re: on silver - by
Buffet is no Nelson Bunker Hunt - he is just another punter/spiv trying to make a buck out of the silver price. His rumoured entry is just over $US6 per oz. Sure the silver price can move up by about a third of its current value. However the notion that its going to just keep on trucking on the upside above six greenbacks and by so doing hand our friend Warren a big fat profit on the proverbial silver platter is laughable. At the risk of stating the obvious as soon as the market sniffs out that Buffet has sold or is about to sell the first ounce of his 130 million ounces stockpile the poor old silver price will collapse.
