Fed minutes reveal that ESF surreptitiously lends U.S. gold

By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
April 16, 2001

Gold producers around the world have been invited to
the GATA African Gold Summit in Durban, South Africa,
on May 10.

In the past, when asked about the manipulation of the
gold market, many gold producers have told their
shareholders that they have found no evidence of gold
market manipulation. That is about to change. The
conference in Durban will be their opportunity to
review the evidence first-hand from a variety of
experts.

One of the speakers will be Frank Veneroso of Veneroso
Associates. He will reveal documentation that the
central bank gold loans are two to three times the
official estimates. These loans have been used by the
Gold Cartel to hold down the gold price to the
detriment of so many. Since the mainstream gold world
admits to only 5,000 tonnes of central bank gold loans,
Frank's presentation will make clear that something is
severely amiss.

It is what the Gold Cartel does not want you to know.

A portion of Frank's awesome Power Point presentation
may now be viewed at www.GATA.org web site under quot;South
Africa.quot; The exact address is:

a href=http://www.gata.org/south_africa.htmlhttp://www.gata.org/south_africa.ht...

Gold and gold share investors have been the
laughingstocks of the investment world for many years.
That should not have been the case and would not have
been if not for the irresponsible and in some cases
illegal actions of certain banks.

The conference in Durban is the opportunity for the
gold industry and affected parties, such as the South
African miners, to turn it all around, as we will offer
an action plan pursuant to our presentation.

Once the politicos and mainstream investment world
realize what has actually happened, the price of gold
will rise sharply. It goes almost without saying that
the benefits to gold and gold share investors will be
extraordinary.

The summit committee has invited many of the gold
producers to inspect the evidence. The day of quot;see no
evil, hear no evil, speak no evilquot; must end. It is
time that action is taken on behalf of the shareholders
instead of the bureaucrats and bullion dealers.

Since some of the gold producers may not be able to
attend, we are asking them to pay for what it would
cost to send one or two people to review the
documentation that will be presented. The information
will be forwarded to them and I will be available over
the next month to field any questions.

The preparation and cost of the Durban event are
extensive. We need their support.

In addition to our support staff in Durban, five people
with a combined 150 years of experience in the areas to
be discussed are taking days out of their busy
schedules to make presentations that can change the
gold industry forever.

What could be more important to a gold producer's chief
executive officer?

The Gold Anti-Trust Action Committee asks for the
support of shareholders around the world. Please
contact the companies invited to the conference and
urge their attendance and review of the evidence.

The following companies have already confirmed that
they are sending representatives, so they need not be
contacted:

Avgold Durban Roodeport Deep Harmony Gold Mining JCI

We are waiting for responses from:

JC Gold Mining
Caledonia Mining
Gold Fields
Randgold Resources
St. Helena Gold Mining
Sub-Nigel Gold Mining
Witwatersrand Gold Mining

(Two executives from Western Areas and Anglogold cannot
attend, so we are re-contacting them to see if someone
else from those companies can take their place.)

Agnico-Eagle Mines
Ashanti
Barrick Gold
Bema Gold
Buenaventura
Cambior
Campbell Resources
Dayton Mining
Echo Bay Mines
Freeport McMorRan Copper and Gold
Franco-Nevada
Glamis Gold
Goldcorp
Gold Reserve
Golden Star Resources
Homestake Mining
Kincross Gold
Lihir Gold
Meridian Gold
Newmont Mining
Normandy Mining
Placer Dome
Richmont Mines
Rio Tinto
Southwestern Gold
World Gold Council

All gold producers are welcome. If you know of any that
would like to attend that we have not invited or that
wish to receive the information presented in exchange
for a contribution, please contact me at
LePatron@LeMetropoleCafe.com.

This is a one-shot affair and can make a lasting
difference. The more the gold industry participates,
the greater the success it will be.

Investments in gold company shares can become the
investments of a lifetime if only the chief executive
officers will come and listen.

The gold price should be $600, not $260. It will be
$600 once this information is understood and
disseminated.

It is the hope of the Gold Anti-Trust Action Committee
that gold shareholders everywhere will seize the day by
contacting the world's gold producers. Ask them to
review Frank Veneroso's presentation at the GATA web
site and then urge them to attend the conference.

The gold whistle is blowing. It's game time. Please
send this email to every gold company, every gold site,
and every gold shareholder you can think of.

This is your call to arms. We all can make it happen.
Let's do it!

When you go to www.GATA.org, please allow some for
downloading the Veneroso presentation, as the graphics
are extensive.