Gold market commentary by Louis Paquette; bullion fund opens in Australia

8:06p ET Wednesday, March 26, 2003

Dear Friend of GATA and Gold:

Tonight's recommended reading begins with a short dispatch
from Tan Range CEO James Sinclair and his technical
sidekick, Kenny Adams, as follows, which is also posted at
the Sinclair Internet site.

* * *

Idealized Nadir of Gold Cycle
Approaches in 15 Calendar Days

By Kenny Adams and James Sinclair
a href=http://www.jsmineset.com/s/Home.asphttp://www.jsmineset.com/s/Home.asp/a
March 26, 2003

Yesterday's AM and PM fixings have impacted the internal
figures of gold with sufficient strength to warrant the
establishment of a final bottom in the price now or in the
very near future.

However, the form of the bottom will be a move first into a
sideways chop rather than an immediate hard move upward.

Rather than fearing a sharp fast move into the $321-$325
area, such an occurrence would seal the bottom based on
a very hard internal shift from the Cartel in command to the
Asian/Islamic interest, which is the bull factor in gold.

The time factor is extremely near-term and the figures for
the general equities markets and the gold market support
this hypothesis. This is a unique potential and we will
examine its implications in a future writing.

Conclusion: You are on the threshold of the end of this
gold reaction and the beginning of a new bull phase. Those
of you who have liquidated your gold positions should stand
ready to replace them using the stop-go and overhead
resistance areas already given to you.

* * *

But just as important is the essay at the top of the
Sinclair Internet site at this hour, quot;U.S. in Economic
Crosshairs of Emerging Sino-Russian-Islamic Hegemony,quot;
wherein Sinclair writes:

quot;The United States must remonetize gold as the tool to
prevent gold from opposing the dollar before there is a
confirmed technical top in treasury bonds. There will be
precious little time to defend once the U.S. treasury
market is confirmed technically (today's market religion)
in a bear market and therefore recognized as such within
establishment circles.quot;

You can find that essay here:

a href=http://www.jsmineset.com/s/Home.asphttp://www.jsmineset.com/s/Home.asp/a

Also tonight....

MineWeb has an important and wide-ranging interview
with AngloGold CEO Bobby Godsell, who remarks,
among other things, that excessive hedging has harmed
the gold price. You can find the Godsell interview
here:

a href=http://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B242256CF50068DEht...
0A?OpenDocument

Or try this abbreviated link:

a href=http://ls.shapebyforce.com/sbf/154http://ls.shapebyforce.com/sbf/154/a

And then there's an essay by Nelson Hultberg at Gold-Eagle,
quot;Cornered Rats and the PPT,quot; which is here:

a href=http://www.gold-eagle.com/editorials_03/hultberg032603.htmlhttp://www.go...

Or try this abbreviated link:

a href=http://ls.shapebyforce.com/sbf/155http://ls.shapebyforce.com/sbf/155/a

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

----------------------------------------------------

To subscribe to GATA's dispatches, send an e-mail to:

gata-subscribe@yahoogroups.com

To unsubscribe, send an e-mail to:

gata-unsubscribe@yahoogroups.com

----------------------------------------------------

RECOMMENDED INTERNET SITES
FOR DAILY MONITORING OF GOLD
AND PRECIOUS METALS
NEWS AND ANALYSIS

Free sites:

a href=http://www.jsmineset.comhttp://www.jsmineset.com/a

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

a href=http://www.gold-eagle.com/http://www.gold-eagle.com//a

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

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

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

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

a href=http://www.silver-investor.comhttp://www.silver-investor.com/a

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

a href=http://www.sharelynx.nethttp://www.sharelynx.net/a

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

a href=http://www.financialsense.comhttp://www.financialsense.com/a

a href=http://www.goldensextant.comhttp://www.goldensextant.com/a

a href=http://www.goldismoney.info/index.htmlhttp://www.goldismoney.info/index....

a href=http://www.depression2.tvhttp://www.depression2.tv/a

www.minersmanual.com/minernews.html

Subscription site:

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

Eagle Ranch discussion site:

a href=http://os2eagle.net/checksum.htmhttp://os2eagle.net/checksum.htm/a

----------------------------------------------------

COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS

Centennial Precious Metals
3033 East 1st Ave.
Suite 403
Denver, Colorado 80206
www.USAGold.com
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com

Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net

Investment Rarities Inc.
7850 Metro Parkwa
Minneapolis, Minnesota 55425
a href=http://www.gloomdoom.comhttp://www.gloomdoom.com/a
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com

Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
www.certifiedcoins.com
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com

Miles Franklin Ltd.
3015 Ottawa Ave. South
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
a href=http://www.milesfranklin.comhttp://www.milesfranklin.com/a
Contacts: David Schectman,
Andy Schectman, and Bob Sichel

Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com

Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
a href=http://www.buycoin.comhttp://www.buycoin.com/a
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
figoldstein@buycoin.com

----------------------------------------------------

HOW TO HELP GATA

If you benefit from GATA's dispatches, please
consider making a financial contribution to
GATA. We welcome contributions as follows.

By check:

Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, CT 06043-7541
USA

By credit card (MasterCard, Visa, and
Discover) over the Internet:

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

By GoldMoney:

a href=http://www.GoldMoney.comhttp://www.GoldMoney.com/a
Gold Anti-Trust Action Committee Inc.
Holding number 50-08-58-L

By Crowne-Gold:

a href=http://www.Crowne-Gold.comhttp://www.Crowne-Gold.com/a
Holding: GATAComm@aol.com

By E-Gold:

a href=http://www.e-gold.comhttp://www.e-gold.com/a
Gold Anti-Trust Action Committee Inc.
Account number 110915

Donors of $750 or more will, upon request,
be sent a print of Alain Despert's colorful
painting symbolizing our cause, titled quot;GATA.quot;

GATA is a civil rights and educational
organization under the U.S. Internal Revenue
Code and contributions to it are tax-deductible
in the United States.