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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (53263)	5/25/2000 10:17:00 AM
From: B.REVERE	Read Replies (1) \| Respond to of 116766

Any insight for this purchase? DALLAS, May 25 (Reuters) - Dallas Gold and Silver Exchange Inc. said Thursday that Allen Paulson plans to buy 275,000 shares, or 6.1 percent of the company's outstanding common stock, for investment purposes. Paulson, founder and chairman emeritus of corporate jet maker Gulfstream Aerospace Corp., a wholly owned subsidiary of General Dynamics Corp. , has invested about $2 million dollars in DGSE's common stock in open market purchases made between April 10 and May 22, Dallas Gold President and Chief Operating Officer William Oyster said in a statement. DGSE said that according to his 13D filing with the Securities and Exchange Commission, Paulson retained the right to buy more shares or sell common stock from time to time. He owns companies with investments in diverse industries such as energy exploration, horse breeding and real estate. DGSE wholesales and retails jewelry, diamonds, fine watches and precious metal products through retail stores and Internet channels. It also has a wholly-owned jewelry liquidation subsidiary, Silverman Consultants Inc. DGSE owns 60 percent of eye media inc., which develops software solutions for business-to-business and business-to-consumer e-commerce companies. Shares of DGSE were up 1/8 at 8-7/8 in early Thursday morning trading on the Nasdaq, well above their 52-week low of 3 and slightly below their 52-week high of 9. Copyright 2000 Reuters Limited. All rights reserved. Republication or