financial press, tightly controlled by the government, consider gold to be the main weapon in a world currency war that is under way.

news.goldseek.com >> 5 September 2011

FLASH: China knows about gold price suppression, and U.S. knows China knows (Wikileaks - 2009 cable)
By: Chris Powell, Gold Anti-Trust Action Committee Inc.
"According to China's National Foreign Exchanges Administration, China's gold reserves have recently increased. Currently, the majority of its gold reserves have been located in the United States and European countries. The U.S. and Europe have always suppressed the rising price of gold. They intend to weaken gold's function as an international reserve currency. They don't want to see other countries turning to gold reserves instead of the U.S. dollar or euro. Therefore, suppressing the price of gold is very beneficial for the U.S. in maintaining the U.S. dollar's role as the international reserve currency. China's increased gold reserves will thus act as a model and lead other countries toward reserving more gold. Large gold reserves are also beneficial in promoting the internationalization of the renminbi."

news.goldseek.com >> 2 September 2011

There's a vault with gold somewhere -- but whose vault, and whose gold?
By: Chris Powell, Secretary/Treasurer, GATA
On CNBC today reporter Bob Pisani was shown being put in a van whose windows had been covered, being driven around London for a while, being walked through an unidentified room containing pallets of gold bars, and then being handed a bar whose serial number, ZeroHedge promptly determined, does not appear on the bar list of the inventory claimed by the sponsor of Pisani's mysterious expedition, the exchange-traded fund GLD, which had meant to dispel suspicions about its gold holdings.

Cromwell must be laughing over Ireland's forfeited gold
By: Chris Powell, Secretary/Treasurer, GATA
Apparently the Irish gold reserves are not entirely secure, since the Central Bank of Ireland has an "investment strategy" for them. Does this "investment strategy" involve some disposition of the gold that helps suppress gold's price, so that certain government currencies might look better? Is this strategy in Ireland's interest, or that of some other country? Whatever this strategy is, why shouldn't the Irish people be allowed to know about it?

WSJournal, NYTimes commentaries urge: Murder gold
By: Chris Powell, Secretary/Treasurer, GATA
The commentary in The Wall Street Journal, written by David Malpass, a Treasury Department official during the Reagan administration, quotes former Federal Reserve Chairman Paul Volcker as having repeatedly declared gold to be "the enemy," something GATA Chairman Bill Murphy has cited about Volcker from time to time in his daily "Midas" column at LeMetropoleCafe.com.

news.goldseek.com >> 7 August 2011

Who will put the gold questions to central banks?
By: Chris Powell, Secretary/Treasurer, GATA
Those of you who have been following GATA for a long time are owed a bit of an apology from me today. For I will say some things you have heard before, as they may be new to others here, as I'm reminded of the advice given to me some years ago by a friend who was twice elected to Connecticut's state legislature, three times to the U.S. House of Representatives, and three times as governor of Connecticut. He told me that repetition is crucial in politics, and that, tedious as it may seem, just when you think you're going to have to kill yourself if you say something over again, that's when people are just starting to listen.

news.goldseek.com >> 4 August 2011

CNBC Europe posts video of GATA chairman's interview
By: Chris Powell, Secretary/Treasurer, GATA
GATA Chairman Bill Murphy was interviewed for five minutes this morning on CNBC Europe on the eve of our Gold Rush 2011 conference in London. Video of the interview has been posted at the CNBC Internet site here.

news.goldseek.com >> 29 July 2011

Registrations closed as GATA's Gold Rush 2011 conference is fully booked
By: Chris Powell, Secretary/Treasurer, GATA
Registrations for GATA's Gold Rush 2011 conference at the Savoy Hotel in London, to be held Thursday-Saturday, August 4-6, today reached the hotel's conference capacity, nearly 400 people, and so registrations have been closed.

news.goldseek.com >> 17 July 2011

Jim Grant still can't figure out why the dollar has held up so long
By: Chris Powell, Secretary/Treasurer, GATA
This weekend's Wall Street Journal publishes a lovely profile, written by Holman W. Jenkins Jr., of James Grant, publisher of Grant's Interest Rate Observer. But Grant's gold sympathies don't make him any less deficient as a journalist than Jack Farchy of the Financial Times, whose reporting last week noted that the gold price is far below its inflation-adjusted high but lacked the curiosity to inquire why this should be.

Will financial journalists ever wonder WHY gold has underperformed?
By: Chris Powell, Secretary/Treasurer, GATA
Why does the Financial Times have no curiosity about gold's so badly failing as an inflation hedge over the last 30 years, failing by 50 percent or more? Here the gold price suppression scheme stares journalists in the face and yet they don't see it. Of course an explanation for this failure is readily available from GATA and others: central bank dishoarding and leasing of gold and particularly the surreptitious underwriting by central banks of "paper gold," the creation of a vast supply of imaginary gold for which delivery is never taken, the development of a fractional-reserve gold banking system precisely to cripple gold's usefulness as a hedge against the inflation created by central banks and to rob gold of its traditional influence on interest rates and the value of government bonds.

news.goldseek.com >> 4 July 2011

New Erste Group Bank report makes comprehensive case for gold
By: Chris Powell, GATA
Given that the majority of debt has neither been written off nor paid off but simply transferred, the problem of excessive debt is still waiting to be resolved. There has been no deleveraging, only an adjustment of booking entries from the private to the public sector. The quantitative easing has left monetary stability short on credibility, and it will be very difficult to remedy this situation. In this fragile environment gold will continue to thrive

news.goldseek.com >> 29 June 2011

Join GATA at Gold Rush 2011 in London in August -- we need you
By: Chris Powell, Secretary/Treasurer, GATA
Plans are developing for GATA's Gold Rush 2011 conference to be held at the Savoy Hotel in London from Thursday, August 4, through Saturday, August 6. The Savoy will be the center of the gold (and silver) universe then, as GATA has assembled the top people in the field, including...

news.goldseek.com >> 24 June 2011

Gold encumbrances question elicits only hearsay at Paul committee hearing
By: Chris Powell, Secretary/Treasurer, GATA
The inspector general of the U.S. Treasury Department today testified to a House subcommittee hearing on the U.S. gold reserve that he has been "told" that "not one troy ounce is encumbered," but under questioning he could not say where the gold pledged by the United States to the International Monetary Fund resides or how it has been accounted for, if at all.

