Ted Butler: Paper selling, physical buying

Section:

4:50p ET Monday, August 4, 2008

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler examines the most recent traders reports and concludes that the recent liquidation is probably almost over. He also speculates that the silver market managers are rationing the metal's limited supply so that it goes first to manufacturers while investors are made to endure long delays for delivery, lest the manufacturers panic and try to build inventories.

Butler's commentary is headlined "Paper Selling, Physical Buying" and you can find it at GoldSeek's companion site, SilverSeek, here:

http://news.silverseek.com/TedButler/1217880612.php

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

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