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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks!
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To: Brian Gerbozy who wrote (723)2/4/1998 6:37:00 PM
From: Bruce   of 1348
 
Mystery buyer unveiled

Over the past month there has been speculation that someone was trying to artifically bump up the price of Silver. Well today in the Wall Street Journal and on CNBC the truth comes out. Mr Warren Buffet has over the last 6 months been acquiring silver, so much in fact his 136 million Oz. purchase is reportedly 20% of the market. Most other Wall Street analysts are lost without a clue on why he doing this. Some are rationalizing that demand out strips supply (Duh! we already knew That) and that when the asia markets dropped, investors in india and other metal hungry asia countries bought up silver.
Anyhow Warren's silver intake is now worth over 860 million. Silver closed up over$7 an Oz at 7.02 US and UKH, well Let Don's Posting speak for itself. Don thanks for that awsome posting!!!! As One commentator put it when Buffet talks Wall Street listens (it seems like I've heard that before, wasn't that EF HUTTON?)

Putting humor aside, the question is how many people out their will blindly follow Buffet and buy silver, and continue to drive up the price? Their already trying to read Buffet's reasoning.
Thank you Mister Buffet

$10 an Oz. would be nice.
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