I am as furstrated as you with this POS stock. IMO, the May conference results will make or break stock price. Had a chance while back to sell at 3.35 for 14H$ profit but wanted 4$. I can forget 6$ price. If 4$ should hit I am out and runing and wont look back. Have a safe day.
Change his investing method......& his short's ? No SS your in second place, first place belong's to pop walleye AKA rastusputin the eraser. Seriously, you need to find a place for pop, or at least a "visiting Angel" to watch his movement's before he squander's any more SS & SSI check's on "fantasy investment's", many of which are even worse than HL ! A Conservatorship might be the answer providing you can get him to make his "X" on the bottom line ! GL2U2
S/S the rummor of Hecklah buying Berrick , IMO, is factor depressing this worst of breed minging Co.
Sentiment: Strong Sell
According to the O'bummer doctrine that's when EVERYONE is made whole again on their investment no matter what price they bought at. Except of course those fool's that didn't vote for change ! They get to keep the change.
There you go again '77 trying to apply some logic to the market's! Seriously though, I think it was that durable good's number this morning. The expectation's were for -0.5%......it came in @ +4.0% ! Then add the recent existing home sales pickup, a pretty high consumer confidence level, & the latest inflation number around 1.8%, with the fed target at 2, AND, expectation's for a June rate hike rise !
So here's the bottom line buddy "IMO". What the fed has managed to do is keep most EVERYBODY off guard & confused to extreme for the last several year's ...in most ALL market's! The uncertainty surrounding PM's is the same force that has prevented a long overdue serious correction in the S&P.
What happen's if we do get a rate hike in june ? Most of the WS goo-roo's want you to think it's no big deal. it's just a sign the economy is improving. Well if that's the case money velocity should pick up along with inflation, & result in an increase in demand for most comm. including the metal's. The big question in my mind though is how will the bond market react ? Make no mistake, easy credit/fiat has sustained the stock/bond market for the last 7 yrs. Even the fed has acknowledged we already have a BIG liquidity problem with most of the paper, including corporate. What happen's in the week we get the first hike & everybody & their cousin just decides to head for the exit at the same time ? With perhaps very few if no bidder's ? Metal's could collapse along with the stock market....or "SORE" on panic safe harbor buying if it look's like a real crisis is unfolding ! This uncertainty is EXACTLY why I keep stressing to keep the PM bet's modest in size ! It's a VERY high risk environment......& getting more so every month "IMO" GL
IMO given silver gets beat down each and every day, looking for a reason for today's beat down is foolish. As if having the answer will somehow help you. You will chase this pig sector forever. GLTU. SS
And the reason for todays silver beatdown? Did some fed member mention that a rate hike may be coming like they have been talking about for years. Its amazing that even a hint of the vaunted rate hike and silver tanks. What is going to happe if we actually ever get this vaunted rate hike, Silver going below 10 bucks?
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What is the future for PMs? Is gold always going to be ~ $1200/oz and silver always going to be ~ $16.00/oz? Well, Sprott doesn't think so and is spending $900M as reported today:
"In an attempt to better position its products, Sprott Asset Management announced an $898 million hostile bid for two competing funds backed by gold and silver.
According to the company’s latest press release, Sprott intends to acquire the Central Gold Trust (GTU) and Silver Bullion Trust (SBT), two funds similar to its own physical gold and silver funds. The offer would entail GTU and SBT unitholders to trade their units for units into Sprott’s funds.
“Sprott today announced that it intends, together with Sprott Physical Gold Trust, to commence an offer (the "GTU Exchange Offer") to acquire all of the outstanding units of GTU and, together with Sprott Physical Silver Trust, to commence an offer (the "SBT Exchange Offer") to acquire all of the outstanding units of SBT,” the release said.
“The aggregate value of these proposed transactions would be approximately US$898 million and the resulting Sprott Physical Trusts would be highly-liquid, best-in-class bullion vehicles managed by a firm with a globally-recognized precious metals franchise,” it added.
Looks like someone, besides myself, thinks there is future value in gold and silver. Relax and let Phillips Baker and Hecla's management team make the calls. They know what they're doing and Hecla will probably report higher than expected earnings. The analysts are wrong about lots of things pertaining to PM mining stocks, especially HL.
IMO please. Dead cat bounce after plummeting from 3.4 is not something to write home to your mommy about. But as I declared several weeks ago, silver morons thrive on dead cat bounces because it gives them hope. GLTU. SS
next where you been,watching nba playoffs-my nephews kid got invited to fa frosh camp in atlanta-the top 60players in country invited,he lit em up-made top 30 and all star team-got recruited by a prep school and is there starting guard as a freshman-
"but in the mean time it's more than beginning to look like another long row across the swamp."........should have read: .........."quicksand"........rather than: ........"swamp".......
Hi drawn......you actually still here?
When the management caved in on Lisa Jackson"s EPA attack (for $265 million bucks), we all should have shorted this turkey. Biggest mistake of my life, continuing with the fake hope, and staying long.
IMO that's right children, it's the turkey HL. Guess what else is floundering like a clubbed barracuda?
"Is it silver, SS?"
That's right children. The pig silver is flat lining like a tin can in a hydraulic press. GLTU. SS
There's more going on besides just the acquisition rumor's truth, although I think your right about it effecting HL's price today. Chinese man. number's were weak, U.S. housing sales strong, the dollar is firming up & Brittish/German int. rates are rising lately....none of which is conducive to higher PM prices, at least shorter term !