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To: maceng2 who wrote (509)	1/7/2004 11:55:33 AM
From: maceng2	Read Replies (1) \| Respond to of 1417

As of today I am at my minimum point regarding the miners. 75%. Sounds a bit large but I expect to be wrong most of the time and besides.... what?? keep USD's? Wake me up when one of the colored lines crosses the candles. stockcharts.com

To: maceng2 who wrote (509)	1/9/2004 3:19:15 PM
From: maceng2	Read Replies (1) \| Respond to of 1417

Bank of America offices in Milan raided By Andrew Parker in London and Haig Simonian and Fred Kapner in Milan and FT Reporters Published: January 8 2004 18:30 \| Last Updated: January 9 2004 10:45 news.ft.com Investigators raided Bank of America's offices in Milan on Friday morning in a further extension of their probe into Parmalat after two partners of accounting firm Deloitte were formally placed under investigation. Deloitte, the bankrupt dairy group's chief auditor and one of the big four global accounting firms, denies any wrongdoing but will be alarmed at the possible damage to its reputation after Adolfo Mamoli and Giuseppe Rovelli were formally placed under investigation on Thursday by Italian magistrates. The crisis at Parmalat began after the Italian dairy group claimed a subsidiary had €3.95bn ($5bn) in a BofA account but the bank said last month that no such account existed. Investigating magistrates also extended their net on Thursday to include Luca Sala, a former Bank of America official who resigned last summer to become a consultant to Parmalat. Underlining the reputational threat posed by Parmalat, Grant Thornton on Thursday night expelled its Italian business from its global network. The unit had audited up to 49% of Parmalat's assets. Grant Thornton, a medium-sized firm, is desperate to limit the fall-out from the Parmalat affair. David McDonnell, head of Grant Thornton International, said it had "lost confidence" in its Italian business, two of whose partners are in jail. "Grant Thornton [Italy] has been unable to provide sufficient assurances or access to the appropriate information and people in an acceptable timeframe," he said. Parmalat's court-appointed administrator formally dropped Deloitte as one of the group's auditors yesterday. Magistrates in Parma also placed under formal investigation Angelo Ugolotti, a Parmalat employee whose duties involved overseeing the group switchboard. Mr Ugolotti appears to have been used as a front man on the board of up to 30 group subsidiaries. The Ansa news agency reported Mr Ugolotti had no knowledge of his additional positions, and said he would now seek back pay. In Luxembourg a magistrate said investigations had been opened into possible money laundering by Parmalat.