Russia isn''t selling any gold after all

Section:

11:12p ET Thursday, May 24, 2001

Dear Friend of GATA and Gold:

Frank Veneroso's report to the GATA African Gold Summit
in Durban, South Africa, has been posted at:

http://www.gata.org/latest.html

This document -- titled "Facts, Evidence, and Logical
Inference -- A Presentation On Gold Supply/Demand,
Gold Derivatives, and Gold Loans" -- is one of the two
most important documents in the history of the gold
industry, Reg Howe's lawsuit in U.S. District Court in
Boston being the other.

Frank's is the report that the Gold Cartel does not want
gold producers, the gold-producing countries, and the
investment community to know about.

If you have a color printer, I hope that you will present
it to the investment community and to gold producers
outside Africa. GATA will take care of Africa and all
those we contacted for the summit. That includes all the
mining ministries of sub-Saharan Africa.

If you want to make a killing in the markets, read this
report carefully. Do your homework. This report lays out
logically and clearly why the price of gold is going to
explode. Now that GATA is exposing the Gold Cartel
all over the world and some very strong hands have come
into the arena to take the cabal on, the big move is under
way.

The price action and the surge in lease rates tell us
so. A syndicate of gold buyers knows that Frank and
GATA are right. That is why they are taking on the
powerful bullion banks. That battle of the titans is on.

We are going to win this one. GATA now is getting
press about the manipulation of the gold price. The
stories about Reg's lawsuit going into the discovery
phase are spreading.

So help GATA and help yourself by getting this report
to the big-money crowd. The price of gold is going well
north of $600 per ounce. Who does not want to be
along for that kind of ride?

BILL MURPHY, Chairman