Operation Goldcrest begins in Belgium

By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
March 5, 2001

Some of you may be attending the Prospectors and
Developers Convention in Toronto that begins on March
12. If so, I look forward to meeting you.

On Tuesday evening GATA will be hosting a hospitality
suite from 7 p.m. to midnight. Please join us at the Royal
York Hotel, Suite 9175. GATA is very grateful to Canadian
Royalties Ltd., which is sponsoring our opportunity to meet
people attending the convention.

GATA is also organizing the GATA Africa Gold Summit in
Durban, South Africa, around the middle of May. We expect
to attract the mining ministers of the African gold-producing
countries, the leaders of the political parties in South Africa,
gold producer executives and business leaders, and the leaders
of the mining and trade unions, among others.

We already have significant South African support for this
conference.

Not only will an impressive array of speakers elaborate
on the manipulation of the gold market, which has devastated
the economies of poor African gold-producing countries, but
we will offer African countries an ACTION PLAN with which
they can correct the travesty within a few weeks.

Today's response to GATA from Lawrence B. Lindsey,
President Bush's adviser for economic policy, acknowledging
that he appreciated receiving GATA's quot;information you sent
regarding the price of gold,quot; is a signal to us that the Bush
administration is aware of and working on the gold problem.

GATA understands that the new administration may need
time to figure out how to handle the gold nightmare left by
the Clinton administration. The Bush people deserve some
time to figure out the best way to deal with it and how not to
be blamed for something they had nothing to do with.

The bottom line is that the gold price is going to soar, no
matter what solution they think best.

They have to act decisively and put the blame where it belongs.

At the summit, GATA will explain how a facet of the previous
U.S. administration along with a group of bullion banks determined
that their welfare was more important than the lives of millions of
black people and the economies of African countries led by blacks.

We have much more to present to the African mining ministers,
which I will not get into until the summit.

GATA extends special thanks to maverick geologist Keith Barron,
who has planned and executed this GATA undertaking for some
time now.