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Ted Butler: A critical point
9:15p ET Tuesday, May 13, 2008
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler today looked closely at the position of traders in gold and silver on the commodities exchange and discovered that the traders he calls "the raptors" in silver have just taken delivery of a lot of the metal, an unusual move he can construe only as bullish. Gold had its own unusual move, Butler reports, as the largest traders sold even shorter on the recent price decline, instead of covering as they usually do. Butler's analysis is headlined "A Critical Point" and you can find it at 24hGold here:
http://www.24hgold.com/24hpmdata/articles/130520080254975.htm
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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