Rob Kirby: A look back at Martin Armstrong's strange incarceration


7:56p ET Tuesday, January 28, 2020

Dear Friend of GATA and Gold:

In commentary published tonight Rob Kirby of Kirby Analytics in Toronto reviews the strange case of market analyst and former fund manager Martin Armstrong, who, 20 years ago, after claiming familiarity with international schemes to manipulate the gold market, found himself prosecuted for fraud by the U.S. government and imprisoned for 10 years on a charge of contempt of court.

This was an unprecedented duration of imprisonment for contempt, more remarkable insofar as Armstrong had not yet been convicted of anything.

... Dispatch continues below ...


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Kirby notes that GATA Chairman Bill Murphy and your secretary/treasurer communicated with Armstrong back then in the hope of publicizing evidence of gold market manipulation and calling attention to the unfairness inflicted on Armstrong by the U.S. government.

We didn't get far before Armstrong was imprisoned, and, as Kirby notes, since Armstrong was released in a sort of plea bargain he has not returned to the gold manipulation issue, just as the discover of gold market manipulation via gold leasing, market analyst Frank Veneroso, once a GATA associate, long has not wanted to return to the issue either.

The issue never has been terribly good for anybody's business. It may have been behind the mysterious murder of Armstrong's business colleague, the banker Edmond Safra, in Monaco in 1999.

But as Gandhi or the American labor leader Nicholas Klein might say if either was still around: "First they ignore you, then they laugh at you, then they fight you, and finally they sneer that everybody really knew all along what you thought was a revelation, and they go back to ignoring you."

Kirby's commentary is headlined "Another Look Back at Martin Armstrong's Incarceration" and its posted at GoldSeek here:

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

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