Gene Arensberg: Banks covering gold shorts, not silver yet

8:15a ET Tuesday, September 16, 2008

Dear Friend of GATA and Gold (and Silver):

Resource Investor's Gene Arensberg discloses in his latest "Got Gold Report" that the government-agent banks shorting the precious metals markets have substantially covered their positions in gold but not silver. Arensberg also denounces the market regulatory agencies for allowing the unprecedented and manipulative short positions. You can find his commentary, headlined "Banks Cover Gold Shorts But Not Silver Yet," at Resource Investor here:

http://www.resourceinvestor.com/pebble.asp?relid=46175

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

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