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Daily Dispatches

The scent of competitive devaluations is the air in Japan and Europe

Section: Daily Dispatches

7:03p ET Friday, November 26, 2004

Dear Friend of GATA and Gold:

In his nightly market commentary, "Mr. Gold," Jim
Sinclair, calls today the day the dollar died.
Admission to Sinclair's Internet site his free
but you have to register:

http://www.jsmineset.com

Appended here are what seem like two of today's
more important news stories about the currency

Euro Jumps to $1.32, Bonds Rally, Gold Surges

Section: Daily Dispatches

"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
Reuters
Wednesday, November 24, 2004

http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6911964

NEW YORK -- American International Group Inc. on

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

Section: Daily Dispatches

Covert Intervention by European Central Bank Expected

By Raj Rajendran
Reuters
Thursday, November 25, 2004

http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh66519_2004-11-25_13-55-06_l25626607_newsml

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

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

Section: Daily Dispatches

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

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

http://quote.bloomberg.com/apps/news?
pid=10000006&sid=aDP_cn5PBe4Y&refer=home

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

Growth in demand for gold outstrips production

Section: Daily Dispatches

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

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

Section: Daily Dispatches

By Rhona O'Connell
MineWeb.com
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. ...

http://www.mineweb.net/sections/gold_silver/393445.htm

China economic meeting this weekend prompts speculation on currency revaluation

Section: Daily Dispatches

Finance Minister Predicts
Strong Rand Against Dollar

Mail & Guardian, Johannesburg
Thursday, November 25, 2004

http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-Business&ao=126133

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

Pimco Internet site goes out of service

Section: Daily Dispatches

Dollar Sinks to New Lows

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

http://news.ft.com/cms/s/0217d728-3ed2-11d9-8e70-00000e2511c8.html

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

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

Section: Daily Dispatches

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.

----------------------------------------------------

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

Section: 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,

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