1:55p ET Monday, October 27, 2008
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler remarks that the recent smash down of the silver price has come amid amazingly low inventories of silver and a decline in production of the base metals of which silver is a byproduct. The low price, he writes, is simply uneconomic and is not likely to last long amid explosive investment demand and the covering of short positions by the big commercial traders. Butler's analysis is headlined "A Shock to the System" and you can find it at GoldSeek's companion site, SilverSeek, here:
http://news.silverseek.com/TedButler/1225121146.php [1]
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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