We''re really winning, so don''t be so disappointed by one bad day


7:28a ET Thursday, August 21, 2003

Dear Friend of GATA and Gold:

MineWeb's Tim Wood has some great reporting this
morning about how Goldman Sachs tried to destroy
Newmont's Yandal mine in Australia but was
prevented by Newmont's reoganization scheme,
which was nevertheless very generous to creditors,
including Goldman Sachs itself. And now, MineWeb
says, Newmont seems about to prevail in the
Australian reorganization proceedings. Perhaps the
lesson is that the New York bullion banks CAN be
beaten after all.

You can find the MineWeb story here:


Or use this abbreviated link:


Or just go to the MineWeb home page, where the
story is at the top right at this hour:


CHRIS POWELL, Secretary/Treasurer