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Gold/Mining/Energy : Golden Arch Resources---GAI.V -- Ignore unavailable to you. Want to Upgrade?

To: JR. who wrote (253)	2/7/1998 6:13:00 PM
From: JR.	Read Replies (1) \| Respond to of 359

Read in today's paper that suppliers are trying to get ingots to the warehouses in the U.K. where Warren Buffet is awaiting delivery of about 42 million ounces of silver .Original delivery date was to be March 6th but the date may change by a couple of weeks to help the liquidity situation.Part of the problem is reported to be that refiners are at full capacity with back logs of orders.The refiner Handy and Harmon expects prices to keep rising, especially since someone with the reputation of Warren Buffet has made this kind of investment.They expect a lot of people to follow him. In the same article they say that the market pulled back on the announcement by Kodak that they had bought half their year's supply already.The company buys as much as 60 million oz. per year. This is going to get interesting as time moves along.Nice to see that GAI is looking at putting the property in B.C. into production. Cheers, JR.