VIEWPOINTS, Questions and Answers, and a correction

Section:

Dear fellow members of GATA,

This is the first of what I hope will be once-weekly postings for the
GATA E-mail Campaign.

Every pro-GATA posting at a website forum and every pro-GATA e-mail that
goes out to the media, to senators, to congressmen, and to mining
companies has a ripple-on effect, to let the world know that
WE GATA MEMBERS ARE OUT TO EXPOSE AND BRING TO COURT THE CABAL OF
BULLION DEALERS AND ASSOCIATES, WHOM WE BELIEVE ARE WORKING TOGETHER, IN
VIOLATION OF TRUST LAWS, TO SUPPRESS THE PRICE OF GOLD

One very active GATA member, who prefers to remain anonymous, composed a
fine letter for me to send in my name to push the E-MAIL CAMPAIGN along,
and I have decided to send you what he wrote in OUR NAME, GO GATE.
Because for me GO GATA IS A TEAM OF TWO HUNDRED STRONG. So please read
the words as GO GATA words, from the member who wrote them, from me, and
from you to you. hERE THEY ARE:

We all know how important it is to get the word out about our cause, to
increase awareness and to raise funds for our legal representation. Now
each one of us is an individual, scattered throughout the four corners
of the earth. We are men and women, of various beliefs, race and
cultural backgrounds. Yet we have a common purpose in our desire for
GATA and it's success. At this precise moment in time, each one of us is
aware of at least one company that needs to hear about GATA. It may be a
Gold Mine, a precious metals stock fund, a commodities dealer,
conservative newsletter, coin or bullion dealer, precious metals WEB
site, anything that relates to the metals market or has a strong public
voice about fairness under the law.

Oh, and let's not forget our state representatives in the senate and
congress(USA). Please, take a moment out of your busy schedules and
write us who these folks are. We need Company name, type of business,
name of president or chief financial officer, e-mail and regularmailing
address, phone number if you have it handy. Email this info back to GATA
as soon as possible, so that letters and emails can be prepared and
sent. Regarding the state senators and representatives, we can write
them all. However, nothing counts more than these people hearing from
their own people in their own jurisdiction.

THANK YOU! We shall succeed!

- - - - -
To help you participate more effectively in the GATA E-mail Campaign, I
plan to send out a weekly GATA E-MAIL CAMPAIGN posting with e-mail
addresses that you send me for others to write to, as well as URLS to
post to, along with news about what members are doing for the Campaign.
I will also share ideas and useful wordings for letters. Please help me
develop the weekly posting by sending me e-mail addresses, good
websites, media hints, etc., etc. send me your suggestions.

- - - - -
In the posting I sent out yesterday, THE CHALLENGE THAT GATA FACES, I
added a PS in which "Jerry" calls on Bema Gold shareholders to write to
Bema about GATA. Today Jerry followed up with, "In case you don't have
it, Bema can be e-mailed direct at ir@bemagold.com.

- - - - -
BTW, Ken Reser is back in town. His Yukon mine is still snowed in. He
reckons he will be house-bound for maybe ten days. So watch this man in
action at the USA Gold, Kitco (www.kitco.com) and Gold-Eagle
(www.gold-eagle.com) Discussion Groups -- and add your bit to the
pro-GATA discussions he generates.

- - - - -
Now here is the cc of a letter that Jim Bruce has been e-mailing to
people of influence who should know about GATA and what GATA stands for.
You may have read how I introduced Jim in the last E-mail Campaign
posting as a member with a lifetime of professional experience in
promotions campaigns such as we are mounting here.
So this is a useful letter for those of you who need a little boost, to
use for ideas (and phrases here and there we professionals lift from
each other all the time):

Dear Mr - - - - -,

A simple question: Have you considered the possibility that the world
gold market is purposely being held down by large mining interests,
central banks, hedge funds and the fed? One reason being profit, another
to keep the inflation perception to a minimum? Multiple announcements by
the leaders of four countries over the last couple of weeks to sell IMF
gold, is just the latest gimmick to suppress the gold price.

This is where David and Goliath come in. I don't know if you have heard
of GATA (Gold Antitrust Action Committee). They are a very new, non
profit federation of investors, mutual funds, gold exploration/mining
companies,bullion/coin dealers and others who suspect world wide active
collusion to keep the price of gold down.

The principal actors reportedly are some very prominent U.S. Investment
Bankers with Goldman Sachs and J.P.Morgan reportedly heading the list.
It is believed that scandalous profits are being made by pursuing what
may very well be a violation of U.S. Anti-Trust Laws.

I am a 60-year-old supporter and own over $50,000 (current depressed
value) in gold and metal stocks. Supporters join with donations on a
strictly voluntary basis. In just a few weeks, with their campaign
underway, GATA has raised almost $40,000. It is their intention to
retain a nationally known, eminent Anti-Trust counsel as the GATA law
firm. Again, GATA firmly believes that US Anti-Trust laws are being
violated by US Gold Traders and Investment Bankers.

