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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (9351)	11/6/2001 12:28:38 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Judge To Review Claims In Gold Market Suit By FRANK BYRT Dow Jones Newswires November 6, 2001 BOSTON -- A federal judge said Monday he will take under advisement claims brought in a civil suit that alleges U.S. banking officials, the Bank for International Settlements, and five large investment banks have conspired to keep gold prices low for their own benefit. Reginald Howe, a Belmont, Mass., attorney who brought the suit, and is representing himself in the case, claims that his investments in the Bank for International Settlements and in Freeport-McMoran Copper & Gold Inc. soured due to price fixing and other "manipulative activities in the gold market from 1994 to the present time orchestrated by government officials acting outside the scope of their legal or constitutional authority and certain large bullion banks" that participate in the over-the-counter gold derivatives markets and on the Commodities Exchange (COMEX), in New York. He filed the suit about two years ago. Howe says he receives "financial and informational" support in pursuing his claims from the Gold Anti-Trust Action Committee Inc., a Texas-based "civil rights and educational organization" that was formed "to expose manipulation of the gold market by certain bullion banks." Howe said he serves as a consultant to that group and also runs a Web site that provides information about gold markets and investing. U.S. District Court Judge Reginald Lindsay clarified several issues and dismissed a minor claim in a three-hour hearing Monday, where the defendants presented motions to dismiss the lawsuit. The judge is now expected to decide whether there is enough evidence presented by Howe for the case to go forward to the discovery phase, where Howe could force the defendants to produce evidence and give testimony prior to a trial. The judge didn't indicate when he would make a ruling on the matter. George Henderson, an attorney representing the Department of the Treasury, said Howe was using the suit to present his conspiratorial theories without any concrete facts and that he has failed to present any of his constitutional claims properly. For example, he said the Treasury, which Howe named in his suit, is not involved in a transactions involving gold or gold derivatives and is not subject to the antitrust claims Howe made under the Sherman Act. It can also claim the sovereign immunity defense, and thus avoid Howe's damage claims. Among those named as defendants in Howe's suit are: the Bank for International Settlements, an international banking organization, Federal Reserve Chairman Alan Greenspan, William McDonough, president of the Federal Reserve Bank of New York, and Lawrence Summers, former secretary of the treasury. Bullion banks are banks that make a market in gold and gold derivatives. The ones named in Howe's suit are: Citigroup Inc. (C), Goldman Sachs Group Inc.(GS), Deutsche Bank AG (DB), and J.P. Morgan Chase & Co. (JPM). ******************** Best Regards, J.T.

To: J.T. who wrote (9351)	11/6/2001 3:21:13 PM
From: J.T.	Respond to of 19219

Rydex. Switch 100% from XAU Precious Metals to Short NDX Arktos at tonights close. Best Regards, J.T.

To: J.T. who wrote (9351)	11/7/2001 12:50:41 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Tuesday, November 6th 2001: Regular Series: SPX Long - NOVA 277.4 MillionBULLISH SPX Short- URSA 247.7 MillionBULLISH NDX Long - OTC 968.3 MillionBEARISH Highest Close since Aug 28 NDX Short- ARKTOS 78.4 Million XAU Precious Metals 29.6 MillionBULLISH Energy 30.0 Million Banking 32.9 MillionBULLISH Biotech 375.7 MillionBEARISH Money Market 1.162 BILLIONBEARISH *************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 155.1 MillionBEARISH Highest close since Feb 1 SPX Short- TEMPEST 132.7 MillionBULLISH NDX Long - VELOCITY 222.6 MillionBEARISH Highest close since May 24 NDX Short- VENTURE 105.1 MillionBULLISH ******************************************* The pullback begins tomorrow. Fund Symbol Bought Price Sold Price Loss % Loss PMetals RYPMX 11/02 21.36 11/06 20.98 - 0.38 - 1.8% Regular Series: 100% NDX Short Arktos Dynamic Series: 100% NDX Short VENTURE Best Regards, J.T.