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TF Metals Report: It's all about that yen

4 hours 33 min ago

2a SAKT, Tuesday, April 1, 2015

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson today provides more evidence in support of London-based market analyst Paul Mylchreest's December study --

http://gata.org/node/14822

-- concluding that gold was yoked in an algorithmic short/long trade with the Japanese stock index, only Ferguson sees it as a trade with the Japanese yen.

Ferguson writes: "If you're baffled why 'fundamentals don't seem to matter,' it's because the fundamentals don't matter. There are very few human traders of size left and the computers control everything. In this environment, arcane notions such as supply/demand and company fundamentals are insignificant. The primary drivers to these 'markets' are changes to the USD/JPY."

Ferguson's commentary is headlined "It's All About that Yen" and it's posted at the TF Metals Report here:

http://www.tfmetalsreport.com/blog/6726/its-all-about-yen

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

Greece likely to default within two weeks, Turk tells KWN

Mon, 03/30/2015 - 21:30

8:30a PHT Tuesday, March 30, 2015

Dear Friend of GATA and Gold:

Greece likely will default on its debts to the European Central Bank, the International Monetary Fund, and other bondholders within the next two weeks as a run on Greek banks continues, GoldMoney founder and GATA consultant James Turk tells King World News today, adding that this will probably rock the markets. An excerpt from the interview is posted at the KWN blog here:

http://kingworldnews.com/ecb-to-steal-greek-bank-deposits-as-greece-to-d...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

Mike Kosares: Reflections in a golden eye

Sun, 03/29/2015 - 23:59

11a PHT Monday, March 30, 2015

Dear Friend of GATA and Gold:

In his latest commentary at USAGold, Mike Kosares writes that short-term profits from gold trading may be paltry compared to long-term profits when financial systems come apart, expresses skepticism about the new London gold-fix mechanism, argues that government deficits matter because the public debt can become a serious burden on society, predicts that the Chinese yuan's ascendance will support gold, and maintains that the seemingly slow pace of central bank gold repatriation is not as important as the intent of the repatriation. Kosares' commentary is headlined "Reflections in a Golden Eye" and it's posted at USAGold here:

http://www.usagold.com/publications/Apr2015SpecialReport.html

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

Australia ready to join Asian Infrastructure Investment Bank

Sun, 03/29/2015 - 07:00

Prime Minister Tony Abbott Gives Green Light to $100 Billion Asian Infrastructure Investment Bank

Stephanie Peatling and Philip Wen
Sydney Morning Herald
Sunday, March 29, 2015

Prime Minister Tony Abbott has cleared the way for Australia to join the new multi-billion-dollar, China-led Asian Infrastructure Investment Bank but says some issues remain before Australia could consider full membership.

Abbott announced Australia would sign a memorandum of understanding that will allow Australia to be involved in negotiations to set up the $100 billion bank.

"Key matters to be resolved before Australia considers joining the Asian Infrastructure Investment Bank include the bank's board of directors having authority over key investment decisions, and that no one country control the bank," Abbott said in a statement. ...

... For the remainder of the report:

http://www.smh.com.au/federal-politics/political-news/prime-minister-ton...

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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

Former Canadian foreign minister, former U.S. House speaker join Barrick advisory board

Sun, 03/29/2015 - 01:02

By Kristy Kirkup
Canadian Broadcasting Corp., Toronto
Saturday, March 28, 2015

Former Canadian foreign affairs minister John Baird has a new job as an adviser to global mining giant Barrick Gold, the corporation has confirmed.

In its annual report, the company listed Baird and former U.S. lawmaker Newt Gingrich as members of its international advisory board.

Barrick Gold says the group is made up of 10 external advisers who meet about once a year to provide advice to the board of directors and management on geopolitical and strategic matters. ...

... For the remainder of the report:

http://www.cbc.ca/news/politics/john-baird-ex-foreign-affairs-minister-t...

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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

Miners' gold forward sales surged 103 tonnes last year, most since 1999

Sun, 03/29/2015 - 00:57

By Jan Harvey
Reuters
Friday, March 27, 2015

The volume of gold sold forward by mining companies rose by 103 tonnes last year, the biggest annual increase since 1999, an industry report showed on Friday.

That far outstrips an estimate given late last year of 42-52 tonnes, after Mexican gold and silver miner Fresnillo said it was hedging 47 tonnes of output over five years.