news.goldseek.com >> 22 June 2011

If your interest is really piqued, try questioning central banks yourself
By: Chris Powell, Secretary/Treasurer, GATA
Gartman acknowledges being aware of GATA's claim that central bank gold lending is far more extensive than acknowledged or generally believed and is part of a general scheme of currency market manipulation. But who outside GATA itself seeks to nail this information down and explain what it means? Who reviews the extensive official documentation GATA has compiled and published...

news.goldseek.com >> 19 June 2011

Urge C-SPAN to broadcast June 23 hearing on gold audit legislation
By: Chris Powell, Secretary/Treasurer, GATA
The U.S. House Subcommittee on Domestic Monetary Policy and Technology, chaired by U.S. Rep. Ron Paul, R-Texas, will hold a hearing Thursday, June 23, on Paul's proposed legislation to audit the U.S. gold reserve. Notice of the hearing can be found at the Internet site of the House Financial Services Committee here...

news.goldseek.com >> 16 June 2011

The ESF: Headquarters of gold rigging -- and all U.S. covert operations too?
By: Chris Powell, Secretary/Treasurer, GATA
If you listened closely to U.S. Rep. Ron Paul's questioning of Federal Reserve General Counsel Scott G. Alvarez at a hearing of the House Subcommittee on Domestic Monetary Policy and Technology last week, you heard Paul mention the U.S. Treasury Department's Exchange Stabilization Fund as a likely instigator of secret swaps involving the U.S. gold reserve:

news.goldseek.com >> 5 June 2011

Questioned by Paul, Fed denies any interest in gold
By: Chris Powell, Secretary/Treasurer, GATA
True to his word to when he met a GATA delegation in Washington a week ago, U.S. Rep. Ron Paul, R-Texas, chairman of the House Subcommittee on Domestic Monetary Policy, has begun asking the Federal Reserve questions about gold swaps, such as those admitted to GATA by Fed Governor Kevin M. Warsh in 2009:

news.goldseek.com >> 1 June 2011

If Keynesian economics worked, this would be a perfect world
By: Chris Powell, Secretary/Treasurer, GATA
Back in June 2004 the deputy chairman of the Bank of Russia, Oleg V. Mozhaiskov, addressed the London Bullion Market Association conference at the Kempinsky Hotel in Moscow and let the bullion bankers know that he and the Russian government were on to their tricks, thanks to "the group of economists who came together in the society known as the Gold Anti-Trust Action Committee":

news.goldseek.com >> 26 May 2011

Join GATA in supporting appeal of Liberty Dollar founder
By: Chris Powell, Secretary/Treasurer, GATA
Bernard von NotHaus, creator of the Liberty Dollar, was convicted in March in federal court in North Carolina of three federal felonies related to his issuance of a private currency in gold and silver. The prosecutor claimed that the U.S. Constitution gives the U.S. government exclusive power to mint any type of coin or paper to be used as money. And though the Liberty Dollar coins were not imitations of U.S. coins, von NotHaus also was charged with counterfeiting and conspiracy.

news.goldseek.com >> 25 May 2011

GATA urges Paul to probe Fed's gold swaps; he tells CNBC he will
By: Chris Powell, Secretary/Treasurer, GATA
Yesterday GATA Chairman Bill Murphy and your secretary/treasurer met in Washington with U.S. Rep. Ron Paul, R-Texas, chairman of the House Subcomittee on Domestic Monetary Policy and Technology, and two of his staff members. We reviewed GATA's work and the information produced by our recent successful freedom-of-information lawsuit against the Federal Reserve and urged him to press the Fed for accountability, particularly in regard to its manipulation of the gold market, its involvement with the U.S. gold reserve, and its secret gold swap arrangements, the latter admitted to GATA by Fed Governor Kevin M. Warsh as we began our litigation in 2009:

news.goldseek.com >> 22 May 2011

Gold reserves are just for market rigging, so sell them all
By: Chris Powell, Secretary/Treasurer, GATA
The evidence of the last decade is that central bank gold sales are nothing for gold investors to fear -- that they signify the weakness of central banks, not strength. And now that central banks outside the U.S.-European market-rigging alliance are openly adding to their gold reserves, diversifying out of the U.S. dollar, the world reserve currency, gold investors and free-market advocates might respond to hints of U.S. gold sales with Clint Eastwood's famous dare: Go ahead. Make our day.

news.goldseek.com >> 13 May 2011

For illegally withholding gold information, Fed pays GATA
By: Chris Powell, Secretary/Treasurer, GATA
The Federal Reserve System this week paid GATA $2,870 in attorney's fees and costs for illegally withholding a gold-related document GATA sought in its federal freedom-of-information request and lawsuit against the Fed in U.S. District Court for the District of Columbia.

news.goldseek.com >> 5 May 2011

What's gold really worth? Central banks sure don't want you to find out
By: Chris Powell, Secretary/Treasurer, GATA
MarketWatch and Wall Street Journal columnist Brett Arends lately has eased off his disparagement of gold, and with his commentary at MarketWatch yesterday he joined those who have been asking how there can be a bubble in gold when there's no retail public buying of it. But Arends predicts that gold will become a bubble, which may be less than fully satisfying to those whose aspirations for the metal are a bit higher than the next big trade -- whose aspirations for gold involve its becoming an independent currency trading freely, unmanipulated by central bank intervention.

news.goldseek.com >> 27 April 2011

Gold is trivialized because what it exposes is so scary
By: Chris Powell, Gold Anti-Trust Action Committee Inc.
You know we've been up against all the power and money in the world for a long time, and we never expect sympathy, or even journalism, but an essay posted today at MarketWatch.com, written by its Wall Street columnist, David Weidner, and headlined "Buy Gold," does its best to trivialize what should be a serious subject.

news.goldseek.com >> 18 April 2011

GATA London conference and hotel registrations are open
By: Chris Powell, Secretary/Treasurer, GATA
Registrations are now being taken for GATA's Gold Rush 2011 conference in London, to be held Thursday-Saturday, August 4-6, at the famous Savoy Hotel (http://www.fairmont.com/savoy/), and the hotel has begun taking reservations for GATA conference participants at a discounted rate.

