Droke argues that hedging doesn''t matter

Section:

10:35p ET Wednesday, March 7, 2001

Dear Friend of GATA and Gold:

There are two important new essays at www.Gold-Eagle.com
about the suppression of the gold price.

The first is by Dimitri Speck:

http://www.gold-eagle.com/editorials_01/speck030801.html

The second is by Edmund J. Bugos, editor of The Goldenbar
Report:

http://www.gold-eagle.com/editorials_01/bugos030801.html

Must reading, as they say.

CHRIS POWELL, Secretary/Treasurer