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Ted Butler and Izzy Friedman: The speed of sound
4:45p ET Tuesday, September 9, 2008
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler is joined by his mentor, Izzy Friedman, in new commentary headlined "The Speed of Sound." They report that while the short positions in gold and silver on the commodities exchange are now even more concentrated, the silver shorts have not been able to start to cover their positions as the gold shorts have. Butler and Friedman expect the physical market, where silver is already scarce, to trigger a price explosion.
Some people long have been predicting that the physical market for the precious metals would separate from the futures market as the great worldwide collapse began. Maybe this is already happening.
You can find the latest by Butler and Friedman at GoldSeek's companion site, SilverSeek, here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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