news.goldseek.com >> 8 April 2011

Join GATA for Gold Rush 2011 in London in August
By: Chris Powell, Secretary/Treasurer, GATA
...Now GATA plans to accelerate that realization by reprising Gold Rush 21 with a conference from Thursday-Saturday, August 4-6, in London, home of the London Bullion Market Association and the gold-dumping Bank of England, which now are fairly warned. The conference will review where gold has gone on GATA's watch and examine where it might go as it returns to its rightful place at the center of the world financial system.

news.goldseek.com >> 7 April 2011

Bullion Bank Trading – A Closely Guarded Secret!
By: Adrian Douglas
If investors think they own large amounts of bullion in “unallocated” accounts they should take a very close look at what has been presented here and try to work out where exactly the underlying assets that back their investment might be hidden. The inescapable conclusion is that the unallocated accounts are unbacked or backed with no more than 2% of the bullion required. The gigantic revenues that the precious metals market generates for the banks seems to be been omitted from the Annual reports entirely.

news.goldseek.com >> 4 April 2011

Deception and cover-up at the Fed
By: Adrian Douglas
The title of this article is borrowed and modified from the book "Deception and Abuse at the Fed" by Robert C. Auerbach. The minutes of each Federal Open Market Committee (FOMC) meeting are released within weeks of the meeting having occurred. The full transcript is available only five years later. I recently started reading in depth the transcripts of the FOMC meetings and discovered some shocking information.

news.goldseek.com >> 29 March 2011

World Gold Council to CFTC: Don't mess with paper gold
By: Chris Powell, Secretary/Treasurer, GATA
Thanks to Zero Hedge's pseudonymous Tyler Durden tonight for unearthing the long statement submitted this month by World Gold Council CEO Aram Shishmanian to the U.S. Commodity Futures Trading Commission in opposition to the commission's proposal to impose limits on traders' positions in the precious metals futures markets:

news.goldseek.com >> 28 March 2011

Look who's calling Utah and gold 'eccentric'
By: Chris Powell, Secretary/Treasurer, GATA
There's revolution and war in the Middle East and Africa, devastation and nuclear contamination in Japan, and turmoil throughout the world financial system, but the Financial Times always has time to try to make fun of gold and those who see any virtue in it.

news.goldseek.com >> 21 March 2011

Who's really undermining the currency, economic stability, and democracy?
By: Chris Powell, Secretary/Treasurer, GATA
Here's hoping that yesterday's conviction of Liberty Dollar founder Bernard von NotHaus in federal court in North Carolina won't discourage the advocates of free markets in gold and silver and competitive currencies.

news.goldseek.com >> 2 March 2011

Didn't Fed attend other G-10 gold committee meetings?
By: Chris Powell, Secretary/Treasurer, GATA
After 12 years of collecting and publishing government documents confirming or implying the Western central bank gold price suppression scheme, and collecting and publishing the many evasions of central banks and their refusals to answer simple questions about their gold policy, GATA sometimes feels as if it is engaged in a never-ending struggle to prove that the sun rises in the east.

news.goldseek.com >> 21 February 2011

G-10 minutes from 1997 show central bankers conspiring about gold
By: Chris Powell, Secretary/Treasurer, GATA
Western government and central bank officials discussed coordinating their gold market policies at a private meeting of the G-10 Gold and Foreign Exchange Committee in April 1997, according to minutes of the meeting released to GATA today by the Federal Reserve Board upon the order of a federal court. The minutes also quote a U.S. delegate as warning that a rising gold price would increase the U.S. government's debt burden.

news.goldseek.com >> 4 February 2011

Fed can keep most gold secrets but must yield one, judge rules
By: Chris Powell, Secretary/Treasurer, GATA
The Federal Reserve can keep secret most of the gold documents at issue in GATA's freedom-of-information lawsuit against it, a federal judge ruled today. But the judge, Ellen Segal Huvelle of U.S. District Court for the District of Columbia, ordered the Fed to disclose to GATA a potentially crucial document by February 18.

news.goldseek.com >> 28 January 2011

And was Jerusalem builded here?
By: Chris Powell, Secretary/Treasurer, GATA
Remarks by Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
The Cheviot Asset Management Sound Money Conference
The Guildhall, London

news.goldseek.com >> 16 January 2011

Strong Indications of Gold & Silver Shortages
By: Adrian Douglas
Since reaching new highs at the end of 2010 gold and silver have been sold off, and the selling has been particularly intense in the last few days. The news on the economy is almost exclusively bullish for the precious metals. From the price action one might be falsely led to believe that investment demand for the precious metals is waning. On the contrary the data analysis I will show in this article reveals strong indications of growing shortages and furthermore that the gold and silver markets are approaching “tipping points” that will lead to an acceleration of price appreciation.

news.goldseek.com >> 10 January 2011

Judge orders Fed to produce records for her review in GATA's lawsuit
By: Chris Powell, Secretary/Treasurer, GATA
GATA today scored a small but perhaps auspicious victory over the Federal Reserve in our lawsuit seeking access to the Fed's secret gold files. The judge presiding over GATA's federal freedom-of-information lawsuit against the Fed in U.S. District Court for the District of Columbia, Ellen Segal Huvelle, granted GATA's motion to order the Fed to produce in compete form for the judge's private review 20 gold-related documents the Fed has sought to keep secret. The judge ordered the Fed to deliver the documents by Friday.

news.goldseek.com >> 28 December 2010

Class action against Morgan, HSBC specifies silver manipulation mechanism
By: Chris Powell, Secretary/Treasurer, GATA
A Chicago law firm yesterday announced another class-action lawsuit against J.P. Morgan Chase & Co. and HSBC Holdings PLC complaining of silver market manipulation. Interestingly, the lawsuit cites GATA's silver market manipulation whistleblower Andrew Maguire and U.S. Commodity Futures Trading Commission member Bart Chilton, and specifies mechanisms by which Morgan and HSBC could manipulate the silver market through the use of silver exchange-traded funds.

