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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: B.D.Bauden who wrote (8754)	2/3/1998 10:32:00 PM
From: B.D.Bauden	Read Replies (2) of 20681

To All, I saw this on another gold mine thread. Thought it may be of some interest. Check this out copied from Gold Price Monitor, Soros also rumored to have huge stake and silver up to 6.78 overnight. If true this will drag a lot with it!!! LATE NEWS FLASH!!! CNBC just reported that multi-billionaire financiers, George Soros and Warren Buffet, have purchased one million ounces of physical silver. It was also announced that Warren Buffett, through his holding company, Berkshire-Hathaway, has accumulated 130 million ounces of silver beginning in July 1997 through January 12, 1998. Some analysts put this amount at 20% of the known silver reserves. Perhaps this explains why silver jumped 36 cents today to a fresh new high on the COMEX, and why silver is now trading at $6.78-- up another 17 cents in the aftermarket. We have also heard that these two gentleman are buying physical gold as well, but we could not comment on it until the news of their silver purchase broke. Watch out tomorrow. Prices could skyrocket on all metals, but especially gold as the shortsellers get caught on the wrong side of the market.

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