Daily Dispatches

11:32p ET Saturday, May 5, 2001

Dear Friend of GATA and Gold:

Here is the press release GATA has issued in Africa about
next week's GATA African Gold Summit.

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

* * *

May 4, 2001

African Gold Summit (Gold Anti-Trust Action Committee)

Delegates representing mining companies in South Africa
(Harmony, Gold Fields, Durban Roodepoort Deep) as well

12:49p ET Saturday, May 5, 2001

Dear Friend of GATA and Gold:

There's a fine essay at Gold-Eagle by Steve Saville, writing
from Hong Kong, that concludes with a point GATA has been
making for a couple of years now, and so I can't resist
thrusting it on you:

quot;The gold mining industry needs to wake up and
realise that its product is money, not an industrial
commodity. The more the miners and the World

By Sean Corrigan
www.capitalinsight.co.uk
May 3, 2001

The German press carries stories about the sharp
erosion in PC and hand-held phone demand. Taiwan's chip
fabs issue a dark outlook. Another US Telco heads for
Chapter 11 with $2.68 billion in debts. Businesses in
Singapore revise down their outlook and the woes of
their counterparts in Malaysia were partly responsible
for a sharp fall in that country's exports. Networker

Where there's gold, there's fire:
Just above multi-year low,
is it ready for bounce?

By Thom Calandra
FT MarketWatch.com
May 2, 2001

LONDON (FTMW) -- Some professional investors are
questioning the traditional belief that gold -- and gold
mining shares -- can rise only as the U.S. dollar
declines or as inflation accelerates.

John Hathaway, who manages the $20 million Tocqueville
Gold Fund from New York City, says quot;a protracted bear