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Who's selling today, and selling what -- metal or paper? Mainstream financial journalism won't ask
10:57a ET Tuesday, Ocober 21, 2025
Dear Friend of GATA and Gold (and Silver):
Market analysts are searching for an explanation for today's bombing of gold and silver prices. For example:
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Gold and Silver Prices Slide in Abrupt Selloff
By Adam Whittaker
The Wall Street Journal
Tuesday, October 21, 2025
https://www.wsj.com/articles/gold-edges-higher-on-likely-dip-buying-interest-f9df606f
The sudden fall in gold and silver prices lacks a clear trigger, XTB research director Kathleen Brooks writes. ...
The fall is likely caused by stretched valuations and signals that U.S. CPI data could be softer than expected, she adds.
... Dispatch continues below ...
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A slide in prices isn't necessarily a bad thing as it shows that investors aren't getting too far ahead of themselves and that there is a limit to gold's exuberance, Brooks writes. While the decline has been more severe than expected, the fundamentals propelling gold and silver upward remain, she adds.
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Unfortunately this search will not extend to the connections between central banks, bullion banks, and their daily and usually surreptitious interventions in the markets, both buying and selling, to defend their currencies against market forces.
A summary of the long history of this intervention against gold, in recent years undertaken most often with derivatives, is here:
https://www.gata.org/node/20925
Gold and silver have been rising with strange haste recently, and by conventional measures can be said to be very "overbought."
But who knows and will report which entities were selling today, and exactly what they were selling -- real metal or paper derivatives? What journalist will telephone a central bank or a bullion bank with an inconvenient question and report his inability to get an answer?
Even when events in the monetary metals markets are as much lacking a "clear trigger" as today's, no mainstream financial journalist dares to put inconvenient questions about gold to anyone, much less powerful institutions.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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"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:
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