Daily Dispatches

9:04p ET Thursday, November 25, 2004

Dear Friend of GATA and Gold:

While you may be getting tired of news reports
about dollar exchange rates, all those dispatched
to you in recent days have included comments
by market analysts or government officials that
might have added important perspective. The
Bloomberg story below is notable for quoting
the European Central Bank's chief economist,

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,