11:11p ET Monday, November 4, 2002

Dear Friend of GATA and Gold:

In a new essay, GATA consultant Andrew Hepburn
has compiled and examined the evidence of U.S.
government intervention against the gold price,
accomplished through the U.S. Treasury
Department's Exchange Stabilization Fund and
the Federal Reserve. This essay is what well
might be called a quot;state paperquot; for the gold
cause. You can find it here, complete with
charts:

a href=http://www.gata.org/On%20The%20Record.htmlhttp://www.gata.org/On%20The%2... [1]

CHRIS POWELL, Secretary/Treasurer