Silver market analyst Butler comments to KWN on last week’s smashdown
May 22, 2010 by goldguru · Leave a Comment
10:30a ET Saturday, May 22, 2010
Dear Friend of GATA and Gold (and Silver):
Silver market analyst Ted Butler today tells King World News’ Eric King that while last week’s smashing of the silver market by large commercial traders could not have been more obviously manipulative, he doesn’t think J.P. Morgan Chase was behind it this time. He thinks the outlook for silver is now 80 percent bullish and 50-60 percent bullish for gold. Butler is losing patience with the U.S. Commodity Futures Trading Commission’s failure to act against manipulation in the metals market but says he’s still hopeful. The interview is 10 minutes long and you can listen to it here:
http://www.kingworldnews.com/kingworldnews/Broadcast_Gold+/Entries/2010/…
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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