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Ted Butler: The excellence of silver

Section: Daily Dispatches

8:30p ET Tuesday, April 2, 2007

Dear Friend of GATA and Gold:

In his new essay, silver market analyst Ted Butler makes the case for the white metal as well as it ever has been made.

Silver has done spectacularly well over the last five years but not as well as some other metals -- because, Butler says, of the huge and concentrated short position in silver on the New York commodities exchange. That short position, Butler writes, "must be resolved, and whether that resolution involves default or buying by short covering, it will have the same bullish impact on price."

(Here's betting that the short position in silver will be resolved by default -- with a smile if not a hearty laugh at the commodities exchange's longs.)

You can find Butler's essay, "The Excellence of Silver," at GoldSeek's companion site, SilverSeek, here:

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

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