Decision in Blanchard lawsuit posted on Internet; help us spread the word!

Section:

5:52p ET Monday, September 8, 2003

Dear Friend of GATA and Gold:

Blanchard & Co.'s anti-trust lawsuit against Barrick
Gold and J.P. Morgan Chase alleging their
conspiracy to control the gold price can proceed
to trial, a federal judge in New Orleans ruled in
a decision released today.

The judge, Helen G. Berrigan, denied a "summary
judgment" motion by Barrick and Morgan Chase to
dismiss the lawsuit. She found that Blanchard, the
New Orleans-based coin and bullion dealer, had
proven its standing to sue and the appropriateness
of its claims under the Sherman Act.

The judge pointedly rejected Barrick's claim to
be immune from suit as the agent of central banks
in the implementation of their policy on gold.

Welcoming Judge Berrigan's decision, Blanchard
CEO Don Doyle thanked the Gold Anti-Trust Action
Committee and its consultant, Reginald H. Howe,
for their work in bringing the first federal lawsuit
alleging manipulation of the gold price. That lawsuit
was dismissed on technical grounds in U.S. District
Court in Boston in March 2002. Doyle said Blanchard
had learned much from the Howe case and used it to
build its own case.

Barrick and Morgan Chase have 10 days to apply
to Judge Berrigan for permission to appeal her
decision to the 5th Circuit Court of Appeals. If
her dismissal of the Barrick/Morgan Chase "summary
judgment" motion stands, the Blanchard lawsuit
would proceed with Blanchard empowered to compel
Barrick and Morgan Chase to produce evidence and
testimony prior to trial.

GATA considers Blanchard's victory a triumph for
gold producers and investors, the free market, and
a more honest international financial system. The
Blanchard case now promises embarrassing disclosures
about secret collusion between Barrick, Wall Street,
and central banks.

GATA congratulates and is deeply grateful to
Blanchard & Co.

We'll be studying Judge Berrigan's decision
tonight and hope to share more about it with you
soon.

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

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

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WHO HAVE SUPPORTED GATA
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3033 East 1st Ave.
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Michael Kosares, Proprietor
US (800) 869-5115
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Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
figoldstein@buycoin.com

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