World Gold Council bullion fund clears legal hurdle; launch said imminent

Section:

1:16a ET Friday, September 5, 2003

Dear Friend of GATA and Gold:

Important reading at MineWeb tonight, to be found
on its home page:

http://www.mineweb.com/

* Tim Wood reviews the World Bank's record of gold
price predictions and concludes that gold bugs
probably don't have to worry much about the bank's
latest: that the gold price will tumble back below
$300. Wood's commentary is headlined: "The World
Bank's Latest Incompetent Gold Dirge."

* Wood also reports that Smith Barney, unlike the
World Bank, expects gold to do well, along with
copper. This one is headlined: "Smith Barney
Unpacks an Unusual Metal Rally."

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

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