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Updated: 1 hour 11 min ago

TF Metals Report explains why gold isn't rising despite dollar index's fall

10 hours 45 min ago

11:19a 5:18p ET Friday, June 23, 2017

Dear Friend of GATA and Gold:

With the dollar index falling, why isn't the gold price rising? The TF Metals Report explains the complications today in commentary headlined "POSX Continues to S(t)ink," which can be found here:

https://www.tfmetalsreport.com/blog/8418/posx-continues-stink

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

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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:

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To contribute to GATA, please visit:

http://www.gata.org/node/16

Dave Kranzler: Central banks try to scare the crap out of the gold market

Mon, 06/26/2017 - 13:48

12:51p ET Monday, June 26, 2017

Dear Friend of GATA and Gold:

Dave Kranzler of Investment Research Dynamics today quotes an explanation for today's central bank flash crash in gold, provided by gold market analyst John Brimelow of John Brimelow's Gold Jottings report:

"The day was well chosen as the Muslim world including Turkey was closed for the end of Ramadan, as was India, which has the amiable habit of observing the holidays of religious minorities."

Kranzler adds: "Four a.m. Eastern time is one of the slowest, lowest-volume trading periods during any 24-hour period. Why would a seller of a large number of contracts sell at that time of day when the largest buyers of what is being sold are not in the market at the time of the sale?"

He answers his own question: "to scare the crap out of the market."

Kranzler's commentary is headlined "Central Bank Intervention Slams Paper Gold" and it's posted at the IRD internet site here:

http://investmentresearchdynamics.com/central-bank-intervention-slams-pa...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Newrange Gold Stakes 111 Additional Claims at Its Pamlico Gold Project in Nevada

Company Announcement
Monday, June 26, 2017

VANCOUVER, British Columbia, Canada -- Newrange Gold Corp. (TSX-V: NRG, US: CMBPF) is pleased to report that the company has staked 111 new claims at the company's Pamlico Project in Nevada. The new claims:

-- Add 928 hectares to property.

-- Increase property by 75 percent to 2,165 hectares.

-- Better encompass the dominant gold trends in the area.

-- Cover areas of prospects and mine workings with historic surface samples ranging from 0.5 to 3.0 grams of gold per metric tonne in highly deformed and altered carbonate sediments.

-- Add multiple prospective targets in favorable volcanic rocks known to host high-grade gold mineralization as currently being explored in the Merritt Zone.

-- Provide a significant exploration and operational "buffer" around previous holdings. ...

... For the remainder of the announcement:

http://www.newrangegold.com/i/pdf/NRG_NR_20170626-Final.pdf

Join GATA here:

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Wednesday-Saturday, October 25-28, 2017
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London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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

Financial Times calls gold's flash crash 'mysterious'

Mon, 06/26/2017 - 13:31

But the newspaper will be damned before it puts to central banks any questions about their gold trading.

* * *

Gold Remains Under Pressure After Mysterious Drop

By Adam Samson
Financial Times, Lodon
Monday, June 26, 2017

Gold, one of this year's best-performing commodities, is still pinned around the day's lows after a mysterious tumble earlier today.

Spot gold was recently down $12.69, or 1 percent, at $1,243.9 a troy ounce. That represented a modest recovery from the day’s lows of $1,236.43, which was the weakest level on an intraday basis since May, according to Bloomberg data.

Traders struggled to pin the fall on a particular event, with some analysts suggesting that an accidental "fat finger" trade may have triggered the initial fall, although moves like that typically immediately unwind.

"One question market participants are asking is: What happened to gold?," Citigroup strategists pondered. ...

... For the remainder of the report:

https://www.ft.com/content/31b7f81e-d803-31bb-8835-95205b7c1c03


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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:

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Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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

David Haggith: Central banks buying stocks have rigged U.S. market beyond recovery

Mon, 06/26/2017 - 13:01

12:05p ET Monday, June 26, 2017

Dear Friend of GATA and Gold:

Financial writer David Haggith today details the documentation available from CME Group, operator of the major futures exchanges in the United States, showing that governments and central banks are surreptitiously intervening constantly in all markets -- not just bonds but also commodities and stocks. Some of this documentation has already been brought to your attention by GATA and Zero Hedge.

