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Gold/Mining/Energy : Silver prices
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To: Bucky Katt who wrote (561)2/5/1998 9:59:00 AM
From: Ray Burke  Read Replies (2) of 8010
 
CNBC just had 2 silver mine co. CEO's on, interesting comments.
"Yearly demand for silver 800 million ounces"
"photography is 30% of that demand"
cnbc shows Buffet holding 130 million ounces, my thought is if Buffet
was only looking for a $1 or $2 per oz rise in price that is only
$130 to $260 million $ gain.... I would guess he would be looking
for more gains than that. I might be wrong(that's happened before)
Ray
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