Israel Friedman: Physical silver, yes; speculation, no

Section:

5:24p ET Wednesday, July 19, 2006

Dear Friend of GATA and Gold:

Israel Friedman, mentor to silver market analyst Ted Butler, has taken over the commentary of his student this week with "Physical Silver, Yes; Speculation, No," posted at GoldSeek's companion site, SilverSeek, here:

http://news.silverseek.com/TedButler/1153245360.php

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