Haggith's analysis is headlined "Central Banks Buying Stocks Have Rigged U.S. Stock Market Beyond Recovery" and it's posted at his blog, The Great Recession," here:

http://thegreatrecession.info/blog/central-banks-buying-stocks/

Much of this documentation has been sent by GATA to most major financial news organizations throughout the world but it remains a prohibited subject with them.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Newrange Gold Stakes 111 Additional Claims at Its Pamlico Gold Project in Nevada

Company Announcement
Monday, June 26, 2017

VANCOUVER, British Columbia, Canada -- Newrange Gold Corp. (TSX-V: NRG, US: CMBPF) is pleased to report that the company has staked 111 new claims at the company's Pamlico Project in Nevada. The new claims:

-- Add 928 hectares to property.

-- Increase property by 75 percent to 2,165 hectares.

-- Better encompass the dominant gold trends in the area.

-- Cover areas of prospects and mine workings with historic surface samples ranging from 0.5 to 3.0 grams of gold per metric tonne in highly deformed and altered carbonate sediments.

-- Add multiple prospective targets in favorable volcanic rocks known to host high-grade gold mineralization as currently being explored in the Merritt Zone.

-- Provide a significant exploration and operational "buffer" around previous holdings. ...

... For the remainder of the announcement:

http://www.newrangegold.com/i/pdf/NRG_NR_20170626-Final.pdf

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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

For mainstream news agencies, gold's flash crash must be somebody's 'mistake'

Mon, 06/26/2017 - 11:26

Nobody dares to ask central banks about their gold trading, which is not a "mistake" but longstanding policy, as documented here:

http://www.gata.org/node/14839

* * *

Gold Plunges After 1.8 Million Ounces Were Traded in 1 Minute

By Eddie Van Der Walt
Bloomberg News
Monday, June 26, 2017

Gold sank like a stone at 9 a.m. in London after a huge spike in volume in New York futures that traders said was probably the result of a "fat finger," or erroneous order.

Trade shot up to 1.8 million ounces of gold in just a minute, a level not reached even with the surprise election of U.S. President Donald Trump or Britain's vote to leave the European Union.

... Dispatch continues below ...


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"No one has a clue, apart from the unfortunate individual that pressed the wrong button," David Govett, head of precious metals trading at Marex Spectron Group in London, said of the spike in volume. Thin activity and automated trading may exacerbate such moves, he said.

Others said a trader may have made a larger order than intended, or underestimated the market's ability to absorb so much gold. ...

Rising use of computer-driven algorithmic trading has often been blamed for extraordinary movements in financial markets, known as flash crashes, in recent years.

"These moves are going to become more widespread with the way things are going," Govett said by email. "The more they happen, the worse they will become as people back away from holding positions."

EDITOR'S NOTE: That's exactly the idea, Eddie:

http://www.gata.org/node/17081

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2017-06-26/gold-plunges-as-1-8-m...

* * *

Huge Sell Order Pushes Gold to Six-Week Low

By Zanhi Shabalala
Reuters
Monday, June 26, 2017

LONDON -- Gold tumbled to its lowest price in nearly six weeks as a large sell order and a stronger dollar hit sentiment today, though losses were limited by political
uncertainty around the world. ...

The sale of 18,500 lots of gold, totalling 1.85 million ounces, and 5,000 ounces of silver in 5,500 lots on Comex in a short space of time was behind falling prices, said Afshin Nabavi, head of trading at MKS in Switzerland.

"Clearly somebody sold it by mistake and bought it back quickly, triggering stops below $1,250," said MKS trader Bernard Sin. ...

... For the remainder of the report:

https://uk.reuters.com/article/global-precious-idUKL3N1JN34X

* * *

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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

Another flash crash in gold but few will express curiosity about it

Mon, 06/26/2017 - 08:21

7:24a ET Monday, June 26, 2017

Dear Friend of GATA and Gold:

Zero Hedge this morning seems first to notice the punishment inexplicably inflicted on the gold futures market "on a surge in volume with 18,000 contracts, or just over $2 billion notional, trading in a one-minute window, with "volumes running around 150 percent of recent averages" as of 9:20 a.m. London time.

Zero Hedge adds that "the sudden selling soaked up all the liquidity in the gold market in seconds, with the clear intention of repricing gold lower."

Fortunately for the people manipulating the market, the monetary metals mining industry, the World Gold Council, and mainstream financial news organizations, and most gold and silver market analysts won't express the slightest curiosity about this.

