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Ted Butler: The sole silver price depressant

Section: Daily Dispatches

2p ET Tuesday, July 8, 2008

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler argues that the silver exchange-traded fund SLV is being heavily shorted because the silver necessary to back the new shares issued by the fund is simply not available without exploding the price. Butler's new essay, "The Sole Silver Price Depressant," can be found at GoldSeek's companion site, SilverSeek, here:

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

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