news.goldseek.com >> 27 December 2010

GATA's lawsuit for Fed's gold documents slogs on
By: Chris Powell, Secretary/Treasurer, GATA
GATA's lawsuit against the Federal Reserve in U.S. District Court for the District of Columbia slogs on amid the Fed's desperate obstructionism. Last week, through its lawyers, William J. Olson and Jon S. Miles of the Vienna, Virginia, firm of William J. Olson P.C. (http://www.lawandfreedom.com/), GATA filed a long brief replying to the Fed's objection to a couple of GATA's requests. We have asked the court to review privately the gold-related documents the Fed doesn't want to disclose and to permit GATA to pose a limited number of questions to the Fed.

news.goldseek.com >> 21 December 2010

Are U.S. metal-shorting banks moving to hide their positions outside the country?
By: Chris Powell and Adrian Douglas
GATA Director Adrian Douglas, publisher of the Market Force Analysis letter, today published a letter he has sent to U.S. Commodity Futures Trading Commission member Bart Chilton, disclosing that even as the gold and silver short positions of U.S. banks have been declining over the last year, gold and silver short positions lately have been increasing dramatically among banks headquartered outside the United States.

news.goldseek.com >> 17 December 2010

An hour with Jim Rickards and the once and future money
By: Chris Powell, Secretary/Treasurer, GATA
Rickards is a scholar and lawyer and described himself to the Johns Hopkins conference as a refugee from the bond market who converted to gold when he perceived how haywire things were going in the world financial system. (He got an especially close look as counsel to Long-Term Capital Management when it collapsed in 1998.)

news.goldseek.com >> 14 December 2010

Market riggers are feeling the heat, so help GATA turn it up
By: Chris Powell, Secretary/Treasurer, GATA
As you read with delight tonight's Financial Times story about the difficulty in which J.P. Morgan Chase & Co. apparently has found itself with silver (http://www.gata.org/node/9419), it may be worth remembering the remark variously attributed to those most cynical statesmen Metternich and Talleyrand during the Congress of Vienna, which reorganized Europe in 1815. Told by an aide that the Russian ambassador had just died, Metternich -- or Talleyrand -- supposedly responded: "I wonder what his motive was."

news.goldseek.com >> 10 December 2010

Eight years after repudiating Embry, Royal Bank loves gold
By: Chris Powell, Secretary/Treasurer, GATA
Back in 2002 the top mutual fund manager in Canada and perhaps the world was Royal Bank's John Embry, but the 150 percent return of his gold fund that year didn't stop the bank from repudiating him publicly and then welcoming his departure after he issued a report concurring with GATA's complaints of gold price manipulation.

news.goldseek.com >> 2 December 2010

Bundesbank joins Fed in demanding secrecy for gold swaps
By: Chris Powell, Secretary/Treasurer, GATA
Germany's Bundesbank today joined the U.S. Federal Reserve in demanding secrecy for gold swap transactions involving those central banks. The Bundesbank brushed off 13 specific questions posed by the German journalist Lars Schall, whom GATA had encouraged to pose the questions. The first of the questions was: "Does the Bundesbank have gold swap arrangements with the United States / Federal Reserve?"

news.goldseek.com >> 29 November 2010

Central bank gold sales equaled return of leased gold
By: Chris Powell, Secretary/Treasurer, GATA
Excerpts in English from GATA consultant Dimitri Speck's recent book, "Geheime Goldpolitik" ("Secret Gold Politics"), which so far has been published only in German, have been posted at the book's Internet site and make fascinating reading.

news.goldseek.com >> 24 November 2010

BIS gold records may facilitate double counting, study concludes
By: Chris Powell and Robert Lambourne
The gold records and accounting procedures of the Bank for International Settlements, the central bank of the central banks, are ambiguous and confusing and seem to facilitate the double counting of central bank gold amid gold shortages, GATA researcher Robert Lambourne concludes in a study presented to the Gold Symposium in Sydney, Australia, on November 9. Lambourne's study is shown here.

news.goldseek.com >> 22 November 2010

Take all the metal you can, but it won't break Morgan Chase
By: Chris Powell, Secretary/Treasurer, GATA
Noting J.P. Morgan Chase & Co.'s central role in suppressing the price of the monetary metals, particularly silver, the international journalist and provocateur Max Keiser has been waging a campaign to smash the market-manipulating investment bank by persuading civic-minded people to buy and take possession of at least 1 ounce of the precious metal.

news.goldseek.com >> 28 October 2010

Piercing the mystery of the gold market
By: Chris Powell, Secretary/Treasurer, GATA
Why is gold such a mystery? Why is it, along with silver, kept such a mystery? It's because the two precious metals are not only money but, from the point of view of free individuals, the best sort of money, less susceptible to what governments see as the most desirable quality of money -- the susceptibility to control by government and particularly its susceptibility to devaluation. You can print or otherwise issue gold and silver derivatives to infinity, but not the metals themselves.

news.goldseek.com >> 12 October 2010

Should U.S. say it's selling gold before world learns it's long gone?
By: Chris Powell, Secretary/Treasurer, GATA
Today's Financial Times carries an essay by former Federal Reserve economist and former assistant U.S. Treasury Secretary Edwin M. Truman headlined "America Should Open Its Vaults and Sell Gold." For years Truman has been turning up at the center of the gold price suppression scheme, but GATA and its supporters might agree with him in principle on this one, insofar as getting central banks out of the gold business is the first step toward a free market in gold.

news.goldseek.com >> 29 September 2010

GATA clashes with Fed in federal court -- will you join the struggle?
By: Chris Powell, Secretary/Treasurer, GATA
GATA's freedom-of-information lawsuit against the Federal Reserve in U.S. District Court for the District of Columbia, an action seeking access to the Fed's records involving gold and particularly gold swaps, is nearing a critical point.

news.goldseek.com >> 21 September 2010

Central banks don't tout gold sales anymore
By: Adrian Douglas
I have just searched the Internet for commentary or news about the imminent end of the first year of the third Central Bank Agreement on Gold (CBGA), otherwise known as WAG3 (Washington Agreement on Gold 3), in which the 19 signatory European central banks agreed to limit their gold sales to 400 tonnes per year. The agreement's year ends on September 26 but there is nothing but stony silence about it.

