MIchael, after his purchase (average of $5.98 or so if my calculations are correct) silver did go above $7 in a spike fashion (mostly because of the news he was in), since then, however, silver has dropped to between $5 o $5.5 in 98/99 and now it is at $4.49, so it seems, on this rare occasion, Warren did not do too well. I think he miscalculated that the supply of silver can expand drastically above about $5.5, and furthermore, the major demand from silver, photographic films, is a declining market, so the demand for silver might be in a secular bear market. Did he ever sell?
Zeev
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