The Zero Hedge report is headlined "Gold Flash Crashes As 'Someone' Dumps $2 Billion; 'Fat Finger' Blamed" and it's posted here:

http://www.zerohedge.com/news/2017-06-26/gold-crashes-someone-dumps-2-bi...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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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.

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New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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

Monetary metals will follow cryptocurrencies upward, Embry tells KWN

Sun, 06/25/2017 - 20:47

7:50p ET Sunday, June 25, 2017

Dear Friend of GATA and Gold:

The explosion in cryptocurrencies, Sprott Asset Management's John Embry tells King World News today, signifies the growing desire of people to escape the fiat currency system, an escape cut off for the moment by the suppression of gold and silver prices by shorting by governments and their allied investment banks. But, Embry says, this only makes the monetary metals, and especially silver, the most undervalued assets and they will follow the cryptos eventually. Embry's comments are excerpted at KWN here:

http://kingworldnews.com/silver-and-the-biggest-asset-inflation-in-histo...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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

Monetary Metals reconstructs gold and silver forward rates

Fri, 06/23/2017 - 18:15

5:18p ET Friday, June 23, 2017

Dear Friend of GATA and Gold:

Monetary Metals, the Scottsdale, Arizona-based company that provides investors opportunities to earn interest on gold that is paid in gold, today announced that it is publishing daily "gold forward" and "silver forward" interest rates of the sort formerly published by the London Bullion Market Association -- the interest rate charged by bullion dealers for lending gold and silver against U.S. dollars.

In an announcement written by the comapny's vice president for operations, Bron Suchecki, formerly of the Perth Mint, Monetary Metals said: "The forward rate is important to gold mining, refining, jewelry, mint, and industrial manufacturing companies because their financing and hedging transactions depend on it. However, the LBMA stopped publishing GOFO in January 2015 and SIFO in in November 2012."

Monetary Metals Chief Executive Officer Keith Weiner said: "We are providing the daily forward and lease rates as a service to the industry."

The announcement by Monetary Metals is posted at the company's internet site here:

https://monetary-metals.com/monetary-metals-brings-back-the-gold-forward...

Monetary Metals' gold forward rate can be found here:

https://monetary-metals.com/thought-leadership/data-science-charts/gold-...

Monetary Metals' silver forward rate can be found here:

https://monetary-metals.com/thought-leadership/data-science-charts/silve...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

ADVERTISEMENT

Goldco Is America's No. 1 Gold IRA Provider

Goldco Precious Metals was founded by Trevor Gerszt in 2006 with a mission to help Americans protect their retirement accounts from market volatility and inflation by adding precious metals like gold and silver.

Experts predict that we are headed toward another economic crash like the one in 2008. If you aren't prepared, your retirement savings could vanish. At Goldco we take the time to understand our customers' investment goals and objectives and give them the resources to feel confident that their money will be there for them when they need it.

To learn more about adding gold and silver precious metals to your retirement accounts, please visit Goldco here:

https://goldco.com/

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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

More derivatives planned to entice gold investors in India

Fri, 06/23/2017 - 15:03

Options on Gold Futures May Be Launched in August

By Ram Sahgal
The Times of India, Mumbai
Friday, June 23, 2017

http://economictimes.indiatimes.com/markets/commodities/news/options-on-...

Traders of equity options will soon get a new product to punt or hedge on -- options on gold futures. MCX, the country's largest commodity derivatives exchange, could introduce the options by August, two persons familiar with the development said. One of them said the chief draw for equity option players would be the cheaper cost to trade.

The cost to trade one lot (1 kilo) of gold futures at Ruprees 28.6 lakh was Rupees 1.43 lakh, or around 5 percent intraday on Thursday. An option contract will be available at just a fifth of that, or Rupees 29,000, one of the persons said. The gold futures contract is costlier than trading even one lot of Titan futures at Rupeess 1.25 lakh intraday on Thursday.

Gold options "would be a draw for those who want to take exposure to commodity futures and options at a cheaper cost," the other person said. ...

... For the remainder of the report:

http://economictimes.indiatimes.com/markets/commodities/news/options-on-...

