in one day...wow!what is the reason...just because the Dow is down 300 points...silver only slightly down,.,first time in months...HL down 17%
it shows you the strength of slv and the weakness of HL. SLV is a 13 dollar stock and goes down 7 cents and we are a 1 stock and we go down 26 cents. Stock is toast. Now I am just looking to break even. I need the HL back to 1.65 and I am history.
good- once you are out we can finally move upevery time the banks get crushed so will HL because they are dependent on finding financing unless silver, lead and zinc rally. The fundamentals are solid- costs are dropping dramatically while the metals hold-which means all of the selling in the mining shares is LIQUIDITY driven and not based on fundamentals.Name another industry where their revenues are constant (or rising) and costs are droppingThe drop in the HUI and XAU is RIDICULOUS- it is from investors selling their winners to pay for their underwater losers. Hence the opportunity