A few years ago GATA was nuts; now we''re almost conventional wisdom

Section:

11:08p ET Sunday, November 10, 2002

Dear Friend of GATA and Gold:

James Sinclair, the renowned gold market
expert and chairman of Tan Range Exploration,
had generous praise for GATA at the New
Orleans Investment Conference, where GATA
Chairman Bill Murphy was a featured speaker
and discussion panel member.

Just before leaving the conference today,
Sinclair provided us with the commentary
below for distribution to you. He forecasts
big and imminent changes in the gold market
and offers a compelling explanation for
them.

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

* * *

Is Strategy of Asian and Islamic
Gold Buying Taking Final Form?

By James Sinclair

The key factor in China is not the initiation
of a gold exchange. That alone would not be
anything much unless two other events also had
occurred. The real news is the that the Chinese
regime is finalizing what in their terms is a
turn to the right.

Compare this new environment to Tianamen
Square so that you will comprehend it in
terms of motion and trend. The Chinese have
adjusted their legal code, removing state
assets from a privileged position above
private assets in legal protection. That
translates into the right of private
property.

The second event, as silly as it sounds, was
the criminal charge against a famous Chinese
actress for failure to pay taxes. Until now
no one of Chinese citizenship or domicile has
paid taxes. Taxes are part of the Chinese
legal code but traditionally Chinese citizens
have not paid much attention to them.

Like any celebrity criminal case, this is
simply a message sent to the populace for the
most significant impact.

These two events plus the legalization of
investment in gold and storage facilities
in China make for a major event. It is major
because China has a history of currency
collapse and the cultural memory of the
Chinese people is infinite.

We now have in gold:

1. The five elements of a gold bull market.

2. The wild card of the Islamic gold dinar.

3. The longshot of the resuscitation of the
gold cover clause should the U.S. dollar drop
below 90 on the USDX.

In addition to these factors, we now have:

4. A gold-backed if not convertible Chinese
currency or measure for inter-Asian trade as
part of a long-term plan of economic
ascendancy.

The gold dinar might simply be a test with
quiet Chinese support.

Therefore China's opening of trading in gold
is much more than another exchange. It is
another stitch in the cloth of what this gold
market is really all about. It is a move
toward the remonetization of gold by Asian
and Islamic interests.

Now do we know the plan of Dr. No and Hung
Fat?

I never believed that they were buying gold
just for economic reasons. Since 1995 they
have been buying all the gold sold by the
gold producers, the gold cartel, the central
banks, and discouraged gold investors. Is
their plan for huge profit now showing
itself? Has their almost inexhaustible source
of funds also been Chinese?

Time will tell, but my sources will know. I
may have to take a trip to Asia soon. Stand
by, because when I am sure of what is
happening, you will also know, assuming that
the price of telling you is not too steep.

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

James Sinclair is chairman of Tan Range
Exploration, whose Internet site is
www.TanRange.com.

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

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

Free sites:

http://www.theminingweb.com/

http://www.gold-eagle.com/

http://www.kitco.com/

http://www.usagold.com/

http://www.GoldSeek.com/

http://www.goldenbar.com/

http://www.silver-investor.com

http://www.thebulliondesk.com/

http://www.sharelynx.net

http://www.mininglife.com/

http://www.financialsense.com

http://www.goldensextant.com

Subscription site:

http://www.lemetropolecafe.com/

Eagle Ranch discussion site:

http://os2eagle.net/checksum.htm

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

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 Parkway
Minneapolis, Minnesota 55425
http://www.gloomdoom.com
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 Frankl Ltd.
3601 Park Center Building
Suite 120
St. Louis Park, Minn. 55416
1-800-822-8080 / 952-929-1129
fax: 952-925-0143
www.milesfranklin.com
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
http://www.buycoin.com
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:

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

By GoldMoney.com:

http://www.GoldMoney.com
Gold Anti-Trust Action Committee Inc.
Holding: 50-08-58-L

By Crowne-Gold:

http://www.Crowne-Gold.com
Holding: GATAComm@aol.com

By E-Gold:

http://www.e-gold.com
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 "GATA."

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.