Hecla (HL) SHORT Squeeze TODAY as they report Tomorrow AM it is up big.....
Hecla (HL) SHORT Squeeze TODAY as they report Tomorrow AM it is up big
Hecla is blowing away SLV for past 5 days it is higher even when silver is down here is why
First I want to tell you that Janet Yellen at the helm of the FED is the Best thing that could have happened for Gold Silver and Mining stocks.
This is why smart money is piling into them at this time especially since they are so beaten down.
Hecla (which I own) was 11 when gold was 1800 and silver was 40 now it's 3.60 and get this:
Hecla is the largest silver produced in US with 26% of US output in 2013 and massive reserves
Hecla has it's mines only in US and Canada so can't get them taxed or nationalized (at least today..)
Hecla has a large number of short shares so could have a short squeeze easily
Hecla Just bought a large gold mine in Canada from Aurizon making it a gold and silver miner
Hecla pays a dividend linked to the price of silver
Hecla insiders are buying it's shares on the open market see Yahoo insider transactions link
Hecla (all shares) could be bought for only 1.1 billion the amount the fed prints every 10 HOURS !
Don't believe it's a good buy now ?
I firmly believe that Hecla is going to have a much higher return this year than the overpriced dow and S&P
There is a tremendous amount of money being created and when even a tiny percentage realizes whats going on with the debasing of the dollar and buys these stocks they will be be up 5 to 10 times or more their current price.
Look at the 5 day chart: