Ted Butler: Oil market manipulation was on the short side


3:15p ET Monday, July 28, 2008

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler points to the little-publicized bankruptcy of SemGroup, which recently lost more than $3 billion trading oil contracts, as evidence that the big manipulation in the commodities markets is on the short side, and not what most politicians would have people believe, manipulative purchases by long-side speculators. Butler likens the short-side manipulation in oil to what has been happening in the silver market. His new commentary is headlined "Coincidence or Confirmation?" 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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