The SHAKA-ZULU Strategy

Dear GATA Egroup Members,

The following media statement by GATA Chairman Bill Murphy was sent out
on Monday, February 8, and has been widely circulated. Please spread the
message and encourage your own media contacts to act on it.

G O G A T A!
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GOLD ANTI-TRUST ACTION COMMITTEE TAKES DONATIONS,
PREPARES LAWSUIT AND "SHAREHOLDER REVOLT"

Contact: Bill Murphy, GATA Chairman
603-433-9389

RYE, NEW HAMPSHIRE, U.S.A.

The Gold Anti-Trust Action Committee has formally incorporated itself in
Delaware and has begun negotiating with law firms interested in
undertaking its lawsuit against the Wall Street investment houses it
accuses of illegal collusion to control the price and supply of gold,
other commodities, and certain related financial securities.

To finance its lawsuit, the committee also has begun to accept
contributions from gold-mining companies, their shareholders, and people
who want to defend gold's traditional monetary function.

The announcements were made here today by GATA Committee Chairman Bill
Murphy.

Murphy, a financial commentator based in Rye who operates an
international financial web site, www.lemetropolecafe.com, said response
to the committee's formation has been "overwhelming."

"The committee is only 2 weeks old,' Murphy said, "but we already have
received substantial pledges from mining companies and individuals alike
and are certain to retain a law firm. So we are notifying people who
have made pledges that we are prepared to accept their contributions
now."

Murphy, recently interviewed on CNBC, said contributions should be
mailed to Gold Anti-Trust Action Committee Inc., in care of John D.
Meyer, Treasurer, Box 885, Great Barrington, Mass. 01230.

"We believe that our cause is a noble one -- the creation of a free and
transparent market in gold -- and that all who assist it will be
rewarded in some way if price fixing is defeated," Murphy continued. "If
they work in the gold-mining industry or own gold shares or physical
metal, they may be rewarded tangibly. And even if they have no special
connection to gold, they will be rewarded by the restoration of the
crucial restraint gold always has applied against irresponsible currency
policies throughout the world.

"We believe that transparency in the gold market can be increased by
publicizing the dangerous growth in speculative short positions taken by
the Wall Street investment houses with borrowed or 'leased' gold. We
believe that this speculative short position now exceeds 3,000 tons,
about 500 tons more than the yearly gold mine production of 2,529 tons.
We believe that the investment houses are colluding to suppress the
price of gold because their speculative short postions cannot be closed
without causing a gold-buying panic.

"We are also going to call the gold-mining industry to task and urge a
'shareholder revolt' against the senior companies that are excessively
hedged and themselves helping to suppress the price of gold. Some of
these mining companies have unrealized profits of hundreds of millions
of dollars in positions that could be closed by buying back their
forward gold sales. Those profits could be distributed to shareholders
or used to acquire more gold resources.

"We will ask investors to own only the shares of gold producers that
have modest hedge positions or no forward sales at all. We will urge
investors to sell their shares in the producers that are helping to
devastate the gold industry.

"As the collusive shorts are exposed, they will be forced to cover, the
price of gold will rise, and mining shareholders will be rewarded for
buying the shares of unhedged and less-hedged companies."

Murphy also announced that the GATA committee is developing an internet
site to publicize excessive hedging by gold producers. "We want gold
fund managers as well as shareholders to know about excessive hedging,"
Murphy said.

"Now that we are negotiating with law firms to bring a lawsuit against
collusion to suppress the price of gold, no contribution to the GATA
committee is too large or too small," Murphy said. "All contributors
will receive a written acknowledgement and be placed on the committee's
mailing or emailing lists, as they prefer, and be sent progress reports
about the committee's work.

"As collateral we can offer only our sincerity and the rightness of our
cause. But we believe that this is still America and that one man with
the law is a majority. If we can continue to mobilize the gold
community, we can change the world.'

-END-

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