PERHAPS the way to make money hand over fist is to bet against June US Treasury Bonds and Notes. Use every way you can, including, Chicago Board of Trade (CBT) Put Options, and selling the June Futures contract (CBT or MCE) short. Any international broker or bank in Hongkong will show you how to do it; get as much as 100-1 leverage, making really big profits by jumping on to the bandwagon of the big boys. The package was put together by Mr George Soros of the Quantum Fund, who has been working on it for several weeks. All the participants are people closely associated with Lord Jacob Rothschild, and include Mr Soros, Sir James Goldsmith and several other Rothschild associates. The technical aspect was worked out by Mr Soros. He had noticed, as I and many others had, that the last few US Treasury auctions had not gone well; in fact the last auction could not even be finished. The reasons probably are fears of the high US government deficit, fears that the US economy is not recovering, and some fear of inflation, which is bond's greatest enemy. Also, US President Mr Bill Clinton's Japan-bashing is encouraging Japan not to buy US Treasury Bonds in retaliation. Over the last few weeks, US Treasury Bonds have been bearish. Mr Soros' scheme was to frighten bond buyers into thinking there really is more inflation than people are aware of by causing a short-term yet large rally in gold. When bond holders or buyers learn of gold rising they believe inflation is starting, and interest rates will rise. In a half-page in the April 20 Financial Times , Lord Rees Mogg praised Mr Soros, calling him the most brilliant investor in the world. As a result people started to watch Mr Soros and what he does to make money. Shortly after, Mr Soros and Sir James made their deal with Sir James selling nearly US$500 million in Newmont Gold Mine Stock, Mr Soros stating he planned to hold it because he is now a gold bull, and Sir James stating in turn he is not negative on gold but would use the money to buy gold options. They made sure everyone heard about the deal to start the publicity rolling to drive gold up. It was at that point I became sceptical and saw manipulation. Normally when an insider sells stock in his own company he tries to keep it from being noticed. This was a strange case where the insider was trying to get wide media coverage about his selling. It took me a week of contacting the right people in London, the US, Switzerland and France to find out the true objective. The entire game is shorting the June US Treasury Bond and Note contracts. Meanwhile all of Lord Rothschild's partners have loaded up on Put Options on June Treasuries. The gold ploy was really a red herring to distract attention from the main game. ''Some of the most real heavyweight money men are going light on US bonds,'' reported the Asian Wall Street Journal on May 6. The article stated ''William Gross, who is managing director of Pacific Investment Management Co, sold a half billion dollars worth of long bonds'', adding ''I wish we had sold more and probably will sell more.'' Among other indicators that the bond market has seen its best days are the rising price of gold, weakness in some foreign bond markets and concern that this week's big Treasury auction of new bonds might not go well. Taken together these factors say ''lighten up'', continued the AWSJ. The auction of new bonds will occur on May 12. If the auction goes poorly it will certainly indicate the June bond and notes contracts will fall in price. However, whichever way the auction goes Treasury bonds and notes will fall because of the huge amount of already issued bonds that have been sold and will continue to be sold, making shorting the June contract a winner in Leon on Sunday's view. What will the end results be? There are many possible scenarios. If the failed auction brings Treasuries too low, it may force the Fed to raise interest rates which will choke the stock market and kill any chance of US economic recovery. What will gold do after its use to the manipulators no longer exists? Mr Soros could sell his and take profit. Gold may stabilise because the price was too low, but not have the manipulation helping it. Central banks could sell off their gold at a big profit which could cause a sharp drop in gold prices, and then buy it backat a lower price for reserves. Those who will get hurt are the average investor and the mutual funds who bought it thinking the rise was natural and not a manipulation. You can hold any gold you have. A well respected Swiss banker told me he expects gold to reach US$2,000 per ounce by the end of the decade. Take palladium profit LEON on Sunday suggested you buy palladium futures when it was US$95 per ounce. It is now nearly US$120. If you bought with low margin you have now made a really huge profit. You can take your profit now, or wait. I think it can go higher, but not much. Remember, this has nothing to do with the gold manipulation. This is purely a supply-demandsituation. Platinum futures offer the best opportunity. It is now US$20 higher than when Leon on Sunday first suggested this. It is now so cheap that Rustenberg mines closed one mine and they are filling orders by buying on the open market, as this is cheaper than mining. When the supplier isn't supplying but buying on the market, the supply could soon dry up, forcing the price up dramatically. Buy platinum futures and buy a few Isle of Man Platinum Nobel Coins. I think the price of platinum can double in two years.It is not affected by the gold manipulation. Leon on Sunday suggested silver futures when it was US$360 an ounce. Now it is way above US$420. It will go much higher. Keep buying. This is not affected by the gold manipulation. It is a supply and demand situation. Little Tigers are best THE best stock markets now are the Asian Little Tigers, except Hongkong. Hongkong stocks carry the burden of double-digit inflation and a social political premium. Other outstanding stock markets are the Latin American emerging markets such as Chile, Columbia, Argentina, Venezuela, Mexico, and so on. Stocks are still very low on these emerging markets compared to Hongkong or Britain. The European stock markets, except Britain, give a much better price for equal quality than the US or Hongkong. It now appears that the US markets could wait for a major fall until December. Mr Bob Prechter, the Elliot Wave supremo, predicts that the US Dow Industrial will go to 3500-3700; then there will be the worst and longest bear market in American history. This is a frightening prediction, but Mr Prechter has often made predictions that no one can believe at the time but they come true. The S & P 500 Index Dividend Yield fell in April to 2.7 per cent. Only seven times since 1925 has it fallen below 2.9 per cent. In each case bear markets followed quickly. The shallowest was 21 per cent at the 1965 low. Barrons tells every week of the number of insiders selling stocks, and the current insider-selling is building up to a real crescendo. If that happens the US stock markets are finished for a few years and they may take other markets, such as Hongkong, down with them. The market I believe will really move upward is Tokyo. I hope to double my money here within three years or less. Swiss franc moves up THE best currency now is the Swiss franc. It has topped its January high against the US dollar and it has the base to move higher. It is building up such a strong base that soon it can move up against the European hard-core currencies and probably the yen. The best futures contract is the Swiss franc long and continental European currencies short. The mighty yen has paused to consolidate against the US dollar. It may take several weeks for it to consolidate then it will resume its upward movement. It has lost momentum against European currencies and will have to rest before it can start rising again. The US dollar is headed downward. The shrewd Bundesbank dumped all theirs at 1.67 deutschemarks. They have already made a tidy profit. The US Federal Reserve is monetising debt with a fury which will bring a lower dollar and inflation. The short-term position of the US dollar is that it has now topped out against the South African financial rand. It is barely stready against the hard European currencies. It has lost downward momentum against the Australian dollar, and it has pushed up a bit against the Canadian dollar. Leon Richardson is a well-known financial commentator and investor.