MorganChase has probably hedged its silver shorts, Butler says

Section:

10:45p ET Friday, August 21, 2009

Dear Friend of GATA and Gold (and Silver):

King World News' Eric King today did a fascinating 12-minute interview with silver market analyst Ted Butler, who speculated that JPMorganChase has managed to hedge its huge short position in silver and so has little reason to fight a price rise. Butler also examined the latest commitment of traders in the gold and silver futures markets. You can listen to the interview here:

http://www.kingworldnews.com/kingworldnews/Broadcast_Gold+/Entries/2009/...

Or try this abbreviated link:

http://tinyurl.com/myu32p

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

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