Homestake CEO comments on low price

Section:

8:25p EDT Thursday, October 5, 2000

Dear Friend of GATA and Gold:

Daan Joubert has replied to Jim Sinclair's
essay on gold hedging at www.moneywebusa.com.
You can find Joubert's essay at:

http://www.mips1.net/musacommod.nsf/Current/8525694F0063C6DC8525696F00
59791B

CHRIS POWELL, Secretary/Treasurer