Leading Arabic newspaper features interview with GATA Chairman Murphy

10p ET Thursday, July 18, 2002

Dear Friend of GATA and Gold:

More great reporting at www.theminingweb.com. Tonight
it's an article by Tim Wood about the conversion to
gold of Morgan Stanley global strategist Barton Biggs.
Here's the first paragraph:

NEW YORK -- More famous for punting
Japan and other exotics, Morgan Stanley
global strategist Barton Biggs is lately
a gold bull, and a convincing one. In a
report circulated on Wednesday, Biggs
wrote: quot;I have never believed in gold,
for all the conventional reasons, but now
I am changing what's left of my mind. I
think there is a plausible case that a
professionally managed portfolio consisting
of the metal itself and gold shares could
realize returns of 15 percent real per
annum in the difficult environment ahead.quot;

You can find the whole story here:

a href=http://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B285256BFA00770Fht...
6E?OpenDocument

Or just go to MiningWeb's home page:

a href=http://www.theminingweb.com/http://www.theminingweb.com//a

The story is headlined: quot;Morgan Stanley 'name' backs
gold.quot;

While Biggs seems to be pirating the research of GATA's
heroic consultant, Reg Howe, without giving attribution,
we may be happy that the word is getting out in any
case.

CHRIS POWELL, Secretary/Treasurer