11:47p ET Wednesday, July 5, 2006

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler reports that the U.S. Commodity Futures Trading Commission has taken action against manipulation in a market whose concentration is no worse than the concentration in the silver market -- propane. So when comes the action against the manipulation of the silver market? Butler doesn't advise holding your breath -- he advises some active complaining.

You can find Butler's observations in a new essay, "The Road Ahead," posted at GoldSeek's companion site, SilverSeek, here:

http://news.silverseek.com/TedButler/1152127239.php [1]

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