Midas commentary for February 24, 2000


11:55p EST Wednesday, February 23, 2000

Dear Friend of GATA and Gold:

Here's an informal but interesting dispatch tonight from
GATA Chairman Bill Murphy about some friends of
GATA, to whom we're very grateful, and about today's
market action.

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

* * *

By Bill Murphy
February 23, 2000

I just had dinner with Marshall Auerback at a
restaurant here in Dallas, Texas. He is much fun.

A bit of background on Marshall. He graduated magna cum
laude from Queens University in Kingston, Ontario, and
then went to Oxford University in England to get his
law degree. He now resides near London and has a
beautiful wife, whom I have met, and two rascal sons.

Marshall flew into Dallas on business with David Tice
and leaves Saturday for the Nesbitt Burns Gold
Conference in Tampa, Florida.

I asked Marshall to give my salute to two of the class
acts of the gold industry, Geoff Stanley and Egizio
Bianchini of Nesbitt Burns. Stanley and Bianchini are
top in their arena and stand-up guys.

One quick note for the night because I received so many
emails today. Yes, the Hannibal Cannibal crowd came in
right on cue at the designated time this morning to
knock down the gold market $3 before the opening, and
Goldman Sachs knocked gold down $2 in the last five
minutes to finish off their orchestration of "gold

It is an outrage and it is disgusting. The good news is
that the world is getting wise to it.We document
everything they do and forward it to Berger &
Mongtague, the finest anti-trust lawyers in the world.

Frank Veneroso spent two hours on the phone recently
with Merrill Davidoff of Berger & Montague, GATA's
senior attorney, and said he was awed by Merrill's
photographic membory about the markets over the past 20
years. Frank is not easily impressed. I could not get
him to stop talking about Merrill's brilliance.

A note for new members of www.LeMetropoleCafe.com and
GATA: GATA's associate attorney with Merrill at Berger
& Montague is Jerome Marcus, who not long ago was
featured on the front page of The New York Times as the
brains behind the Paula Jones case. Jerome was the one
who kept that case alive for all those years, acting
unselfishly behind the scenes and steering it toward
success. So few in the world know how proud GATA is to
have such talented and principled guys on our truth-
seeking team.