news.goldseek.com >> 14 September 2010

Stewart Thompson: Gold's controllers want it higher now
By: Chris Powell, Secretary/Treasurer, GATA
Stewart Thompson, who writes the Graceland Updates letter, is among the few gold market analysts who fully understand and acknowledge gold's centrality to the world financial system and the life-and-death interest central bankers have in controlling gold's price. It would be nice if a few investment conferences invited Thompson to speak instead of, say, Kitco senior gold market analyst Jon Nadler, who continues to insist that central banks have no interest in interfering in the gold market.

news.goldseek.com >> 31 August 2010

Now that GATA can be quoted, can central banks be asked?
By: Chris Powell, Secretary/Treasurer, GATA
For years GATA banged on the door of the Financial Times, including a meeting in London with the newspaper's commodities reporter a year and a half ago, trying to get some attention for the international central bank gold price suppression scheme. The clamor went without result until this weekend, when the FT published a long story about gold by the paper's personal finance reporter, Ellen Kelleher, which was also in large part about GATA's work.

news.goldseek.com >> 24 August 2010

Over lunch with the FT, more ignorant snickering about gold
By: Chris Powell, Secretary/Treasurer, GATA
A "Lunch with the FT" interview with "When Money Dies" author Adam Fergusson, published Friday in the Financial Times and written by Jonathan Ford, was interesting enough but couldn't help concluding with the caricature used to smear anyone interested in gold -- the survivalist loony seeking to be vindicated by the collapse of civilization.

news.goldseek.com >> 19 August 2010

The Failure of the Second London Gold Pool
By: Adrian Douglas
This article is a sequel to my article entitled “Gold Market is not “Fixed”, it’s Rigged” which is essential reading before reading this article. The previous article demonstrated that had a trader consistently bought gold on the London AM Fix and sold it the same day on the London PM Fix and repeated it every day from April 2001 through to today the cumulative loss would be $500 per ounce. Yet gold has been in a bull market during that time and a “buy and hold” strategy over the same time period would have returned a gain of $950 per ounce.

news.goldseek.com >> 17 August 2010

'Banging the close' is illegal in commodities, unless you bang it down
By: Chris Powell, Secretary/Treasurer, GATA
Back in April the U.S. Commodity Futures Trading Commission took action in a commodity market manipulation case that may illustrate what commodity market law enforcement is all about. As part of a settlement agreement, the commission fined Moore Capital Management L.P. of New York $25 million for attempting to manipulate the platinum and palladium futures markets in 2007 and 2008.

news.goldseek.com >> 15 August 2010

Gold Market is not “Fixed”, it’s Rigged
By: Adrian Douglas
In 1919 the major London gold dealers decided to get together in the offices of N.M. Rothschild to “fix” the price of gold each day. While this was notionally to find the clearing price at which all buying interest and all selling interest balanced the possibility for market manipulation and self-dealing is inherently systemic in such a cozy arrangement.

news.goldseek.com >> 1 August 2010

Gold in BIS swaps said to have come from looted bank customers' deposits
By: Chris Powell, Secretary/Treasurer, GATA
If you want to believe the Financial Times, the 346 tonnes of gold swaps recently undertaken surreptitiously by the Bank for International Settlements were a matter of the BIS' requiring three of the world's biggest banks to pledge gold as collateral against U.S. dollar deposits placed with them by the BIS so the BIS could earn a little interest. According to the FT, the banks also needed to raise cash and so were glad to obtain it by collateralizing the BIS' deposits with gold.

What's unravelling is gold price suppression
By: Adrian Douglas
Lawyers always tell their clients to shut up and not speak to the press because the more they say without proper legal consultation, the more likely they are to incriminate themselves. One has to wonder why lawyers at the BIS didn't offer similar advice to the spokespeople at the BIS, because they have opened their mouths and inserted both feet.

news.goldseek.com >> 26 July 2010

The LBMA joins the gold squeeze cover-up
By: Adrian Douglas
The London Bullion Market Association has just taken the highly unusual step of blocking access to statistics relating to the trading activities of its member bullion banks. This information has been available to the public since 1997 but as of this week it is available only to LBMA members.

news.goldseek.com >> 25 July 2010

CFTC's Chilton explains hope for freer, more transparent gold, silver markets
By: Chris Powell, Secretary/Treasurer, GATA
The member of the U.S. Commodity Futures Trading Commission who has been advocating imposing position limits on traders in the precious metals markets, Bart Chilton, has made a video explaining why he thinks the financial regulation law just enacted by Congress and President Obama promises great progress, particularly in making the commodity markets freer and more transparent.

news.goldseek.com >> 12 July 2010

Price suppression follows inevitably from fractional-reserve gold banking
By: Adrian Douglas
For 11 years the Gold Anti-Trust Action Committee has been amassing evidence that the prices of gold and silver are suppressed. The mechanisms by which this is achieved are complex and multi-faceted. Attempting to convince industry insiders and investors that such an intricate price suppression scheme is not only active but has been active for more than 15 years meets a lot of resistance.

news.goldseek.com >> 8 July 2010

Mysterious BIS gold swaps are likely a bullion bank bailout
By: Adrian Douglas
As always, news of anything to do with the gold market is cloaked in secrecy, misinformation, and innuendo. What we can be sure of is that the BIS news is gold-friendly. Why? Because the BIS was intending to keep the matter secret. The BIS gold swaps were not announced but instead "discovered" by an analyst snooping around the BIS accounts.

news.goldseek.com >> 7 July 2010

Mystery around BIS gold swaps impugns them as market rigging
By: Chris Powell, Secretary/Treasurer, GATA
What can be made of this week's reports that the Bank for International Settlements has undertaken gold swaps with central banks, giving them dollars for their pawned gold? A few things have to be considered. First, the BIS apparently has been engaged in surreptitious manipulation of the gold market for a long time.

news.goldseek.com >> 29 June 2010

Russian intelligence found gold market info 'very valuable,' FBI says
By: Chris Powell, GATA
Russian spies in the United States whose arrest was announced Monday last year conveyed information about the gold market that the Russian security service considered "very valuable" and forwarded to the Russian finance ministry and ministry of economic development, according to the criminal complaint filed by the FBI with U.S. District Court in New York.

