Ted Butler: CFTC's interest in position limits could end silver rig


7:45p ET Tuesday, July 14, 2009

Dear Friend of GATA and Gold (and Silver):

Silver market analyst Ted Butler writes tonight that the new interest shown by the U.S. Commodity Futures Trading Commission in position limits for traders, and particularly position limits for traders in gold and silver, could be "the game changer," the end of the suppression of prices, particularly the price of silver.

The refusal of the CFTC to enforce position limits in silver trading has been Butler's foremost complaint for years, so the new comments from the commission may herald his vindication. Let's hope that the CFTC calls Butler as a primary witness in the hearings it has promised to hold in the near future.

Butler's commentary is headlined "The Game Changer" 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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