Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (83035)	3/8/2002 7:50:09 AM
From: E. Charters	Read Replies (2) \| Respond to of 116820

According to Shannon it was not chaotic. He knew about Hamiltonian dynamics too. He made a killing on the market in the fifties playing it for about 6 months. It was by an information theory analysis. His 'killing' is the most famous market pass in history, because as you know Claude Shannon was the father of information theory that led to the development of faster and more reliable phone exchanges and the ultra fast digital computer and modem. His work on the market was done by the numbers and it came out right. So if he could do it the market must yield, for some analysers, to deconstruction. There is something to it. Market flux is driven by co-operative trading between individuals. Animal co-operation cycles can be analysed psychologically. A friend of mine did his psyche thesis on the market saying it was a classic reward punishment scheduling environment. He made big passes on bank stock in 1981 and proved his theory. If this is true together then, governing dynamics of game theory and information theory should be able to assess the market cycles. If you look at the Swiss gold price cycles in francs, you will see some classical electrical waves occuring regularly. I know what these waves are. The are combinations of negative square waves, sines and saw tooth. They are all about 4 months long and worth about 30 francs. They do not appear in any other gold price waves of any other currencies. What I think this means is that the Swiss price has some fundamental swinging it on a regular basis like a Swiss time piece. This can only be the result of organized, methodical trading of semi-competing financial interests in instruments in gold, with an eye to control price swings. EC<:-}

To: maceng2 who wrote (83035)	3/8/2002 8:09:58 AM
From: long-gone	Respond to of 116820

Just have to love this one, when those that insured the derivatives transactions won't pay, can they be expceted to pay tomorrow when the gold derivatives collapse? J.P. Morgan Loses Bid for Quick Ruling in Enron Bond Dispute Tue Mar 5, 1:12 PM ET By: Colleen DeBaise Dow Jones Newswires NEW YORK -- A federal judge denied J.P. Morgan (NYSE: JPM - news) & Co .'s request for an immediate ruling in its dispute with insurers over nearly $1 billion in bonds on Enron Corp. oil and gas contracts. In an 11-page opinion Tuesday, U.S. District Judge Jed S. Rakoff in Manhattan said 11 insurers that J.P. Morgan (JPM) sued in December over payment on the surety bonds have "provided a reasonable justification" for further gathering of evidence in the case. The judge said the parties must submit a plan for discovery (news - web sites), or fact-finding, to the court by Friday and set a Dec. 2 trial date if the suit is "not otherwise disposed of." The insurers recently claimed in court filings that J.P. Morgan may have deliberately camouflaged bank loans to Enron (ENRNQ) as commodity transactions. The bank's actions would have helped Enron disguise debts, the insurers claim. J.P. Morgan has refuted the claims and said at a hearing last week that the insurers have no evidence that the transactions were "riddled with fraud." The insurers made commitments in the form of surety bonds of about $1.1 billion, of which J.P. Morgan Chase's share is about $965 million. The bonds guaranteed that Enron would deliver natural gas and oil to the bank's Mahonia Ltd. energy-trading affiliate. In rejecting J.P. Morgan 's request for summary judgment, Judge Rakoff cited evidence that appears to show that Enron agreed to purchase $394 million in gas from an entity called Stoneville Aegean Ltd. on the same day it agreed to sell the same quantities of gas to Mahonia. The judge said Mahonia and Stoneville seem to be offshore corporations controlled by the same director, Ian James, and the same shareholders. The fact (cont) story.news.yahoo.com