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Hecla Mining Co. Message Board

  • arizona_guy77 arizona_guy77 Jul 5, 2013 9:09 AM Flag

    Silver tanking

    Here how it seems to go. Goood job report numbers or andy good economic news- silver tanks. Fed talks of ending QE3- silver tanks. Its amazing the dollars keeps going up when you thin it should be devalued. It seems the big silver bumb will never come. uugghh.

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    • I think it hit the low at 18.20 on May 27th, and has been basing for the next run up ever since. Another week or two of basing and it should start rising, and continue rising into the fall and winter. Silver more so than gold, but gold as well.
      Great time to buy, and I'm on the prowl for more fiat to physical silver conversion at my local sources, which are mostly tapped out of anything physical at any price. got another 100 ozs last week at amazing prices.

      For the rest of this year, I'm looking at a minimal double for silver spot (to over $37), and possibly a triple (to over $55) by about new year's day or so..

      let the assorted oddball crackpots come out and leave their drivel here now, while everyone of the sane and forward-thinking ilk continues to stack at these bargain basement, artificially suppressed and likely never-to-be-seen-again spot prices.

      Oh, and buying HL under $3 is as no-brainer as you're going to get...ever, in any sector.

      Sentiment: Strong Buy

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