Ted Butler: A picture worth a thousand words

Section:

2:40p ET Tuesday, October 9, 2007

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler has assembled a graph showing the concentration of short positions in all major commodities, in terms of worldwide production of those commodities. Silver and gold show the greatest concentrations by far. Butler argues that this is proof of the manipulation of the silver market. Of course it could be just a coincidence that the biggest short positions are in the two main monetary metals -- just as it could be a coincidence that most U.S. Treasury secretaries and central bankers around the world come via Goldman Sachs or JPMorganChase.

You can find Butler's chart as part of a brief commentary, "A Picture Worth a Thousand Words," at GoldSeek's companion site, SilverSeek, here:

http://news.silverseek.com/TedButler/1191951410.php

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

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