You are here

Kitco's Horwitz sees 'nothing new to report' in gold even as BIS intervention hits another record

Section: Daily Dispatches

12:10p ET Tuesday, October 27, 2020

Dear Friend of GATA and Gold:

On Saturday GATA's expert on the Bank for International Settlements, Robert Lambourne, reported that the bank's surreptitious intervention in the gold market on behalf of its member central banks had reached another record high:

But on Monday Kitco's gold and silver market analyst, Todd "Bubba" Horwitz, produced commentary headlined "There Is Nothing New to Report":

Now maybe Horwitz and Kitco meant "nothing new to report" in the sense that the BIS has been surreptitiously intervening in the gold market on behalf of its member central banks for many years, and the new record high level of intervention comes only a month after the last record high level.

... Dispatch continues below ...


USAGold: Coins and bullion since 1973

USAGold, well known for its Internet site,, 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:

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

But then Horwitz and Kitco seem never to have acknowledged the intervention of the BIS in the gold market, so their acknowledging it would be new to Kitco's readers, and it could include some pretty interesting stuff, like the advertising the bank has done to let prospective central bank members know that its services include surreptitious interventions in the gold market:

Horwitz's "Nothing New to Report" parody of expertise is almost as funny as the "Nothing to See Here" parody performed by Leslie Nielsen in "The Naked Gun":

For there's "nothing new to report" in the gold market only if you're trying hard not to see anything.

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

* * *

Join GATA here:

Mining Investment Asia (Virtual)
Monday-Wednesday, November 2-4, 2020

Mining Investment North America (Virtual)
Wednesday-Thursday, November 11-12, 2020

* * *

Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

Buyers can compose their case by choosing as many as four varietals from the list here:

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at

* * *

Help keep GATA going:

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

To contribute to GATA, please visit: