Submitted by cpowell on Sat, 2010-08-07 14:31. Section: Daily Dispatches
10:30a ET Saturday, August 7, 2010
Dear Friend of GATA and Gold (and Silver):
In his weekly interview with Eric King of King World News, silver market analyst Ted Butler reports that JPMorganChase, the big short in silver, has brought its position to the lowest level since May 2009 and has been reducing its short position in gold as well. Because of pending changes in law and regulation in the United States, Butler doubts that MorganChase will ever be shorting again as much as it once did. The Comex situation for gold and silver, Butler says, is now about 85 percent bullish. You can listen to the King World News interview with Butler here:
http://kingworldnews.com/kingworldnews/Broadcast_Gold+/Entries/2010/8/7_Ted_Butler_on_the_Metals_Market.html
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