In their quarterly Global Hedge Book Analysis, Societe Generale and GFMS analysts at Thomson Reuters said the bulk of the rise in the global gold hedge book last year was driven by Fresnillo and Russia's Polyus Gold, which announced a major hedging deal in July. ...

... For the remainder of the report:

http://www.reuters.com/article/2015/03/27/gold-hedging-idUSL6N0WT2IP2015...

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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

Alasdair Macleod: Central banks paralyzed at the zero bound

Sat, 03/28/2015 - 02:36

1:35p PHT Saturday, March 28, 2015

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod writes today that if, as seems likely, central banks can't risk normalizing interest rates, even the U.S. dollar will be pressured in the currency markets, with supportive implications for gold. Macleod's commentary is headlined "Central Banks Paralyzed at the Zero Bound" and it's posted at GoldMoney here:

http://www.goldmoney.com/research/analysis/central-banks-paralysed-at-th...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

Koos Jansen: China's next gold announcement may be tied to SDR move this year

Sat, 03/28/2015 - 02:21

1:20p PHT Saturday, March 28, 2015

Dear Friend of GATA and Gold:

Bullion Star market analyst and GATA consultant Koos Jansen today cites indications that the inclusion of the Chinese yuan in the International Monetary Fund's "special drawing rights" basket this year will be connected to China's announcement of a substantial increase in its gold reserves. Jansen notes statements of Chinese policy that gold acquisition is crucial to the country's economic development, and infers from those statements that China's next reserves announcement will claim more gold than Germany, the world's second-largest purported gold holder, but less reserves than the United States, the largest purported gold holder, even as surpassing the United States in gold reserves remains China's long-term objective. Jansen's analysis is headlined "When Will China Disclose Its True Official Gold Reserves and How Much Is It?" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/koos-jansen/when-will-china-disclose-i...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

USAWatchdog's Greg Hunter interviews GoldMoney's Alasdair Macleod

Fri, 03/27/2015 - 05:41

4:40p PHT Friday, March 27, 2015

Dear Friend of GATA and Gold:

USAWatchdog's Greg Hunter this week interviewed GoldMoney research director Alasdair Macleod about the dangers of the worldwide credit bubble and the stealthy but steady and determined pursuit of gold by the government of China. The interview is headlined "We Are All Trapped" and can be heard at USAWatchdog here:

http://usawatchdog.com/we-are-all-trapped-alasdair-macleod/

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Zurich, Switzerland, remains an extremely safe location for storing coins and bars of the monetary metals. If you do not own segregated physical coins and bars that you can visit, inspect, and take delivery of, you are vulnerable. International diversification remains vital to investors.

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Read GoldCore's "Essential Guide to Gold Storage In Switzerland" here:

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

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


Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

Former BIS official who admitted gold price suppression comes out for free markets

Fri, 03/27/2015 - 05:26

4:30p PHT Friday, March 27, 2015

Dear Friend of GATA and Gold:

Hinde Capital in London, in cooperation with the free-market advocates of the Cobden Centre, this week published the first part of an interview with former Bank for International Settlements official William R. White, who in a speech in June 2005 to a BIS conference confessed on behalf of the bank to the international central bank gold price suppression scheme:

http://www.gata.org/node/4279

White is now chairman of the Economic and Development Review Committee of the Organization for Economic Cooperation and Development, and in the Cobden Centre interview he expresses skepticism about "quantitative easing," contends that the biggest problem of the world financial system is excessive debt, argues that much of this debt will have to default and be written off, and laments that free markets are being impaired by central bank interest rate-suppression policies that are propping up uneconomic businesses.

Of course gold price suppression is a prerequisite of interest rate suppression and is just as antithetical to free markets, so it would have been nice if White was questioned about that, especially since his former employer, the BIS, remains the broker for surreptitious central bank interventions in the gold market:

http://www.gata.org/node/12717

http://www.gata.org/node/11012

Well, maybe it will happen in Part 2 of the interview.

Part 1 is accessible at the bottom of this page at the Hinde Capital Internet site:

http://hindesightletters.us9.list-manage.com/track/click?u=d2c52d5aa8b48...

