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

To: bobby beara who wrote (7362)	2/8/1998 12:24:00 PM
From: Jim McMannis	Read Replies (3) \| Respond to of 116753

There seems to be a great gulf between the trading mentality of the average metals trader and the buy and hold strategy of Warren Buffett. The commodity traders have the mind set that Warren will sell immediately and focus on what will happen to the silver market when he sells. So goes the fear that silver has topped because Warren is "gonna" sell "soon". Well. I've got news for the speculators...Warren Buffett is not a short term trader. Sometimes he never sells. The commodities traders just haven't realized this. Years could go by before Buffett sells or he may never sell. Seems like most as still so shell shocked about the weakness in the metals (save silver) market over the last year that they aren't willing to take any long term positions. They will learn. What's that about the bull climbing a wall of worry? Jim