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
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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

GATA chairman contrasts performance of cryptos and monetary metals

Thu, 06/22/2017 - 22:32

9:35p ET Thursday, June 22, 2017

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy, interviewed by Elijah Johnson for Silver Doctors, contrasts the performance of cryptocurrencies with the suppression of gold and silver prices and argues that the potential for the monetary metals is great. The interview is 13 minutes long and can be heard at You Tube here:

https://www.youtube.com/watch?v=q3cz1AbQsfU&feature=youtu.be

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

ADVERTISEMENT

We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at info@goldcore.com or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at: http://www.goldcore.com

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

First Majestic's Keith Neumeyer discusses monetary metals market manipulation

Thu, 06/22/2017 - 22:18

9:20p ET Thursday, June 22, 2017

Dear Friend of GATA and Gold:

First Majestic Silver CEO Keith Neumeyer, interviewed by Elijah Johnson for Silver Doctors, discusses manipulation of the monetary metals markets, his agitation against it, what metals investors can do to oppose it, and the prospects for silver and his company in particular. The interview is 23 minutes long and can be heard at Silver Doctors here:

http://www.silverdoctors.com/silver/silver-news/mining-ceo-predicts-130-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

ADVERTISEMENT

USAGold: 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.

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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

Ted Butler: JPMorganChase keeps winning a rigged game in silver

Thu, 06/22/2017 - 15:33

2:35p ET Thursday, June 22, 2017

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler today examines JPMorganChase's seemingly perfect record trading silver year after year without a loss. His commentary is headlined "A Rigged Game" and it's posted at GoldSeek's companion site, SilverSeek, here --

http://silverseek.com/commentary/rigged-game-16689

-- and at 24hGold here:

http://www.24hgold.com/english/news-gold-silver-a-rigged-game.aspx?contr...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

ADVERTISEMENT

Storage and Withdrawal of Gold with Bullion Star in Singapore

Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.

Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage rates are competitive.

For more information, please visit Bullion Star here:

https://www.bullionstar.com/

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

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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:

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To contribute to GATA, please visit:

http://www.gata.org/node/16

The fog around gold really isn't so obsolete at all

Thu, 06/22/2017 - 15:12

2:15p ET Thursday, June 22, 2017

Dear Friend of GATA and Gold:

"One Nation Under Gold" author James Ledbetter writes in the Los Angeles Times today that the wealthier people are, the less likely they are to own gold, and that gold is best regarded as an investment by people who can't afford it. Ledbetter observes that Americans still own a lot of gold even as nobody is sure how much.

Indeed, his essay is most interesting for acknowledging the fog that continues to surround gold.

Ledbetter writes: "While we may think that we live in a more accountable era, our lack of knowledge about gold ownership suggests otherwise. Back when all major currencies were tied to gold, there were economic (and, arguably, national security) reasons to be vague about how much metal resided where. Yet even after a half-century of a floating currency in this country, a legacy of secrecy still surrounds the metal.

"One price of this information void is conspiratorial thinking. Some of the conservative and libertarian figures who demand that the Federal Reserve be audited, for example, grumble that there may be a lot less gold -- maybe none! -- in Fort Knox than official numbers allow. Perhaps that lacuna does only minimal damage to the body politic, but it's hard to think of any good purpose that is served by perpetuating our ignorance about gold."

Ledbetter doesn't realize that the "information void" with gold is maintained precisely because all major currencies really still are tied to gold, or at least to gold price suppression by governments and central banks, because, since gold remains money, the gold price is always the reciprocal of the price of government currencies. Thus gold remains a "national security" issue for any country that values government power over free markets.

Ledbetter could write a book on that subject as well, starting with the documentation GATA has summarized here:

http://www.gata.org/node/14839

His essay in the L.A. Times is headlined "How Much Gold Do Americans Own?" and it's posted here:

http://www.latimes.com/opinion/op-ed/la-oe-ledbetter-gold-count-20170622...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Goldco Precious Metals was founded by Trevor Gerszt in 2006 with a mission to help Americans protect their retirement accounts from market volatility and inflation by adding precious metals like gold and silver.

Experts predict that we are headed toward another economic crash like the one in 2008. If you aren't prepared, your retirement savings could vanish. At Goldco we take the time to understand our customers' investment goals and objectives and give them the resources to feel confident that their money will be there for them when they need it.

To learn more about adding gold and silver precious metals to your retirement accounts, please visit Goldco here:

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GATA Reception at the International Metal Writers Conference
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To contribute to GATA, please visit:

http://www.gata.org/node/16

Hambro ousted from gold miner Petropavlovsk after battle with Russian investors

Thu, 06/22/2017 - 14:21

By Jon Yeomans
The Telegraph, London
Thursday, June 22, 2017

Peter Hambro has lost his bid to stop a major Russian investor from filleting the board of Petropavlovsk, the gold mining company he co-founded more than 20 years ago.