You'll have to register your e-mail address for a free subscription to the HindeSight letter but they often have good stuff and you can always opt out later.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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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


Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

Gold market manipulation raised by Euronews broadcast

Thu, 03/26/2015 - 08:16

7:14p HKT Thursday, March 26, 2015

Dear Friend of GATA and Gold:

Bullion Star market analyst and GATA consultant Koos Jansen tonight calls attention to a segment of the "Business Middle East" program on the French-based Euronews television network that this week asked whether gold market manipulation would diminish under the new gold price-fixing mechanism in London. Looks like gold market manipulation can get into the mainstream financial news media ... at least in Arabic:

https://www.bullionstar.com/blogs/koos-jansen/euronews-if-china-joins-th...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Buy precious metals free of value-added tax throughout Europe

Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries.

Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world.

Visit us at www.europesilverbullion.com.

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

Gold market manipulation is 'too inflammatory' to be debated at Hong Kong conference

Thu, 03/26/2015 - 07:35

6:51p HKT Thursday, March 26, 2015

Dear Friend of GATA and Gold:

Yesterday's concentration on gold at the spectacular Mines and Money Hong Kong conference may have inadvertently proved GATA's longstanding contention that gold market manipulation simply can't be discussed in polite company almost anywhere in the world.

For at the outset of a panel discussion described as a debate about the direction of the gold price, its moderator, Rod Whyte, a longtime gold advocate and member of the Board of Directors of Australia-based business information provider Aspermont Ltd., announced that the panelists had agreed that gold market manipulation would not be discussed because the topic is "too inflammatory."

Since Whyte has expressed support for GATA at other venues, the calculated avoidance of the manipulation issue would seem to have been someone else's idea. In any case the panel included two members who could not have been expected to want to discuss the issue: Philip Klapwijk, formerly an analyst for Gold Fields Mineral Services, now managing director of Precious Metals Insights Ltd. in Hong Kong, and Albert Cheng, Far East managing director for the World Gold Council.

... Dispatch continues below ...


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While Klapwijk predicted that the price of gold will fall substantially, predictions for the gold price are of no particular concern to GATA. We recognize that as long as the futures markets are operating, central banks can drive the price down to zero or up to infinity.

But your secretary/treasurer was in the audience and would have liked to ask Klapwijk and Cheng a few questions.

For example:

-- Was the Banque de France's director of market operations, Alexandre Gautier, telling the truth when he told the London Bullion Market Association meeting in Rome in September 2013, that the bank is secretly trading gold for its own account and the accounts of other central banks "nearly on a daily basis"? (See: http://www.gata.org/node/13373.)

-- Is the Bank for International Settlements telling the truth when it maintains in its annual report that it does the same sort of secret trading on behalf of its member central banks, trading not only gold itself but also gold futures, options, and other derivatives? (See: http://www.gata.org/node/12717.)

-- Is the BIS sincere when it advertises that it undertakes secret interventions in the gold market for its members? (See http://www.gata.org/node/11012.)

-- If these central banks are indeed doing so much secret trading in the gold market, what are their objectives and might this secret trading manipulate the market and thereby deceive and cheat investors?

-- And for the World Gold Council's Cheng in particular: In its various analyses of the gold market, does the World Gold Council ever consider this secret trading by central banks, and does the council have any opinion about it?

Unfortunately the program did not permit questions.

An hour later your secretary/treasurer began his own presentation by noting the gold debate panel's determination that discussion of market manipulation is "too inflammatory" to be discussed and reminding the audience that they had been warned and might want to leave so as to avoid the ensuing unpleasantness. It was gratifying that no one walked out, though of course Klapwijk and Cheng had not stuck around.

Your secretary/treasurer said that GATA has spent 15 years collecting the documentation of largely surreptitious manipulation of the gold market by central banks and clamoring and litigating against it --

http://www.gata.org/taxonomy/term/21

-- and that the presentation of this documentation had served mainly to get GATA disparaged as "conspiracy theorists."

But your secretary/treasurer added that there is such a thing as conspiracy fact -- as when the European Central Bank gathers its members secretly every few years to determine their policy in the gold market and then announces that this policy indeed has been determined in secret and that it will continue to be determined in secret and executed in secret as well:

http://www.ecb.europa.eu/press/pr/date/2014/html/pr140519.en.html

It is also conspiracy fact when the G-10 Gold and Foreign Exchange Committee, representing the treasury departments and central banks of the industrial world, undertakes the same sort of secret meetings for policy formation and execution --

http://www.gata.org/node/9623

-- just as it is conspiracy fact when the U.S. Federal Reserve secretly undertakes and executes gold swap arrangements with foreign banks --

http://www.gata.org/node/7819

-- and when members of the International Monetary Fund swap and lease gold in secret to facilitate their secret interventions in the gold and currency markets:

http://www.gata.org/node/12016

Indeed, insofar as it operates largely in secret much of the time, government itself is by definition one big conspiracy.

