Martin Armstrong's treatise touches on market manipulation

5:25p ET Tuesday, January 6, 2009

Dear Friend of GATA and Gold:

As GATA was just getting started 10 years ago, among the first economists and financial advisers to take us seriously enough to engage in cordial exchanges was Martin Armstrong, then chairman of Princeton Economics International Ltd. Armstrong soon ended up in prison as a result of a contempt-of-court finding by a federal judge in a securities-fraud case. A New York Times account of the matter, published two years ago, can be found here:

http://www.nytimes.com/2007/02/16/business/16jail.html?_r=1&sq=martin%20...

Or try this abbreviated link:

http://tinyurl.com/9behq3

Armstrong is still in prison and the length of his contempt term seems almost unprecedented, a failing of due process of law. But from his prison cell he recently wrote a long treatise on what might as well again be called the decline of the West. While it's dense in places, rambling in others, and lacking in documentation, its observations about market manipulation may be of interest to observers of the gold and silver markets.

Armstrong's treatise is titled "It's Just Time" and you can find it in PDF format here:

http://www.contrahour.com/ItsJustTimeMartinArmstrong.pdf

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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