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To: Alex who wrote (40307)	9/15/1999 6:30:00 AM
From: long-gone	Respond to of 116756

DIG IT!!!!!!Yea!!!!! PROOF!!!!! Manipulation of gold price on the short side!!!! There were two of the BASTARDS! Let's check my math skills here, 1 crook +1 crook = CONSPIRACY <<Sep. 14-MAR-- [B] CFTC ties Armstrong fraud to precious metals, crude, yen --CFTC will not specify Armstrong's commodities, currency loss By Heather MacGregor and Melanie Lovatt, Bridge News New York--Sep 14--The Commodity Futures Trading Commission said financier Martin Armstrong, who is accused of defrauding Japanese investors out of about $1 billion, had a variety of futures positions including yen, crude oil and precious metals. However Daniel Nathan, deputy director of the CFTC's division of enforcement, declined to quantify those positions or losses. * * * He said that there could be losses in other sectors, although so far yen, crude oil and precious metals are the only areas the CFTC has chosen to identify. While market players have speculated that Armstrong and his companies, Princeton Economics International and its subsidiary Princeton Global Management, had maintained large positions in gold and silver, Nathan would not provide any specifics on Armstrong's precious metals trading activities. Rumors started to circulate today in the precious metals trading community that that Armstrong has been liquidating short positions in both gold and silver futures. However, the freezing of the accounts would prevent any activity from taking place, noted Nathan. On Monday, the court appointed a temporary receiver with the power to take possession of assets, property and records of PEI and PGM (story 18733). The CFTC, the Securities and Exchange Commission, and federal authorities all filed fraud complaints Monday against Armstrong. Armstrong is accused of defrauding Japanese corporate investors out of possibly $1 billion by falsely inducing them to purchase about $3 billion in fixed-term promissory notes offered by Princeton Economics International and its subsidiaries. Armstrong allegedly illegally operated commodity futures trading pools at losses which he concealed from investors.

To: Alex who wrote (40307)	9/15/1999 9:19:00 AM
From: goldsnow	Read Replies (1) \| Respond to of 116756

Fears of capital flight The fall in the dollar is being driven by fears that foreign investors will withdraw money from the over-valued US stock market and put it into foreign securities, especially in Japan, where the Nikkei index enjoyed strong growth this year. Japanese investors, who have funded much of the US trade deficit by buying US government bonds, are believed to be repatriating substantial amounts of capital. "Foreign investors are asking themselves why they should keep funding the US to consume itself silly," said Tony Northfield of ABN Amro Bank. The falling dollar could itself precipitate a sharp drop in the US stock market, which has been boosted in the past year by a massive influx of foreign funds and the strong dollar. news.bbc.co.uk.