Any serious analysis of the gold market, your secretary/treasurer said, must begin with these questions:

-- Are central banks in the gold market largely surreptitiously or not?

-- If central banks are in the gold market largely surreptitiously, is it just for fun -- for example, to see which central bank's trading desk can make the most money by cheating the most investors -- or is it for policy purposes?

-- If central banks are in the gold market for policy purposes, are these the traditional purposes of defeating a potentially competitive world reserve currency (see http://www.gata.org/node/13310) or might there be other purposes as well (see http://www.gata.org/node/14994)?

Then your secretary/treasurer presented as many documents as the remainder of his 20 minutes allowed. Fortunately this allowed citation of the U.S. Commodity Futures Trading Commission and U.S. Securities and Exchange Commission documents indicating that central banks are secretly trading all major U.S. futures markets and contracts:

http://www.gata.org/node/14385

http://www.gata.org/node/14411

http://www.gata.org/node/14818

Grateful as he was to be allowed to participate again at the Hong Kong conference, your secretary/treasurer would be even more grateful to participate in any forum at which anyone of any standing in the gold market who dismisses complaints of gold market manipulation as "conspiracy theory" would be prepared to address the questions and documents cited here.

Of course it would be ideal if anyone in authority in government anywhere would attend a forum for addressing these questions and documents.

Yes, these questions and documents may be considered inflammatory, but only insofar as the world's financial system has become a cosmic fraud that deserves to go up in flames.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

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Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

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

Koos Jansen: Turkey's mint sometimes products more gold coins than U.S. mint

Thu, 03/26/2015 - 00:37

11:36a HKT Thursday, March 26, 2015

Dear Friend of GATA and Gold:

The Turkish mint gets little attention, Bullion Star market analyst and GATA consultant Koos Jansen writes today, but it is among the biggest in the world and in some recent years has produced more gold coins than the U.S. mint. Jansen's report is headlined "The Largest Gold Mints in the World" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/koos-jansen/the-largest-gold-mints-of-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

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Ambrose Evans-Pritchard: US risks epic blunder by treating China as an economic enemy

Wed, 03/25/2015 - 23:56

By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, March 25, 2015

The United States has handled its economic diplomacy with shocking myopia.

The US Treasury's attempt to cripple the Asian Infrastructure Investment Bank before it gets off the ground is clearly intended to head off China's ascendancy as a rival financial superpower, whatever the faux-pieties from Washington about standards of "governance."

Such a policy is misguided at every level, evidence of what can go wrong when a lame-duck president defers to posturing amateurs in Congress on delicate matters of global geostrategy.

Washington has enraged Britain by trying to browbeat Downing Street into boycotting the project. It has forced allies and friendly countries across the Far East to make a fatal choice between the US and China that none wished to make, and has ended up losing almost everybody. Germany, France, and Italy are joining. Australia and South Korea may follow soon.

The new bank is exactly what the world needs. China must recycle its trade surpluses and its $3.8 trillion reserves by one means or another. It can buy US Treasuries, Bunds, or Gilts, perpetuating a global bond bubble. It can make surgical investments abroad to acquire technology for its champions and pursue a narrow national interest.

Or it can recycle the money in concert with other members of the bank -- with a start-up capital of $50 billion -- for sewage projects, clean energy, ports, roads, and railways in Asia, helping to plug a $700 billion shortfall in infrastructure investment that the World Bank is too small to cover and which is of collective benefit to the world. ...

... For the remainder of the report:

http://www.telegraph.co.uk/finance/economics/11495638/US-risks-epic-blun...