IF the focus on this question of collusion/criminally illegal activity
is found to be rampant, this could blow the lid off the whole mess and
lead to a rapid rise in gold prices. Shorts will try to cover and may
find it hard to do so, if the reported short figures out there are
correct. This could additionally have an adverse impact on governments
who continue to print "paper money" and central banks who have "leased"
their gold to the shorts (to enable the shorts tomanipulate the market).

For further background information, I suggest you write to Bill Murphy,
Chairman of GATA. You'll find him and others at the GATA website at
www.gata.org. David and Goliath? You bet. Has David got a chance? The
way this GATA group is catching on Goliath may be surprised.

Oh, one more thing. You may be aware that Congressman Jim Saxton (NJ)
who is also Chairman of the CongressionalJoint Economic Committee; and
his fellow Committee members are reviewing the pleas to sell U.S.gold
for the IMF. Congressman Saxton, has been on the Hill since 1984.

His email address is jim.saxton@mail.house.gov. Reports are that the
Committee does not understand why this has to be done as it simply looks
like an accounting gimmick. All the IMF has to do is reduce the interest
rates they are charging the poor countries.

It was reported that one staff member to whom a friend spoke said,
"JimSaxton and I understand that selling more gold hurts those mineral
rich, but poor, African countries, the IMF says it wants to help!". He
also said " the Committee was at "war" of sorts with the Treasury,
headed up by Robert Rubin, former senior man at Goldman Sachs. They do
not like certain ways the IMF is operating and disagree with a fair
amount of the IMF's policies. From a tactical standpoint they know they
can only focus on certain issues with their "war" with the Treasury. The
IMF gold sale proposal is one that they have chosen to highlight.

While this letter has been lengthy, I hope it has aroused your
investigative nature enough to merit taking a closer look.

Respectfully,
Jim Bruce
(Address Given Remember your letters are taken more seriously if you
add your snail-mail as well as e-mail address).

- - - - -
Here are extracts from another sample letter, sent to the editors
editors@interactive.wjs.com -- by 76-year-old James Cole from New
Canaan, CT, in support of Congressman Jim Saxton and the Congressional
Joint Economic Committee that he chairs:

Dear Sir, (Go Gata Note: "Dear Folk" might have been better,
gender-wise)

I trust you are aware that Congressman Jim Saxton (NJ) who is also
Chairman of the Congressional Joint Economic Committee; and his ..
fellow Committee members are reviewing the pleas to sell U.S. gold for
the IMF.

(Congressman Saxton, who has been on the Hill since 1984, has a
website. http://www.house.gov/saxton/.
His office phone is 202 225 4765, his fax is 202 225 0778 and
his email address is jim.saxton@mail.house.gov)

I have heard reports that the Committee does not understand why this has
to be done as it is apparently really an accounting gimmick. All the IMF
has to do is reduce the interest rates they are charging the poor
countries.

(slice similar information to that given by Jim
Bruce)

On Friday 03/19, Congressman Saxtons office issued the Press Release
shown below in behalf of the Joint Economic Committee.

HOWEVER, THE WIRE SERVICES DID NOT EVEN SEND IT OUT, SO I AM
REPRESENTING IT TO YOU, IN THE HOPES THAT THIS APPARENT/SEEMING
SUPPRESSION OF A VERY IMPORTANT AND NEWSWORTHY ITEM WILL PIQUE YOUR
INVESTIGATIVE INTEREST IN THIS SUBJECT;
("IS THERE LEGAL MALFEASANCE OR COLLUSION AFOOT")!

(slice -- press release)

I don't know whether or not you have heard of GATA (Gold Anti-Trust
Action Committee). This is a non profit federation of investors and
mutual funds, gold exploration/mining companies and others who suspect
world wide active collusion to keep the price of gold down; with the
principal actors reportedly being some very prominent U.S. Investment
Bankers with Goldman Sachs and J.P. Morgan reportedly heading the list!
It is believed that scandalous profits are being made by pursuing what
may very well be a violation of U.S. Anti-Trust Laws.

Donations are on a strictly voluntary basis I am a 76 year old
supporter and own over $ 100,000 (current depressed value) in gold and
metal stocks. In just a few weeks, with their campaign just getting
underway GATA has raised almost $ 30,000 (Now over $40,000 GO GATA).
It is their intention to retain a nationally known eminent Anti-Trust
counsel, Berger & Montague, in the near future to get to the bottom of
this and to support GATAs belief that US Anti-Trust laws are being
violated by US Gold Traders and Investment Bankers.

IF the light of day is focused on this question and collusion/criminally
illegal activity is found to be rampant, this could blow the lid off
the
whole mess and lead to an explosion in gold prices- as the "shorts" try
to cover!! This could well be impossible, if reported short figures are
correct.

Such an event could additionally have an adverse impact on governments
who continue to print "paper money" and central banks who have "leased"
their gold to the shorts (to enable the shorts to manipulate the
market); especially if the shorts are unable to repay the borrowed gold-
or worse yet- go bankrupt!