news.goldseek.com >> 7 May 2010

In Treasury report, shocking evidence of silver price suppression
By: Adrian Douglas
This increase in notional value of silver derivatives represents approximately 220 million ounces, which is 125 percent of the global production of silver during the quarter -- and that is only the increase. The entire notional value represents 106 percent of annual global production. What possible legitimate purpose could such a monstrous derivative position be serving with a maturity of less than one year?

news.goldseek.com >> 6 May 2010

IMF can't explain gold sales now without revealing squeeze
By: Adrian Douglas
GATA has long maintained that the IMF has little to no gold. It has only pledges of gold that are part of the central bank gold reserves of IMF member countries. This view is supported by the inability of the IMF in 2008 to tell GATA Secretary/Treasurer Chris Powell exactly where the IMF's gold is stored and if it is audited.

news.goldseek.com >> 5 May 2010

Another mysterious IMF gold sale -- plugging the London leaks?
By: Chris Powell, Secretary/Treasurer, GATA
Another unexplained sale of gold by the International Monetary Fund turned up today in another Reuters story based on another statement from the World Gold Council. This time the sale is said to have been 18.5 tonnes unloaded in March. Two weeks ago the WGC reported that the IMF had sold 5.6 tonnes in February.

news.goldseek.com >> 12 April 2010

The story is breaking out, and you can help GATA spread it
By: Chris Powell, Secretary/Treasurer, GATA
While GATA has been anticipating this story for some time and GATA board member Adrian Douglas was crucial in facilitating it, because of their sensitivity you never know whether such stories will actually be executed or whether they will be spiked at the last minute. Thanks and congratulations to the Post and its deputy business editor, Michael Gray, the story's author, for publishing it.

news.goldseek.com >> 26 March 2010

A London trader walks the CFTC through a silver manipulation in advance
By: Bill Murphy, Gold Anti-Trust Action Committee
On March 23, 2010, GATA Director Adrian Douglas was contacted by a whistleblower by the name of Andrew Maguire. Maguire is a metals trader in London. He has been told first-hand by traders working for JPMorganChase that JPMorganChase manipulates the precious metals markets, and they have bragged to how they make money doing so.

news.goldseek.com >> 15 March 2010

More Fed minutes document gold market manipulation
By: Adrian Douglas
The Federal Reserve's Federal Open Market Committee (FOMC) meets eight times per year to discuss and set interest rate policy. The minutes of these meetings are not released for five years. This ensures that few people will ever read them. Furthermore, the minutes are heavily redacted and edited.

CFTC invites GATA to speak at March 25 hearing on metals trading
By: Chris Powell, Secretary/Treasurer, GATA
GATA Chairman Bill Murphy was formally invited Friday by the U.S. Commodity Futures Trading Commission to speak at its meeting in Washington on Thursday, March 25, to examine futures and options trading in the precious and base metals markets.

news.goldseek.com >> 9 March 2010

GATA appeals to CFTC to act against manipulative shorts
By: Chris Powell and Bill Murphy, GATA
GATA today delivered to the chairman of the U.S. Commodity Futures Trading Commission, Gary Gensler, a letter from GATA Chairman Bill Murphy, appealing to the CFTC to act against the concentrated and manipulative short positions in the precious metals markets. The commission is expected to hold a hearing this month on establishing position limits in those markets. Murphy's letter is appended.

news.goldseek.com >> 26 February 2010

Write your congressmen to put gold questions to the Fed
By: Chris Powell, Secretary/Treasurer, GATA
While we don't seem to have succeeded in getting any gold questions put to Federal Reserve Chairman Ben Bernanke during his testimony to Congress this week, we'll likely have success if enough of us who are U.S. citizens write to our members of Congress to ask them to put gold questions to Bernanke. He will have a much harder time ducking questions submitted in writing.

news.goldseek.com >> 18 February 2010

Why The IMF's Supposed Gold Sales Don't Mean Much
By: Chris Powell, Secretary/Treasurer, GATA
Below is the press release issued this evening by the International Monetary Fund announcing that it "shortly" will sell 191 tonnes of gold on general markets, unlike the 212 tonnes it claimed to sell last year directly to India, Sri Lanka, and Mauritius. While the gold price quickly fell $7 or so on the news, there are a few things to remember.

news.goldseek.com >> 31 January 2010

Adrian Douglas: An appeal to the CFTC to get serious with gold and silver
By: Adrian Douglas
I recently read some of the work of Craig Pirrong, a recognized expert on commodity markets and market manipulation. In an article published in 1994 he discusses some of the major issues of futures market manipulation. See "Squeezes, Corpses, and the Anti-Manipulation Provisions of the Commodity Exchange Act":

news.goldseek.com >> 11 January 2010

On the Edge with Max Keiser . . . and Chris Powell [Video]
By: Chris Powell, Secretary/Treasurer, GATA
Your secretary/treasurer was interviewed about gold price suppression for 10 minutes this week by "Mad Max" Keiser on his "On the Edge" program for Press TV, and you can watch the segment at YouTube here:

news.goldseek.com >> 3 January 2010

GATA sues Fed to disclose gold market intervention records
By: Chris Powell, Gold Anti-Trust Action Committee Inc.
GATA today brought suit against the U.S. Federal Reserve Board, seeking a court order for disclosure of the central bank's records of its surreptitious market intervention to suppress the monetary metal's price.

