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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?


To: Enigma who wrote (8675)2/15/1998 5:58:00 PM
From: Bill Jackson  Read Replies (2) | Respond to of 14627
 
enigma; What Buffet does is not stay in any rut. He might easily have decided that sailver was good for another $200 million profits by just the strategy is suggest, and that is on his metal holdings. derivatives could magnify that. Once in a whiel he can make a quick killing.

many smaller mines have closed, and will never come back until gold stay up for a while, so their production is gone for now. The supposed short position from forward sales might just collapse causing a rapid rise as soon as the Asians recover. The Koreans look like they are coming back soon??. Once the Thais, and the Indos do it gold will shoot up. I say end of March will see it alive and kicking , due to all of the above factors.

Bill