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Gold/Mining/Energy : Gold Price Monitor
GDXJ 105.34+5.2%4:00 PM EST
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To: CIMA who wrote (19945)9/28/1998 9:20:00 AM
From: ForYourEyesOnly  Read Replies (1) of 116767
 
***Buffet Silver Boom #2??***

Silver looks like it may be starting another bull phase. It is possible that increased investment by Buffet may add fuel to the fire.

Does anyone have any information or ideas regarding possible buying by Buffet? Some may say that it doesn't matter whether or not he buys, but if he buys and that buying is made public, I think it will be hard to downplay the effect on the price of silver.

**I first heard that Buffet may be buying via an emergency update sent out to the members of Le Metropole Cafe (stop by www.lemetropolecafe.com and sign up as a trial member for more info; PM commentary is at the Midas table) by the Patron, Bill Murphy on Sept. 24. It was noted that a reliable source indicated that Buffet had been buying.

**On Sept. 24 and 25, the Japanese silver market had 2 limit up days, and jumped from around 207 yen/gram on Sept. 23 to a high of 224 yen/g today (although it drifted back to 220).

**One of the larger futures brokerages in Japan has recently indicated they also have heard that Buffet has been buying in London.

Does anyone else have a feeling for what has been going on? If Buffet has been buying and it is made public again, silver may become "popular" again like it was earlier this year.

Thanks in advance for any input.

THC
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