Ruling against BIS vindicates Reg Howe and GATA

10:17p ET Saturday, November 30, 2002

Dear Friend of GATA and Gold:

Congratulations and thanks to GATA's friend
Marshall Auerback for his latest commentary
at David Tice's PrudentBear.com site,
quot;Helicopter Money, or the Road to Weimar?quot;

With long quotations, Auerback has documented
how Fed Chairman Alan Greenspan and Fed
Governor Ben. S. Bernanke have been discussing
openly how the Federal Reserve might
manipulate not only the U.S. Treasury bond
market but also the markets for everything else
through increasingly direct intervention.

Some people say GATA is nuts for its so-called
quot;conspiracy theoryquot; of the gold market, but as
Auerback shows, the Fed has not only compiled
detailed plans of comprehensive manipulation
of markets but also is raising them in public to
prepare the world for the more open interventions
to come.

Auerback's essay is brilliant commentary but,
more than that, it is NEWS for those with eyes
to read it -- the biggest economic news around.

You can find it here:

www.prudentbear.com/internationalperspective.asp

CHRIS POWELL, Secretary/Treasurer