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Section:

11:15p EDT Tuesday, October 10, 2000

Dear Friend of GATA and Gold:

Members of GATA and www.LeMetropoleCafe.com in Germany
report that the television network that broadcasts
financial news there, NTV, interviewed in prime time
tonight a financial analyst who seems to have laid
out GATA's case for gold and explained the manipulation
of the gold market.

Below are the accounts we received. Thanks so much to
them for their quick correspondence.

I have to believe that GATA and its Gold Derivatives
Banking Crisis report have had something to do with
this, as I believe they figured in the recent articles
in the Frankfurter Allgemeine.

We're making progress. Some very big people and
institutions ARE watching what we're doing and ARE
acting on it. So let's keep at it and follow Churchill's
rule: Never despair.

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

* * *

You will be delighted by the following very much.

Today there was a five-minute interview with Martin
Siegel on German television (NTV -- it's the German
version of CNBC) at prime time about gold market
manipulation.

All relevant details were mentioned by him in these few
minutes. He explained:

* Huge short positions.

* Investment banks like Deutsche Bank and Goldman
Sachs, as well as several central banks, that are
involved via leasing, selling, and pushing down the
price of gold.

* Finally, when central banks have lost all their
gold, gold will move up explosively, probably
earlier, because of changes like the Washington
Agreement.

This should change a lot in German investment
behavior!

Ralph Kutza

* * *

Germany's NTV channel ran an interview with Martin
Siegel tonight right after the NYSE closing bell
report. NTV is the German version of CNBC. The
interview was broadcast at around 10:30 p.m. CET --
prime time, considering the attention still given to
the American stock markets by German investors. The
interview was titled "Gold -- A Manipulated Market?"

Mr. Siegel did a magnificent job in getting two points
across:

A: Gold is not dead but is a valid investment and this
year, for investors in the euro currency zone, has been
more profitable than investments like NASDAQ stocks.

B: Gold is manipulated by a bank pool, and politically
as well. The inevitable collapse of the carry trade
will result in an explosive surge in the price of gold.

Mr. Siegel had only a few minutes and I am still
flabbergasted by how splendidly he outlined the
magnitude and danger of the manipulation in such a
compressed time frame, and that NTV ran such an
interview.

Ralf P. Luig