Shareholders at the London-listed miner's annual general meeting voted in favour of a resolution by Renova to oppose the reappointment of Mr. Hambro and three independent non-executive directors.

Renova's attempt to appoint two new directors to the board also succeeded, as did an effort by fellow investors M&G -- part of Prudential -- and Sothic to have two of their nominees appointed.

The result means that Mr Hambro is no longer a director of Petropavlovsk, and his choice to replace him as chairman, Andrew Vickerman, has also been ousted. ...

... For the remainder of the report:

http://www.telegraph.co.uk/business/2017/06/22/peter-hambro-ousted-gold-...

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http://www.goldmoney.com/?gmrefcode=gata


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New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
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Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

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To contribute to GATA, please visit:

http://www.gata.org/node/16

At least the gold coins under your mattress won't do this while you sleep

Thu, 06/22/2017 - 14:15

Ethereum Briefly Crashed from $319 to 10 Cents in Seconds on One Exchange After 'Mmultimillion-Dollar' Trade

By Arjun Kharpal
CNBC, New York
Thursday, June 22, 2017

The price of ethereum crashed as low as 10 cents from around $319 in about a second on the GDAX cryptocurrency exchange on Wednesday, a move that is being blamed on a "multimillion dollar market sell" order.

Ethereum is an alternative digital currency to bitcoin and had been trading as high as $352 on Wednesday. It has since rebounded from its flash-crash lows to trade to about $325 on the GDAX exchange. According to industry and price tracking website Coinmarketcap, which takes into account the price on several exchanges, ethereum was trading around $338.

Adam White, the vice president of GDAX which is run by U.S. firm Coinbase, posted on the exchange's blog, outlining what took place at around 12:30 p.m. PT on Wednesday. According to White, the multimillion dollar market sell order resulted in a number of orders being filled from $317.81 to $224.48.

As the price continued to fall, another 800 stop loss orders and margin funding liquidations caused ethereum to trade as low as 10 cents.

... For the remainder of the report:

http://www.cnbc.com/2017/06/22/ethereum-price-crash-10-cents-gdax-exchan...

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Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage rates are competitive.

For more information, please visit Bullion Star here:

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New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
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Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

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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:

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To contribute to GATA, please visit:

http://www.gata.org/node/16

Ronan Manly: Are the world's billionaire investors actually buying gold?

Thu, 06/22/2017 - 13:41

12:48p ET Thursday, June 22, 2017

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly today questions assertions that prominent billionaire investors are buying gold. The problem, Manly says, is that it's not always clear whether they are buying real metal or derivatives. Manly's analysis is headlined "Are the World's Billionaire Investors Actually Buying Gold?" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/ronan-manly/worlds-billionaire-investo...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

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USAGold: Great prices, quick delivery -- all the time.

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Monday-Thursday, November 27-30, 2017
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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:

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To contribute to GATA, please visit:

http://www.gata.org/node/16

German business magazine publishes major article on gold market manipulation

Wed, 06/21/2017 - 17:29

4:31p ET Wednesday, June 21, 2017

Dear Friend of GATA and Gold:

Focus Money, a German-language business magazine published in Munich with circulation of more than 100,000, this month included a major article about gold market manipulation. It cites GATA's work and quotes your secretary-treasurer and the economist and market manipulation researcher Rosa Abrantes-Metz. The article, written by Johannes Heinritzi, is well-illustrated and is posted in PDF format at GATA's internet site here:

http://www.gata.org/files/FocusMoney-06-07-2017.pdf

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.

Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage rates are competitive.

For more information, please visit Bullion Star here:

https://www.bullionstar.com/

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

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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:

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http://www.gata.org/node/16

AttachmentSize FocusMoney-06-07-2017.pdf501.71 KB

Dave Kranzler: Anti-gold propaganda flares up

Wed, 06/21/2017 - 16:56

By Dave Kranzler
Investment Research Dynamics, Denver
Wednesday, June 21, 2017

Predictably, after the gold price has been pushed down in the paper market by the Western central banks -- primarily the Federal Reserve -- negative propaganda to outright fake news proliferates.

The latest smear-job comes from London-based Capital Economics by way of Kitco.com. Some "analyst" -- Simona Gambarini -- with the job title of "commodity economist," reports that "gold's luck has run out" with the 25-basis-point nudge in rates by the Fed. She further explains that her predicted two more rate hikes will cause even more money to leave the gold market.

