Daily Dispatches

By BILL MURPHY, Chairman
Gold Anti-Trust Action Committee Inc.
Thursday, December 5, 2002

This morning I received a phone call from a London-based
gold producer CEO. Few come more highly regarded than
this gold pro. I had not spoken to him for many months, so
the call was a pleasant surprise.

He told me he had read the new report by GATA's Reg Howe
and Mike Bolser (quot;Gold Derivatives: Moving toward

11p ET Wednesday, December 4, 2002

Dear Friend of GATA and Gold:

Using data from the Bank for International
Settlements and brilliant charting by GATA
consultant Mike Bolser, our friend and hero
Reg Howe has issued a study concluding that
the central bank short position in gold is
far larger than acknowledged or widely
estimated.

While Reg's study is terribly understated and
doesn't draw the angry conclusions some of us

10:27a ET Wednesday, December 4, 2002

Dear Friend of GATA and Gold:

It's hard to read the following Reuters account of the
Morgan Chase insurance fraud trial as anything less
than a confession of deceptive and manipulative
practices on a grand scale. Could such practices be
entirely absent from Morgan Chase's huge gold
derivatives position?

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

By BILL MURPHY, Chairman
Gold Anti-Trust Action Committee Inc.
November 30, 2002

Chris Powell, Reg Howe, the entire GATA ARMY,
and I have worked diligently for four years
to expose a financial scandal. On the eve of
the Thanksgiving weekend, GATA received a
press release concerning a French investment
group that had taken issue with the Bank For
International Settlements for their lowball