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Ted Butler: Rope-A-Dope?

Section: Daily Dispatches

2:50p ET Tuesday, October 16, 2007

Dear Friend of GATA and Gold:

In a new essay, silver market analyst Ted Butler notes the extreme positions of the gold traders on the commodities and speculates on the next price break. He is inclined to think to think that the shorts retain the strength to break gold below its 50-day moving average, as they have done before. Butler's new essay is headlined "Rope-A-Dope?" 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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