For further background information, I would strongly suggest you-write
to Bill Murphy, Chairman of GATA at lepatron@lemetropolecafe.com
as well as visiting the GATA website at http://www.gata.org/

In addition I would suggest you or your staff visit
http://www.lemetropolecafe.com/Scripts/registration.cfm
This site; WHICH IS FREE FOR TWO WEEKS is an excellent compilation of
articles from people around the world commenting on/
supporting the suggestion that something is definitely AMISS in Alices
Wonderland!

While lengthy I hope this letter has aroused your investigative nature
enough to merit taking a closer look.

Sincerely,

Jim Cole
(Address Given)

- - - - - -
In an earlier posting for the E-MAIL CAMPAIGN, I promised that GATA
Secretary Chris Powell and I would provide you with basic information
for use in e-mailing.

Here is our offering in the form of Answers to six likely Questions:

1.
WHO IS GATA TAKING ANTI-TRUST ACTION AGAINST?

GATA contemplates suing investment houses, gold trading companies, gold
mining companies, and any others who have conspired and colluded to
control the price and supply of gold, gold-related securities, and other
commodities and securities. The investment houses that bailed out
Long-Term Capital Management last summer in order to control the price
and supply of the securities LTCM had bought and sold are primary
suspects. So are the investment houses that soon after the LTCM bailout
formed the Counterparty Risk Management Group. The LTCM bailout and the
formation of the Counterparty Risk Management Group are acknowledged
incidents of collusion by business operations that are supposed to be
competitors. Of course whether this collusion violated anti-trust law is
a matter of details and will have to be determined by a court.

2.
WHY IS GATA CONTEMPLATING THE ANTI-TRUST ACTION?

GATA contemplates such anti-trust action because it believes in free and
transparent markets generally and in the crucial monetary function of
gold particularly. Gold is the truth teller, the barometer, about
currencies, national economies, and the international economy. Tampering
with the price of gold distorts economic measurements everywhere and
facilitates the debasement of currencies as well as market manipulations
that benefit governments and the rich at the expense of the great
majority. Further, GATA resents the devastation that the suppression of
the gold price has brought to the mining industry worldwide and
especially to the economies of developing nations.

3.
HOW LONG HAS GATA BEEN GOING?

GATA is, formally, the Gold Anti-Trust Action Committee Inc., a United
States (Delaware) corporation formed to advocate and undertake
litigation to liberate the price of gold. The committee was formed in
January 1999 by Bill Murphy of Rye, N.H., a financial commentator and
proprietor of the Internet site www.lemetropolecafe.com; John Meyer of
Great Barrington, Mass., a money manager; Chris Powell of Manchester,
Conn., a newspaper editor; and Boudewijn Wegerif, an economist and
teacher in Stockhold, Sweden. The committee was prompted by Murphy's
commentaries and investigation of collusion in the gold market and by an
essay by Powell, published at Murphy's Internet site, calling upon
gold's advocates and defenders to go beyond complaining about collusion
and to start taking action against it, since it is illegal.

4.
WHAT SUPPORT DOES GATA HAVE?

GATA's support builds every day as word of its cause spreads throughout
the world. GATA has support from mining company executives and
shareholders, miners themselves, and believers in gold's monetary
function. While the committee has been operating less than two months,
it has received dozens of financial contributions, and more than 200
registered supporters at its Internet discussion group,
www.egroups.com/list/gata. But GATA's lawsuit targets the most powerful
and richest interests in the world, and so GATA is constantly seeking
more supporters and contributions to finance its lawsuit.

5.
WHAT SUCCESS HAS GATA HAD SO FAR?

Perhaps GATA's greatest success so far has been to begin to reverse the
demoralization among gold interests, who increasingly see that their
survival and the restoration of free markets in all respects, not just
in gold, depend on exposing the collusion of the major investment
houses. GATA believes that once its lawsuit is filed, the "discovery"
process in prosecuting the lawsuit will expose more and more collusion
and particularly the unsupportable short positions in gold taken by the
colluders. Exposure of this alone may be sufficient to end the collusion
and liberate the gold price. GATA knows that the investment houses
around the world are watching its work with fear, and gold interests
watching it with hope.

6.
WHAT IS GATA ASKING OF YOU?

GATA asks supporters to make a financial contribution toward sustaining
the lawsuit (the cost of a first-rate law firm and its extensive
investigation); to register at www.egroups.com/list/gata so they may be
kept informed about the progress of GATA's work and contribute their own
ideas to the movement; and to spread the word about GATA everywhere.GATA
is frankly a political and educational cause and solicits support on
those grounds, making no promises as to the outcome. We're up against
forces that, because of their vast power and arrogance, have been called
the "masters of the universe." But we believe that we still may prevail
because the truth, a more just international economic order, and United
States law are on our side. In the United States one man with the law is
still a majority, no matter how powerful the lawbreakers.

So "fiat justitia et ruant coeli"
Let justice be done though the heavens fall.

- - - - -

And that is it, for this week, for the GO GATA E-MAIL CAMPAIGN

Let's go out this week and make it for real:
GO GATA IS A TEAM OF TWO HUNDRED STRONG

GO GATA, Go Gold,

Boudewijn Wegerif (Bodwin)
Moderator GATA E-mail Group

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