Daily Dispatches

5:48p CT Sunday, November 14, 2004

Dear Friend of GATA and Gold:

GATA's fund-raising lunch at the conclusion of the
New Orleans Investment Conference today was a
success. At least we seem to have covered our costs
while meeting many old and new friends and spreading
the word of the manipulation of the gold market.

GATA is especially grateful to Brien Lundin of
Jefferson Direct Inc. and editor of Gold Newsletter

European Finance Ministers Blame U.S.
for Troublesome Foreign Exchange Swings

By Swaha Pattanaik and Paul Carrel
Reuters
Monday, November 15, 2004

http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6820501

BRUSSELS -- Rattled by sharp currency swings that
have driven their currency to record highs against the

From Itar-Tass News Agency
Monday, November 8, 2004

http://www.itar-tass.com/eng/level2.html?NewsID=1432579&PageNum=14

HONG KONG -- By selling U.S. dollars, securities, and
assets denominated in the U.S. currency, Russia is
diversifying its currency reserves, which is in line
with the policy pursued by the Central Bank of Russia,

5:12p CT Sunday, November 14, 2004

Dear Friend of GATA and Gold:

News reports over the weekend, two of which are appended
here, suggest great stress in the currency markets, the
likelihood of intervention, and possibly even competitive
devaluations. If it comes to that, there may not be much
for the currencies to devalue against except gold and oil.

Please forgive the length of these reports but they may