Ted Butler: A hidden silver default?


2:15p PT Monday, June 16, 2008

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler reports evidence that the Barclays silver exchanged-traded fund on the American Stock Exchange (SLV) is being short-sold and naked-short-sold in what may be a huge default in the metal. Butler estimates the default at between 25 million and 50 million ounces. His new commentary is headlined "A Hidden Silver Default?" and you can find it at GoldSeek's companion site, SilverSeek, here:


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

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