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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: TD who wrote (869)	3/11/1998 9:07:00 PM
From: Ray Hughes	Read Replies (1) \| Respond to of 8010

DK about Buffett taking delivery. Really think the important thing is the long picture. Guys like WB & GS don't move into commodities unless advisors are really hot on the idea. So, with lots of advisors touting silver you can be sure other "smart" money will come to the party. The entire amount of silver used in a year amounts to about $5.2 billion - thats a drop in the bucket compared to the amount of "hot money" under management in just NYC alone. I know guys in Zurich, Geneva, London and Paris who believe as we do and they've got enough money to buy entire year's silver output. Regards,