The suit was filed in U.S. District Court for the District of Columbia and targets Fed records involving gold swaps, exchanges of gold with foreign financial institutions. In a letter dated September 17 this year to GATA's law firm, William J. Olson P.C. of Vienna, Virginia, (http://www.lawandfreedom.com) Fed Board of Governors member Kevin M. Warsh acknowledged that the Fed has gold swap agreements with foreign banks but insisted that such documents remain secret.

news.goldseek.com >> 29 December 2009

How would anyone know if the Comex is lying too?
By: GATA
What if the Comex data is falsified every day? How would anybody know? Does the public have access to the Comex's internal documentation for contract figures? Does the public have access to the Comex's warehouses so the metal there may be inspected and audited? What if nothing is really there?

news.goldseek.com >> 20 November 2009

Asia Confidential - Bernie Lo Interviews Bill Murphy, Chairman of GATA [Video]
By: Bernie Lo and Bill Murphy
Thanks to our wonderful friend Cary Coutelas, GATA Chairman Bill Murphy's appearance last night on Bernie Lo's "Asia Confidential" program on Bloomberg Television has been posted at YouTube in three parts here:

news.goldseek.com >> 15 November 2009

Greenspan Suggested Gold Price Suppression in 1993
By: Dimitri Speck
Remarks by Dimitri Speck
International Precious Metals and Commodities Show
Olympia Park, Munich, Germany

news.goldseek.com >> 8 November 2009

Gold suppression is public policy and public record, not 'conspiracy theory'
By: Chris Powell, Secretary/Treasurer, GATA
Remarks by Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
International Precious Metals and Commodities Show
Olympia Park, Munich, Germany

news.goldseek.com >> 18 October 2009

Adrian Douglas: How much imaginary gold has been sold?
By: Adrian Douglas
On October 10 I published an article that postulated that the gold market is a Ponzi scheme because it sells gold that doesn't exist by implementation of the principles of fractional reserve banking. (See http://www.gata.org/node/7887.) Since writing that article further information has come to light that supports this claim and allows an estimate of how much gold has been sold that doesn't exist if the owners of the gold ask for it.

news.goldseek.com >> 12 October 2009

Chris Powell: Remarks to the 2009 New Orleans Investment Conference
By: Chris Powell, Secretary/Treasurer, GATA
Remarks by Chris Powell
Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Hilton Riverside Hotel
Thursday, October 8, 2009

news.goldseek.com >> 5 October 2009

Buy a T-shirt, poster, or DVD to support GATA
By: Chris Powell, Secretary/Treasurer, GATA
Your purchases will help finance both GATA's ordinary operations and our forthcoming freedom-of-information lawsuit against the Federal Reserve, about which we hope to have an announcement shortly.

news.goldseek.com >> 29 September 2009

Paul asks Fed: Are you in the gold market?
By: Chris Powell, Secretary/Treasurer, GATA
During last Friday's hearing of the House Financial Services Committee on his legislation to audit the Federal Reserve System, U.S. Rep. Ron Paul asked the Fed's general counsel, Scott G. Alvarez, whether the Fed has ever been involved in the gold market. Four days earlier GATA had disclosed the Fed's admission that it has records of its "gold swap arrangements" with "foreign banks" that it wants to conceal from the public.

news.goldseek.com >> 27 September 2009

Yikes! On CNBC: 'When you own gold, you're fighting every central bank'
By: Chris Powell, Gold Anti-Trust Action Committee
Rickards said he expects gold to go to $2,000 but added, "When you own gold you're fighting every central bank in the world."

news.goldseek.com >> 25 September 2009

Is GATA belaboring the obvious or what still can't be talked about?
By: Chris Powell, Secretary/Treasurer, GATA
Why should the desire for transparent, accountable government be equated with "rooting for the masses, and revolution, and all that nonsense"? More important, why such anger at people who ask questions of a democratic government, and such a defense of enormous power exercised so secretly? Why such an aggressive desire not to know what is going on? How does any of that qualify anyone to be a market analyst?

news.goldseek.com >> 23 September 2009

Fed Admits Hiding Gold Swap Arrangements
By: Chris Powell, Secretary/Treasurer, GATA
The Federal Reserve System has disclosed to GATA that it has gold swap arrangements with foreign banks that it does not want the public to know about.

news.goldseek.com >> 13 September 2009

If only more people could see and feel monetary gold ....
By: Chris Powell, Secretary/Treasurer, GATA
As compelling as monetary gold is theoretically and philosophically, even those who invest in gold for monetary purposes are missing something terribly important if they don't have the opportunity to see it. After all, a fashion model may look smashing quite without a gold necklace or bracelet. But gold's appeal as money is far more than philosophical; it is, of course, intrinsic.

news.goldseek.com >> 8 September 2009

A run on the Bank of the Gold Cartel
By: Adrian Douglas
The market is entering a very different phase. As the run on the Bank of the Gold Cartel gathers pace, the price moves are going to shock even the most bullish. The usual shenanigans of the cartel to turn the market down by selling a blizzard of paper future gold promises will be impotent against a marauding crowd of investors hungry for real gold.

news.goldseek.com >> 24 August 2009

Bundesbank Confirms Germany's Gold Is In Play
By: Chris Powell, Secretary/Treasurer, GATA
Germany's central bank, the Bundesbank, today confirmed that much of its gold is held outside the country at "trading centers" where the bank conducts "its gold activities." The Bundesbank's statement, unsigned and issued by the bank's press office, came as an e-mailed reply to GATA consultant Rob Kirby of Kirby Analytics in Toronto...

news.goldseek.com >> 23 August 2009

GATA Presses Fed to give Up Its Golden Secrets
By: Chris Powell, Secretary/Treasurer, GATA
Yesterday GATA's Washington-area law firm, William J. Olson P.C. of Vienna, Virginia -- http://www.lawandfreedom.com/ -- filed with the Federal Reserve Board an administrative appeal of the Fed's most recent refusal to grant us access to the agency's records involving the U.S. gold reserve.

news.goldseek.com >> 20 August 2009

GFMS Cooks Books to Make Gold Look Bad
By: Adrian Douglas
You have got to be kidding me! Net buyers aren't counted as demand because traditionally they are sellers! That is just the most contrived reporting to come up with the negative gold news GFMS always wants to produce. This means that the change in demand from the central banks, going from selling a net 69 tonnes to buying 14 tonnes, is a positive difference of 83 tonnes. This means that global demand for gold increased by 2 percent, instead of declining 8.6 percent.

news.goldseek.com >> 18 August 2009

Central banks are NOT ordinary gold investors
By: Adrian Douglas
What Hamilton and most people overlook in analyzing central bank gold sales is that they are a farce that beats the best Monty Python sketches. The central banks have printing presses and now computers that can generate loads of fiat money. It is beyond side-splittingly funny that we should take central banks seriously that they need to sell gold in exchange for the stuff they manufacture for free.