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GoldCore's O'Byrne: HSBC is closing safe-deposit boxes to gold

Tue, 03/24/2015 - 15:20

2:20a HKT Wednesday, March 25, 2015

Dear Friend of GATA and Gold:

GoldCore's Mark O'Byrne writes today that the gold-storage facilities HSBC is closing are essentially safe-deposit boxes rather than vaults. O'Byrne adds that gold owners are probably better off not storing their gold with a bank anyway. His commentary is posted at GoldCore here:

http://www.goldcore.com/us/gold-blog/hsbc-not-closing-gold-vaults-safety...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

Koos Jansen: Indian gold imports exploding in March

Tue, 03/24/2015 - 14:42

1:40a HKT Wednesday, March 24, 2105

Dear Friend of GATA and Gold:

India's gold imports are soaring again, Bullion Star market analyst and GATA consultant Koos Jansen writes today, even as the Indian government is searching for ways to "monetize" -- or, really, paperize -- the metal. Jansen's commentary is headlined "Indian Gold Imports Exploding in March" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/koos-jansen/indian-gold-import-explodi...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

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Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

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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

Koos Jansen: Will Shanghai International Gold Exchange help push yuan and gold into SDR?

Tue, 03/24/2015 - 03:25

2:25p HKT Tuesday, March 24, 2015

Dear Friend of GATA and Gold:

The Shanghai International Gold Exchange, Bullion Star market analyst and GATA consultant Koos Jansen writes today, very likely has been established in part to facilitate the inclusion of China's yuan and gold into the "special drawing rights" currency of the International Monetary Fund. Jansen's analysis is posted at Bullion Star here:

https://www.bullionstar.com/blogs/koos-jansen/will-the-shanghai-internat...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

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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:

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China's premier asks IMF to include yuan in SDR basket

Tue, 03/24/2015 - 03:04

By Ben Blanchard
Reuters
Monday, March 23, 2015

BEIJING -- Chinese Premier Li Keqiang has asked the head of the International Monetary Fund to include China's yuan currency in its special drawing rights basket, state news agency Xinhua said.

"China will speed up the basic convertibility of yuan on the capital account and provide more facility for domestic individual cross-border investment and foreign institutional investment in China's capital market," Xinhua paraphrased Li as telling IMF Managing Director Christine Lagarde, in a report late Monday.

Li added that "China hoped to, through the SDR, play an active role in the international cooperation to maintain financial stability and promote the further opening of China's capital market and financial area," the report said. ...

China's yuan at some point would be incorporated in the SDR currency basket, Lagarde said on Friday. ...

... For the remainder of the report:

http://www.reuters.com/article/2015/03/24/us-china-imf-idUSKBN0MK0522015...

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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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:

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Nevsun reports vandalism at Eritrea mine but nothing about air raid

Tue, 03/24/2015 - 02:36

Nevsun Resources Describes Reported Attack on Eritrea Mine as 'Act of Vandalism'

Claire Brownell and Peter Koven
National Post, Toronto
Monday, March 23, 2015

Nevsun Resources Ltd. is describing an attack on its Bisha mine in Eritrea as an "act of vandalism," an account that contrasts starkly with African media reports saying the mine was bombed by Ethiopan fighter jets.

In a statement released Sunday, Nevsun said vandals caused minor damage to the base of a tailings thickener at the mine during the night shift on Friday, releasing water into the plant area.

But the Ethiopian news site Tigrai Online said it had confirmed a report that the Ethiopian air force bombed the mine on Friday. Sudanese newspaper Al-Sahafa was the first to report that the attack was a military operation from Ethiopia.

"The Bisha gold mine, which is about 150 kilometers from the city of Asmara, is on fire and huge fire and smoke can be seen from far away," the reports claimed. ...

A source close to Nevsun said the company is not sure what happened and isn't ruling out any possibilities until it completes an investigation. Nevsun's statement said the company has implemented additional safety precautions and no employees were harmed. ...

... For the remainder of the report:

http://business.financialpost.com/2015/03/23/nevsun-resources-ltd-descri...

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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

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To contribute to GATA, please visit:

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China's Zijin in talks to buy gold, copper mines abroad

Mon, 03/23/2015 - 22:28

By Polly Yam
Reuters
Monday, March 23, 2015

HONG KONG -- China's Zijin Mining Group Co. Ltd. is in talks to buy gold and copper mining assets abroad and expects to finalise some acquisitions this year, its chairman said on Monday.

Chen Jinghe said that current market conditions were favourable for acquisitions but did not identify targets.

Some talks "have almost reached maturity. ... This year there will be some important results," Chen told a news conference in Hong Kong after the company's 2014 earnings. ...

... For the remainder of the report:

http://www.reuters.com/article/2015/03/23/zijinmining-results-ma-idUSL3N...

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* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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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