Daily Dispatches

''Midas'' commentary for February 18, 2001

Section:

9:16p ET Tuesday, February 20, 2001

Dear Friend of GATA and Gold:

Sean Corrigan of Capital Insight in Great
Britain has written an important essay
about the gold market in which GATA figures
prominently. Indeed, little of interest
happens in the gold market these days that
does NOT involve GATA. You can read
Corrigan's essay at www.Gold-Eagle.com here:

http://www.gold-eagle.com/gold_digest_01/corrigan022201.html

U.S. commitment to strong dollar faces market test

Section:

9:15p ET Friday, February 16, 2001

Dear Friend of GATA and Gold:

You gotta check this out:

http://www.gata.org/latest.html

It's a photo of GATA Chairman Bill Murphy
with the king of the Zulu tribe in South
Africa, a direct descendant of the famous
Zulu warrior Shaka, whose "enveloping horn"
strategy Murphy has put into effect at

Robert Chapman essay on gold price manipulation

Section:

By Gerard Baker and Ed Crooks
The Financial Times
February 18, 2001

Palermo, Italy -- World currency markets are set to
test on Monday the most emphatic attempt yet by Paul
O'Neill, the new U.S. treasury secretary, to
demonstrate the Bush administration's commitment to a
strong dollar.

Mr. O'Neill used the opportunity of the weekend's
meeting of finance ministers and central bank governors

Gold Fields closes hedge positions

Section:

By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
February 15, 2001

There is no way I can do justice to my trip to South
Africa, but I will cover it here as best I can. While
it would have been better to write details down as the
days went by, there was little time to do so. It is
from fond memory alone that I now relate my hectic
adventure.

The South African countryside is very beautiful and I

Attack on South African currency gets recognition

Section:

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

Below is a Reuters story from a Frankfurter Allgemeine Zietung
interview with U.S. Treasury Secretary Paul O'Neill.

It seems clear to me that a change is in the wind when it comes to
U.S. government interference in the world gold market.

Secretary O'Neill knows what GATA knows. Through sources GATA
also

More anti-manipulation hints from new treasury secretary

Section:

A press release from the company.

JOHANNESBURG, South Africa, Feb. 16 (PRNewswire) -- Gold Fields
Limited today announced that it had closed out the last of its
remaining hedge positions.

Chris Thompson, Chairman and Chief Executive Officer of Gold Fields
said: "Gold Fields is now totally unhedged, which is an affirmation
of our policy in this regard."

Gold Fields bought back 160,000 ounces of gold forward sales at an

The King and I -- as in Murphy

Section:

1:16p ET Friday, February 16, 2001

Dear Friend of GATA and Gold:

A few weeks ago GATA Chairman Bill Murphy told you how the big
bullion banks, short irrecoverable amounts of gold, seemed to be
speculating against the South African rand, as they seemed to have
done against the Australian dollar, to drive down the local currency
and induce gold mining companies to sell more gold forward.

New treasury secretary seems inclined against bailouts

Section:

10:13p ET Wednesday, February 14, 2001

Dear Friend of GATA and Gold:

There's an important new article at The Mining
Web about gold consumption and the short position
in gold, written by Tim Wood. You can find it
here:

http://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B2852569F3007384
5F?OpenDocument

GATA chairman''s full report on his visit to South Africa

Section:

11:45p ET Thursday, February 15, 2001

Dear Friend of GATA and Gold:

The old politician said that "there's no such thing as
bad publicity." He might have been wrong, but at this
stage of GATA's work, we figure that he's right, so we
will take the following critical commentary from South
Africa Business Report as a compliment to the
effectiveness of the recent trip to South Africa of

Criticism of GATA in South Africa Business Report, but don''t worry

Section:

11:40p ET Friday, February 16, 2001

Dear Friend of GATA and Gold:

We at GATA would like to think that the following story
from the Financial Times indicates that the new U.S.
administration's international economic policy will
differ from its predecessor's in regard to bailing out
Wall Street and its clients, including the gold cartel.

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

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