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iShares Silver Trust Message Board

  • lorde_chatterly lorde_chatterly Mar 22, 2014 9:51 AM Flag

    "Hecla Mining Company Stock Rating Lowered by Zacks "


    Things like this tell me lower metal prices are coming. Pretty much the bottom line. If Silver was going to the Moon, I would not be reading a Miners ratings as such. Go look ... target down to $3.20 for HL.

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    • In the upside-down world of silver, record demand has translated in lower prices. There seems to be an adequate supply if you only look at Comex and LME inventory. It is the secondary miners that are giving silver away at the expense of the primary miners who need a good price. The bulk of the silver production is from the secondary miners.
      Silver has been going sideways with no discernible trend and this may go on for months on end.
      The best strategy is to accumulate silver over time and count on higher prices in the future.
      It is very difficult to determine when silver will move higher in earnest. $26 represents the great barrier that will need to be cleared and that does not seem to be imminent.
      Buy while we all have a gift to do so.

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