Daily Dispatches

8:48p ET Tuesday, November 23, 2004

Dear Friend of GATA and Gold:

The Financial Times story appended here about
the Russian central bank's talk of diversifying
its foreign exchange reserves out of the U.S.
dollar should hearten gold bugs against the
frequent musings that the investment world
couldn't be shorter on the dollar now and so a
dollar rally is inevitable.

The dollar indeed may rally, but almost certainly

By Grace Nirang
Bloomberg News Service
in the Sydney Morning Herald
Thursday, November 25, 2004

http://www.smh.com.au/news/Business/OPEC-will-stick-with-dollar-
president-says/2004/11/24/1101219616410.html

The Organisation of Petroleum Exporting Countries
would not adopt the euro to replace the US dollar as
the currency for oil sales, the body's president,

By Susan Gallagher
The Associated Press
Monday, November 22, 2004

GREAT FALLS, Mont. -- When Genesio Morlacci left
$2.3 million to a small college here, many people were
astonished at the wealth amassed by a man who
operated a dry-cleaning shop and later worked as a
part-time janitor in retirement. But to those who knew
Morlacci well, his bequest came as no surprise.

"He was a fellow who felt that if you didn't need it,

On State Street: Economic 'Armageddon' predicted

By Brett Arends
Boston Herald
Tuesday, November 23, 2004

http://business.bostonherald.com/businessNews/view.bg?articleid=55356

Stephen Roach, the chief economist at investment
banking giant Morgan Stanley, has a public reputation
for being bearish.

But you should hear what he's saying in private.