news.goldseek.com >> 9 August 2009

Germany's gold is in U.S. custody, Bundesbank confirms
By: Chris Powell, Secretary/Treasurer, GATA
International journalist Max Keiser has just posted a nine-minute documentary he has done about the British government's gold sales that were begun in 1999 and now are disparaged as "Brown's Bottom," after then-Chancellor, now-Prime Minister Gordon Brown, who decided upon the sales and remains unashamed that they marked the bottom of the gold market.

news.goldseek.com >> 6 July 2009

Adrian Douglas: What can ever beat the gold and silver cartel?
By: Adrian Douglas
Paper supply can mimic real supply for quite some time but not forever. The price of gold and silver are set on the Comex futures exchange. The promise to deliver gold and silver in the future can easily swamp the future demand for gold and silver precisely because it is in the future. Investors cannot overpower the cartel in this quaint game of poker because the cartel always has enough fiat money to go "all in" and bluff the long investors.

news.goldseek.com >> 1 July 2009

Video of GATA presentation in Vancouver posted at YouTube
By: Gold Anti-Trust Action Committee Inc.
Video of GATA's presentation to the Vancouver Resource Investment Conference on Sunday, June 7 -- moderated by Peter Grandich, market analyst for Agoracom.com, and featuring Al Korelin of the Korelin Economics Report, financial newsletter writer Jay Taylor, GATA Chairman Bill Murphy, GATA board member Ed Steer, and your secretary/treasurer -- has been posted in three parts at YouTube. You can watch it here:

news.goldseek.com >> 14 June 2009

The paper gold marketer is afraid to look in the vault
By: Chris Powell, Secretary/Treasurer, GATA
The Gold Report newsletter today interviewed Sprott Asset Management's chief investment strategist, John Embry, who remarked that he expects gold to reach $1,500 by the end of the year as hyperinflation begins. But amid the consternation about the gold that may be missing from the Royal Canadian Mint, the interview may be most worthwhile for Embry's reminder about the fundamentally dishonest structure of what passes for the international gold market.

news.goldseek.com >> 17 May 2009

Monetary Metals Suppression is as Old as the Hills
By: Chris Powell, Secretary/Treasurer, GATA
For the time being, in the absence of others who might do it better, GATA would speak for this class too, giving full credit to those who, like Savoie and Lips and so many others, helped to pass the secret knowledge along. But if this knowledge is to prevail and save the world from the ever-more outrageous depredations of the financial class, it can be secret no longer and no one can be allowed to get proprietary about it. It simply has to be shared -- no, proclaimed -- with credit if possible, but without credit is fine too.

news.goldseek.com >> 12 May 2009

Paul Mylchreest: GATA tells the real gold story in London
By: Paul Mylchreest
Last week a three-man team from the Gold Anti-Trust Action Committee (GATA) presented to an audience of more than 70 people including portfolio managers, brokers, journalists, and gold mining executives in London. The event was hosted by Adam Fleming, chairman of Fleming Family and Partners and South African gold company Wits Gold.

news.goldseek.com >> 31 March 2009

Chris Powell, Secretary/Treasurer, Gold Anti-Trust Action Committee Inc. GATA Interview [Video]
By: Chris Powell, Secretary/Treasurer, GATA
Chris Powell, Secretary/Treasurer, Gold Anti-Trust Action Committee Inc. GATA
Interview 31st of March 2009 on America's Newsroom.

news.goldseek.com >> 29 March 2009

Concentrated shorts proven to suppress gold and silver
By: Chris Powell, Gold Anti-Trust Action Committee Inc.
GATA Board of Directors member Adrian Douglas, editor of the Market Force Analysis letter, has combined data from the U.S. Commodity Futures Trading Commission and the Office of the Comptroller of the Currency to show that the suppression of the prices of gold and silver in the last several years correlates exactly with the growing concentration of the short positions held by two U.S. banks, JPMorgan Chase and HSBC.

news.goldseek.com >> 25 March 2009

More documentation of central bank gold rigging -- buried
By: Chris Powell, GATA
The speech given in June 2005 to a conference at the Bank for International Settlements in Basel, Switzerland, by the head of the bank's monetary and economic department, William S. White, who said that a major purpose of international central bank cooperation is "the provision of international credits and joint efforts to influence asset prices (especially gold and foreign exchange) in circumstances where this might be thought useful."

Bloomberg TV's interview with GATA's Bill Murphy
By: Bill Murphy - Bloomberg TV
Thanks to our friend Ricardo for taping and posting at YouTube.com Bloomberg TV's interview tonight with GATA Chairman Bill Murphy.

news.goldseek.com >> 11 March 2009

Modern Gold Rush Under Way [Video]
By: Adrian Douglas and Marina Portnaya
The Russia Today television network's interview with GATA Board of Directors member Adrian Douglas, conducted by Marina Portnaya and elaborating on the gold price suppression scheme of the Western central banks, was posted at YouTube today and you can watch it here:

news.goldseek.com >> 8 January 2009

From Australian TV, A Devastating Parody of Central Banking [Video]
By: Chris Powell, Secretary/Treasurer, GATA
A year ago "Newstopia," the weekly satirical comedy program of the Special Broadcasting Service in Australia, the public broadcasting network there, aired a 3 1/2-minute mock interview with an official of the Reserve Bank of Australia, the Australian central bank. It features the writer, actor, and comedian Shaun Micallef as the television newsman and Nicholas Bell as the RBA official, and it is a hysterical and devastating parody of the aloof smugness and imagined omnipotence of central banking.

news.goldseek.com >> 30 December 2008

Is the COMEX Just a Farce?
By: silberinfo, Bill Murphy and Chris Powell
Bill Murphy and Chris Powell of the Gold Anti-Trust Action Committee (GATA) gave www.silberinfo.com the following exclusive interview:

news.goldseek.com >> 19 December 2008

GATA Chairman Murphy reports on meeting with CFTC
By: Bill Murphy, Chairman, Gold Anti-Trust Action Committee Inc.
There are two things for sure. First, as in the Madoff scandal, no one can say the powers that be didn't get the scoop, the facts about the gold price suppression scheme -- what has happened and why. And second, if there is one person in Washington who will try to get to the truth about gold, this is the man.