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Ted Butler: A few thoughts on silver

Section: Daily Dispatches

4:35p ET Tuesday, May 27, 2008

Dear Friend of GATA and Gold (and Silver):

Silver market analyst Ted Butler says he couldn't stop himself from offering some commentary on today's trashing of silver. He contends that the long position in crude oil, about which U.S. politicians have begun to complain, is only about a third as concentrated as the short position in silver. He also speculates that the big shorts in silver now will begin covering again. Butler's commentary is headlined "A Few Thoughts" and you can find it at GoldSeek's companion site, Silver Seek, here:

http://news.silverseek.com/TedButler/1211910972.php

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

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