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Gold/Mining/Energy : Silver prices
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To: TD who wrote (514)2/4/1998 11:38:00 AM
From: TD  Read Replies (1) of 8010
 
The February 10 CDE Calls doubled in price today! What I find most interesting is that Mr. Buffett has 42 Million ounces of silver yet to be delivered. Happy I am long, and not looking to buy the metal to cover a short position. How high can we go? No one knows for sure but remember precious metals = precious little. Is there 42 million ounces around to be delivered? Yes but at what price? Several have suggested $10-15 as the equalibrium price!
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