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Hecla Mining Co. Message Board

  • clubfoolish clubfoolish May 20, 2013 10:28 AM Flag

    just bought more physical

    outrageous firesale spot prices, based on thinly traded, huge volume paper dump attack, on the open in Hong Kong last night.

    just bought another small pile of lose in a future boating accident.
    long delay in shipping, but I locked a great price and even used a credit card this time! I haven't been able to buy phys this low since summer 2010 !

    Zero available at my local coin shop, unfortunately, since they were cleaned out several weeks ago and no one is selling to them for replenishment supply.

    The miners are holding up...maybe the hedgies see a bounce coming in paper prices shortly?

    Sentiment: Strong Buy

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    • I missed it this morning. i wasn't looking until later this afternoon. good buy, I think.
      no worry about the long term, but i'm not sure at all anymore what they're going to do to us in the short term.

      Sentiment: Strong Buy

    • Laxitive pill??? 10/100 !! nr. 2 exit!!

      Sentiment: Hold

    • Hey, CF - good move. I think we may be close to "max pain" with HL.

      Look what the big boys are up to:

      "While mainstream news sources continue the war against gold and gold-related investments, three of the world’s top performing hedge fund managers have been busy at work building speculative gold positions during the first quarter.

      George Soros, John Paulson, and Steve Cohen, who in aggregate control over $60 billion dollars, have been aggressively buying the most speculative vehicles associated with gold: call options on gold mining stocks.

      Starting out with, George Soros, billionaire financier and chairman of Soros Fund Manangement LLC, was the target of bearish gold commentary this week issued by Bloomberg. While Bloomberg journalists correctly reported that he’s been cutting his stake in gold, what they failed to mention (which was articulated here on May 16th), was how he reallocated the proceeds.

      Soros indeed cut his stake in the GLD gold fund by about $2.5mm—a paltry sum, especially given the fact that he simultaneously purchased a massive $25mm in call options on the GDXJ Junior Gold Miners Index. This purchase outweighs the physical gold sale by a factor of 10—suggesting he expects much greater gains ahead to be had in the junior mining stocks."

      From "Bull Market Thinking" blog, May 18, 2013


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