Hmmm. ... If Gambarini were a true economist, she would have conducted enough research of interest rates to know that every cycle in which the Fed raises the Fed Funds rate is accompanied by a rise in the price of gold. This is because the market perceives the Fed to be "behind the curve" on rising inflation, something to which several Fed heads have alluded. ...

... For the remainder of the report:

http://investmentresearchdynamics.com/anti-gold-propaganda-flares-up/

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Goldco Is America's No. 1 Gold IRA Provider

Goldco Precious Metals was founded by Trevor Gerszt in 2006 with a mission to help Americans protect their retirement accounts from market volatility and inflation by adding precious metals like gold and silver.

Experts predict that we are headed toward another economic crash like the one in 2008. If you aren't prepared, your retirement savings could vanish. At Goldco we take the time to understand our customers' investment goals and objectives and give them the resources to feel confident that their money will be there for them when they need it.

To learn more about adding gold and silver precious metals to your retirement accounts, please visit Goldco here:

https://goldco.com/

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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

Shanghai Gold Exchange to offer yuan-back futures contract in Budapest

Wed, 06/21/2017 - 15:46


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K92 Intersects High-Grade Gold in Multiple Drill Holes at Irumafimpa

Company Announcement
Monday, June 19, 2017

K92 Mining Inc. (TSXV:KNT) is pleased to announce recent results from 11 diamond drill holes completed in the ongoing underground grade control drilling program at its high-grade Kainantu Gold Mine.

A number of these latest results are particularly important as they show wide high-grade intersections less than 20 metres from the drill cuddy.

Ian Stalker, K92 chief executive officer and Director, says: "The latest grade control drilling results include some of the widest that we have seen to date at Irumafimpa, with 8.2 metres at 24.65 grams per tonne gold equivalent recorded in hole GCDD0074 and 4 metres at 60.57 grams per tonne gold equivalent recorded in hole GCDD0071. Importantly in both places these intersections commence less than 20 metres from the drill cuddy." ...

... For the remainder of the announcement:

http://www.k92mining.com/2017/06/k92-intersects-high-grade-gold-in-multi...

By Maggie Zhang
South China Morning Post, Hong Kong
Wednesday, June 21, 2017

China is looking to expand the use of its yuan-denominated gold fix overseas, the chairman of the mainland China's sole gold bourse said today, reflecting on Beijing's attempt to vie for a bigger say in the price-setting of the precious metal.

It is now expected that a gold futures contract based on China's yuan-backed gold benchmark price could be listed on the Budapest Stock Exchange in Hungary as soon as the second half of this year, said Jiao Jinpu, chairman of the Shanghai Gold Exchange (SGE) at the Lujiazui Forum, which ends in Shanghai today.

SGE is considered the world's largest physical bullion exchange.

The yuan-backed benchmark fix, launched by the SGE in April 2016, reflects Beijing's hopes of reducing its reliance on U.S.-dollar based prices of the metal, he said.

It also reflects Beijing's latest step to push ahead its plan to make the yuan a global currency, analysts added. ...

... For the remainder of the report:

http://www.scmp.com/business/china-business/article/2099370/shanghai-gol...

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

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

Join GATA at Mines and Money's London conference in November

Tue, 06/20/2017 - 17:17

4:18p ET Tuesday, June 20, 2017

Dear Friend of GATA and Gold:

Planning is under way for the 15th annual Mines and Money conference in London, headquarters of both the real gold business and the paper gold business. The conference will be held from Monday to Thursday, November 27-30, at the Business Design Centre in London's Islington neighborhood.

Dozens of mining companies will be exhibiting, scores of leading investors will be attending, and dozens of mining and financial experts will speak, including mining entrepreneur Robert Friedland; Commodity Discovery Fund founder and author Willem Middelkoop; Ronald-Peter Stoferle, managing partner of Incrementum and co-author of the investment firm's annual "In Gold We Trust" reports; Sprott Asset Management CEO Peter Grosskopf; Tocqueville Asset Management portfolio manager Doug Groh; Ross Norman, CEO of bullion dealer Sharps Pixley; David Morgan of Silver-Investor.com; and British political leader Nigel Farage.

Your secretary/treasurer will be speaking too.

For more information about Mines and Money London and to register for the conference, please visit:

http://london.minesandmoney.com/

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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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
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

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