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AW: Martin Armstrong and Princeton Economics International Scandal Builds



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What's this a hoax, another chat room rumor???

Gwenn

| -----Ursprungliche Nachricht-----
| Von:	Larry Muir [SMTP:trdoptions@xxxxxxxxxxx]
| Gesendet am:	Friday, September 10, 1999 6:45 AM
| An:	realtraders@xxxxxxxxxxxx
| Betreff:	Fwd: Martin Armstrong and Princeton Economics International Scandal
| Builds
| 
| good info
| 
| 
| >From: LePatron@xxxxxxxxxxxxxxxxxxx
| >To: trdoptions@xxxxxxxxxxx
| >Subject: Martin Armstrong and Princeton Economics International Scandal 
| >Builds
| >Date: Thu, 9 Sep 1999 13:00:29 -0400
| >
| >Le Metropole members,
| >
| >The Martin Armstrong - Princeton Economics International
| >scandal is picking up steam. It is important for us to
| >monitor this situation because two highly reliable
| >sources have told us that he is mega short "borrowed
| >gold." One foreign source told us that Martin
| >Armstrong is short up to 20 million ounces of gold.
| >The other source, U.S based, says he believes Armstrong
| >is short 8 million ounces. Either way, the numbers are
| >significant and cannot be easily covered.
| >
| >(Republic Bank of New York (Republic Securities) clears
| >PEI's business, and has suspended the chief of is
| >securities operation, James E. Sweeney.
| >
| >Tokyo - Dow Jones - Sept. 9 -
| >
| >"The Financial Supervisory Agency Thursday ordered
| >Cresvale International Ltd. to stop selling bonds
| >issued by its U.S. parent for six months, citing
| >investor protection concerns, Kyodo News reported.
| >
| >The ban on sales of the dollar-denominated Princeton
| >bonds took effect the same day.
| >
| >Cresvale International, formerly the Tokyo unit of
| >Britain's Cresvale investment banking group, was
| >acquired in 1995 by Princeton Economics International
| >Ltd., a global investment and economic research company.
| >
| >Princeton Economics International issued bonds through
| >a paper company set up in the Cayman Islands. Cresvale
| >International has sold about Y120 billion in the
| >Princeton bonds to dozens of companies in Japan, saying
| >that customer assets are under SEPARATE custody by a
| >U.S. securities company.
| >
| >But the FSA's inspection of Cresvale International
| >in May found NO evidence of such practice.
| >
| >The financial industry watchdog decided to impose
| >the sales ban to protect investors, fearing losses
| >on their assets, Kyodo News said?."
| >
| >A Reuters story today added the following," Analysts
| >and sources close to the situation told Reuters that
| >regulators are investigating whether Republic inflated
| >the value of futures and other derivatives it held for
| >Cresvale International and investment manager
| >Princeton Global Management."
| >
| >According to Cafe sources, Martin Armstrong has not
| >been seen in the gold and silver pits for some time
| >and the word on the Comex floor is that his financial
| >operations are in trouble.
| >
| >According to a Wall Street Journal article last Friday,
| >Republic had advised U.S. law enforcement and
| >regulatory authorities in May of its findings.
| >"Spokesman for the U.S. Attorney's Office for the
| >Southern District of New York in Manhattan did not comment."
| >
| >Knowledgeable parties close to the Cafe and very
| >familiar with law enforcement have told us that it
| >is highly unusual for the U.S. Attorney's Office to
| >be involved and just as highly unusual that information
| >of this nature was let out in the public domain. That
| >same party suggested that the investigation must be
| >in more advanced stages and that it could be
| >very significant.
| >
| >I repeat that our camp hears that just 4 hedge fund
| >operations (Soros, Tiger, Moore Capital and Martin
| >Armstrong) are short 30 million to 50 million ounces
| >of gold. There is no way that amount of gold can be covered
| >in a pinch without driving the gold price sharply higher.
| >Unless of course the U.S. government and the N.Y. Fed
| >decides to bail out them out.
| >
| >The rumored gold position of LTCM was swept under
| >the table. If Armstrong is short as much "borrowed
| >gold" as we think he his, it will not be that easy
| >to do. That is so because U.S. law enforcement is
| >involved as well as so many investors. That is why
| >we are pressing on with this story. If it becomes
| >publicly known he is mega short gold, it could start
| >a gold buying stampede - especially, if all his
| >trading activities have been frozen.
| >
| >For those of you that did not read my Labor Day
| >weekend piece, "Cafe Des Scandales," at the
| >Mattisse Table, the following is an excerpt from
| >a May 14 letter from Martin Armstrong to GATA and
| >our Secretary, e-group leader, Chris Powell:
| >
| >"I hate to tell you, but gold will drop to under
| >$200 before it turns. I find it extremely one-sided
| >how a Buffet and company of tagalongs is not a
| >manipulation because they buy, while selling is a
| >manipulation. The very guys you argue are manipulating
| >gold down were big sellers of gold and buyers of
| >silver during the Buffet rally. GS or not, the
| >economy simply does not support your position. And
| >I do not want to hear how I am short or some nonsense
| >to try to discredit my views, because it is not true.
| >PEI owns a 51 percent stake in a public gold mine in
| >Australia. That is my long-term view; it does not
| >change my short-term view.
| >
| >You cannot make a case for gold manipulation when
| >central banks are willing sellers. They have
| >demonetized gold and that is a simple fact of life.
| >If you want a free market, then don't stand in the
| >way of this bear market. Let the central bankers
| >sell everything they have and then there will be
| >no overhead supply to worry about. You cannot
| >argue manipulation and take the position that
| >these guys are not allowed to sell what they have.
| >The banks know what is coming and if they sell
| >ahead of the central banks, so be it --
| >that's a free market."
| >
| >MARTIN ARMSTRONG
| >Princeton Economics
| >
| >Japanese regulatory authorities have seen enough to
| >shut down part of Martin Armstrong's financial
| >operations in that country. They have concluded that
| >one of his financial entities has been lying to
| >regulators. Is he lying to GATA about his gold
| >position too?
| >
| >All the best,
| >
| >Bill Murphy
| >
| >Le Patron
| >Chairman, Gold Anti-Trust Action Committee
| >http://www.LeMetropoleCafe.com
| >
| >
| >
| >
| 
| ______________________________________________________
| Get Your Private, Free Email at http://www.hotmail.comFrom ???@??? Fri Sep 10 06:18:35 1999
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Date: Fri, 10 Sep 1999 06:43:52 -0400
To: "Pete" <petena9090@xxxxxxxxxxxxxx>, <AlexMorris@xxxxxxx>,
        <realtraders@xxxxxxxxxxxx>
From: ritchie <ritchie@xxxxxxxx>
Subject: Re: BMI Index Symbol Help please! (w/TradeStation)
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Status:   

It is a stock index

At 10:03 PM 9/9/99 -0500, Pete wrote:
>IT'S NOT A STOCK - QQQ IS AN INDEX!
>-----Original Message-----
>From: AlexMorris@xxxxxxx <AlexMorris@xxxxxxx>
>To: petena9090@xxxxxxxxxxxxxx <petena9090@xxxxxxxxxxxxxx>;
>realtraders@xxxxxxxxxxxx <realtraders@xxxxxxxxxxxx>
>Date: Thursday, September 09, 1999 9:08 PM
>Subject: Re: BMI Index Symbol Help please! (w/TradeStation)
>
>
>>That's the stock symbol, not the index!
>
>
>
>