silver soars & hats off to Ted Butler and GATA
From: LePatron@LeMetropoleCafe.com
Dear Friends of GATA and Gold:
Dr. Richard S. Appel, publisher of the monthly newsletter
Financial Insights, whose mining stock picks may be the
best in the business, takes note of the silver campaign
of GATA and its ally, silver market analyst, activist, and
hero Ted Butler, in the newsletter's April issue, which
was distributed today.
Appel's comments, which are appended here, are actually a
tribute to all those who joined the silver campaign by
writing letters to the authorities. So please consider
yourselves congratulated.
financialinsights.org
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
groups.yahoo.com
From Financial Insights
by Dr. Richard S. Appel
April 2004 edition
One issue that greatly impresses me is the effect of a
recent unified letter campaign to various government
officials. These letters outlined the abuses that have
allegedly influenced the free-trading silver market.
It is believed that a group of bullion banks, brokerage
firms, and commercial interests have acted for years
to suppress the price of silver.
Ted Butler, who has long championed silver, initiated
the campaign. He was responsible for the outpouring
of thousands of individual letters to important officials
such as Elliot Spitzer, New York's attorney general.
Mr. Butler's coaxing, along with that of the Gold
Anti-Trust Action Committee (www.GATA.org), was
instrumental in a flurry of letters that appear to have
forced the authorities to at minimum look into these
allegations.
It is amazing that shortly after the campaign was
initiated, silver appeared to become freed from the
shackles that had prevented its price appreciation
for a number of years. The timing was that precise.
If the allegations are true, which I believe is likely,
those who have worked to maintain silver at an
artificially low price will now be forced to stand aside
and allow the market to set its own course. They will
do this for fear of government sanctions against their
indefensible actions.
To me this is truly a great win for "the little guy,"
the man in the street, all of us! Further, it proves
that a number of people working together in search for
truth and justice can actually make a difference!
My hat is off to Ted Butler and GATA.
It is amazing how powerful the Internet can be if
utilized properly. In this instance the availability
of instantaneous communications allowed a vast number
of individuals from varying countries and different
walks of life to connect for a like-minded goal.
All the best,
Bill Murphy
Le Patron, LeMetropoleCafe.com
Chairman, Gold Anti-Trust Action gata.org |
