Audio of GATA''s Feb. 12 conference in Washington is posted at GATA site

1:42p ET Sunday, February 24, 2002

Dear Friend of GATA and Gold:

An important new essay by research analyst Thomas
Q. Nichols, quot;The Short Sellers' Nightmare,quot; has
been posted at the GATA Internet site here:

a href=http://www.gata.org/shorts.htmlhttp://www.gata.org/shorts.html/a

Nichols shows how the scheme against gold is part
of a scheme against commodities and the productive
economy of the United States generally. Here's an
excerpt:

quot;The gold cartel is artificially holding down the price of
gold and inflating the currency at the same time. The
inflation has not shown up (yet) because we export it,
by purchasing cheap foreign manufactured goods and
sending our dollars overseas. Those goods compete
with domestically manufactured and produced goods,
forcing American manufacturers to lower their prices
until bankruptcy. This manufactured appearance of
low inflation rates and stability invite foreign currency
flows (our dollars returning home) into our bond and
stock markets, and while public attention is focused
on the Wall Street circus, the nation is being looted.
There is a head of steam building behind the price of
gold valued in U.S. dollars because these manipulators
have distorted economies and monetary systems on
such a clandestine scale. Worldwide, these globalistic
policies have uprooted social and political
establishments, and their pleas for help fall on deaf
ears, or worse, they are given more of the same poison.
While we watch from afar as Argentina introduces a
new currency, our thoughts should turn to our $30 trillion
in debts and ask ourselves: How far away from a new
currency are WE? The gold cartel has their sights set
much higher than simply the gold and silver markets.quot;

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