Daily Dispatches

Gold Fields closes hedge positions


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

The South African countryside is very beautiful and I

Attack on South African currency gets recognition


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

More anti-manipulation hints from new treasury secretary


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


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


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


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


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


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.

Important article about gold consumption and short position


By Reginald H. Howe
February 12, 2001

Not until 80 years after the war began did Thomas Pakenham publish
his authoritative history, "The Boer War" (Weidenfeld &
Nicholson, 1979; Abacus paperback edition, 1992, reprinted 2000, to
which all page cites refer). Relying on material largely unavailable
earlier, Pakenham emphasizes at the outset that he uncovered four new

South African gold is still prey for the British lion


Johannesburg, South Africa / Monday, February 12, 2001

Dear Friend of GATA and Gold:

Today went extremely well.

First I met with the National Union of Mineworkers. Attending were
Mr. S. Zokwana, president: G. Mantashe, generalsSecretary; A. Palane,
deputy general secretary: and Gino Govender, co-ordinator of the
union's strategy unit.

Then, I headed off to Pretoria and a meeting in the board room at the

Murphy''s report on meetings with miners union, Reserve Bank


4:55p ET Saturday, February 10, 2001

Dear Friend of GATA and Gold:

GATA member Mark Lundeen has written an
essay on the prospects for gold
confiscation. You can find it at Gold-


CHRIS POWELL, Secretary/Treasurer

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