Ted Butler: Back to the start with silver

11:30p ET Monday, August 11, 2008

Dear Friend of GATA and Gold (and Silver):

Silver market analyst Ted Butler examines the recent smashing of the precious metals and concludes that silver is now priced substantially below its cost of production. He also predicts that the big shorts on the commodities exchange will now start buying back the silver they sold to cause the smashing. Butler's commentary is headlined "Back to the Start" and you can find it at GoldSeek's companion site, SilverSeek, here:

http://news.silverseek.com/TedButler/1218511144.php

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

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