Daily Dispatches

Central bankers told that they shouldn''t talk publicly about rigging markets


7:28p ET Thursday, November 25, 2004

Dear Friend of GATA and Gold:

Pimco's Internet site seems to have gone out of
service this afternoon not long after you received
the GATA dispatch about the essay by Pimco
Managing Director Paul McCulley. We'll all
watch for the site's restoration.

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


Euro Jumps to $1.32, Bonds Rally, Gold Surges


"Conspiracies rarely exist."

-- Dennis Gartman
in The Gartman Letter,
September 14, 2004

* * *

AIG to Pay $126 Million to Settle U.S. Probes

By Jonathan Stempel
Wednesday, November 24, 2004


NEW YORK -- American International Group Inc. on

Bank of England''s chief economist says dollar could fall another 15 percent


By Sharon Labi
Australian Associated Press
in The Age, Melbourne
Friday, November 26, 2004


In an Australian first, men are having tiny grains of
gold inserted into their prostates to help doctors
treat their cancer.

Bond boss admits that the great scheme is to rip off the developing world


Dollar Drops to Record;
UBS, JPMorgan, Merrill Lower Forecasts

By Rodrigo Davies and John Brinsley
Bloomberg News Service
Thursday, November 25, 2004


The dollar fell to $1.32 per euro for the first time and
dropped to a 4 1/2-year low against the yen as UBS

S. African finance minister warns textile workers against stronger rand, China


By Rhona O'Connell
Thursday, November 25, 204

LONDON -- The pressure is on for physical gold.
Demand is growing and production is falling. That
is according to the latest gold supply and demand
trends published by the World Gold Council
covering the third quarter released this morning
and which show a contraction in supply against
growth in demand. ...


Pimco Internet site goes out of service


Dollar Sinks to New Lows

By Darryl Thomson
Financial Times, London
Thursday, November 25, 2004


The dollar fell to an all-time low against the euro
for the third successive day and a nine-year nadir
versus the Swiss franc in thinner than usual trade

The World Gold Council''s next opportunity for jewelry promotion


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,

Everyone expects intervention or a bounce for the dollar but it''s not happening


Covert Intervention by European Central Bank Expected

By Raj Rajendran
Thursday, November 25, 2004


LONDON -- The euro hit a record high of $1.32 on
Thursday on a growing view Washington is happy

Growth in demand for gold outstrips production


12:03p ET Thursday, November 25, 2004

Dear Friend of GATA and Gold:

Be grateful for the Bloomberg story appended here
about a new essay by Paul McCulley, managing
director of Pacific Investment Management Co., the
big bond house, but the story doesn't tell the half
of it.

For McCulley, who sits at the pinnacle of the world
financial establishment, has just acknowledged most
of what GATA Chairman "Wild Bill" Murphy has been

China economic meeting this weekend prompts speculation on currency revaluation


Finance Minister Predicts
Strong Rand Against Dollar

Mail & Guardian, Johannesburg
Thursday, November 25, 2004


South African Finance Minister Trevor Manuel told
textile workers on Thursday that foreign-exchange
matters were critical to understanding the future

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