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Ted Butler: A modest proposal -- ban ALL short selling
2:45p ET Monday, July 21, 2008
Dear Friend of GATA and Gold:
In commentary published today, silver market analyst Ted Butler makes the case for outlawing all short selling of stock. That the U.S. Securities and Exchange Commission has undertaken to stop short selling only in the stock of primary dealers in U.S. Treasury securities, and not also the stock of, say, gold and silver mining companies is another proof of government manipulation and patronage in the markets. Butler also examines the latest trader reports from the U.S. commodities exchanges and finds that the big shorts in gold and silver seem close to engineering another selloff and that the U.S. Commodity Futures Trading Commission until recently had misclassified a huge speculative position in the energy market.
Butler's new commentary is headlined "A Modest Proposal" 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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