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Hecla Mining Co. Message Board

  • thunderchiefvxxx thunderchiefvxxx Feb 11, 2011 11:42 AM Flag

    yippee mubarak is out...

    And the military is in!!! Let Liberty ring!! Sell your silver...we are going party like its 1999..problem solved...silver eagles will be worth one dollar...just like they say on the coin face.

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    • Are u f...ed in the head?
      Since when does army bring liberty? Especially in Middle East and South America?

      Egyptians are not getting anything good out of it, mark my words.

      Oh well, just another change of puppets.


      • 1 Reply to MaoliNiele
      • Thats exactly right. Is there really liberty? Mubarek is still in control through the vice president Suleiman. The people who protested will see there is no change, no freedoms, high unemployment and rising inflation. Welcome to modern day capitalism Egypt. You thought you voted for change by protesting but you will soon see that nothing has changed at all.

    • Well, what we do know is that people are trading on emotion and not fundamentals. lets look at a few reactions to Mubarak stepping down.

      People bought the US dollar....they are going into a currency that has been losing value and purchasing power in place of PM' which store wealth

      People have sold their Hecla stock.....Is that the right move? If silver and gold stay at current prices, hecla will make $.72-$.76 EPS for 2011. That would be a 13 P/E
      for 2011. We are selling at over a 30 P/e now. If we sell at a 30 P/E at the end of 2011 with current PM prices , hecla will sell for over $21.00 a share

      So what we have are people giving up Hecla when they are going to report record earnings in 3 days in favor of the US dollar which will have to come down at least another 10% for unemployment to get better

      People need to think their investment over a bit. The new govt in Egypt hasn't even said what their position is on Israel. We don't know if other countries will follow suit with protesters. Will it be peaceful like Egypt or could oil fields be in jeopardy.

      Finally, nothing changed in the USA. Record budget deficit, high unemployment, 27% of people who own homes are upside down with the mortgage more than the value of the house. Inflation in food, gasoline, insurance.

      Before everyone gets too giddy, stop and think. I myself can wait 3 more days and see what the reaction will be to blowout earnings

      • 4 Replies to mocwwwrb
      • It really is amazing how people react in such a knee jerk fashion. The dangerous part of the Egyptian episode hasnt ended, its just beginning.

        Not to mention that even if the outcome is good, it doesnt nullify whats happening right here in the good ol US of A.

      • moc,

        There you go being logical again! :-) I continue to firmly believe that my patience with Hecla will eventually pay off. The market may continue to ignore Hecla's fundamentals, but I will not. We witnessed Hecla being stuck for months in a $5.00 trading range last year before it leaped up to over $11.00 by the end of the year. I expect to see similiar behavior again this year as silver prices rise in reaction to the ongoing debasement of our currency. GLTU as always. SS

      • The strange thing about the miners selling-off is that they rallied at the news that Mubarak was stepping down. As soon as he did...BAM Bat Man, sell-off. I can't take much more, makes no sense.

    • Wonderful..... Not!!!

      All the miner tanked with the news.


    • I hope it turns out well, but I can't help but think this is going to be very bad for American interest in the Middle East. The IMF just called for an alternative to the dullar as the world reserve currency. We are becoming a slow motion train wreck. How will this effect silver next week?

    • Now if we could only get our President to step down...LOL

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