Found it, silver mine Apex not physical!
Goldline International, Inc. Joe Battaglia Wednesday, December 29, 1999 Precious metals continue to advance as all of the activity is on the long side of the market. Technical traders are buying gold and silver as are professional
investors. Some say that the increased demand for precious metals is in part due to Y2K. However, some very prominent investors have just acquired huge silver positions. George Soroså brother Paul, an extremely wealthy
investor, acquired a major interest in a huge silver mine. Clearly, he believes that silver prices are headed substantially higher. Y2K is receiving increased attention as the Mayor of Seattle canceled their gala New Years celebration. More
troublesome is the fact that a mining company north of Flagstaff, AZ reported the theft of 5,000 pounds of ammonium nitrate explosive and today the Fresno Police Department reported the theft of 300 pounds of high explosives from their office. Compounding the Y2K problem is the horrible storm in Europe. France has widespread electrical outages with nearly four million people without power. The government said they will not be able to restore power before the New Year. In addition, three nuclear reactors in Europe have been shutdown due to storm
conditions. They already have power shortages in their grid. If Y2K problems hit their electrical industry, Europe will be in serious crisis. Americans are oblivious to these potential problems that could affect our financial markets and our economy. |
