Why, Ted Butler asks, would anyone want a 'no delivery' contract?

9:14p ET Tuesday, December 19, 2006

Dear Friend of GATA and Gold:

GoldSeek's companion site, SilverSeek, has posted a long colloquy between silver market analyst Ted Butler and Jim Cook of Investment Rarities in Minneapolis. It's particularly interesting for Butler's observations about the new silver contracts on the Comex and London Metals Exchange, which he calls "no delivery" contracts, contracts that can be settled only in cash and that, as a result, seem designed to divert investment demand away from any possibility of collecting the real stuff. You can find the colloquy, "Interview with Ted Butler," here:

http://news.silverseek.com/TedButler/1166550244.php

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

* * *

Join GATA
at the
2007 Vancouver Resource Investment Conference
Vancouver Convention and Exhibition Centre
Sunday and Monday, January 21 and 22, 2007

http://www.cambridgeconferences.com/ch_jan2007.html

Admission is free for those who register in advance. The conference has arranged discount rates at the Pan Pacific Hotel adjacent to the convention center.

* * *

Help Keep GATA Going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at www.GATA.org. GATA is grateful for financial contributions, which are federally tax-deductible in the United States.