Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: Terence Mitchell who wrote (2571)	2/6/1998 1:14:00 AM
From: bill718	Read Replies (3) of 4718

On Warren Buffett: His co. disclosed late Tues. it acquired 130 M oz. silver. He has legions of followers who track his every move, and feels the common stocks at the moment, are a bit rich. Since Buffett's company, Berkshire Hathaway began buying silver in July, it has gone up about 62%. Further silver has gone up about 25% the last 4 days. In 1980, the Hunt bros. of Texas tried to corner the market and drove prices from about $6 to $52.50. Unfortunately, the silver market eventually collapsed and the Hunts lost $1B or so. Unlike the Hunts, Buffett's company has deep pockets and silver represents just 2% of its holdings. Last year Buffett was est. to be worth about $21B putting him 2nd only to Bill Gates in ranking of the 400 wealthiest Americans. Berkshire Hathaway, the most expensive stock traded in the U.S., rose $200 on Wednesday to close at $52,800 / share on NY. ************************************************************ If you have something intelligent to say, then why don't you post your opinion so we can all benefit. That is why most of us are here. Wayne

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