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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: ViperChick Secret Agent 006.9 who wrote (37734)3/30/1998 12:03:00 PM
From: Gersh Avery  Respond to of 58727
 
Lisa Re: Buffet

Thought about Buffet over the weekend .. (God that was hard<g>)

Anyway .. as weakness pops up in the market there is a move to gold.

There have been several banks that are looking to dump gold.

So then, just when people are going to gold for safety, and the price has risen enough, the banks dump.

Therefor the "safe" move would be silver.

Now .. why metal and not paper?

IMHO Buffet is expecting the next drop to cause the downfall of brokerage firms, and has bet a lot of money on that expectation.

Gersh