Ted Butler: Cut silver position limits down to 1,500 contracts

Section:

8:25p ET Monday, October 12, 2009

Dear Friend of GATA and Gold (and Silver):

In commentary excerpted from his newsletter, silver market analyst Ted Butler argues that the trader position limit in the U.S. silver futures market should be 1,500 contracts, a small fraction of what are now the likely positions held by the largest traders. Butler's commentary is headlined "The Box Canyon" and you can find it at GoldSeek's companion site, SilverSeek, here:

http://news.silverseek.com/SilverSeek/1255368577.php

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

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