Most things I say will come to pass I underestimated how much support the fed would give to prop the markets and the naivity of the people who made so much to lock in gains but when the next several quarters earnings and revenues are announced you will see again I know what I am talking about
you coul dhave made 5% just today if you had listened to me yesterday....
Hecla Mining Co. (HL) -NYSE 5.35 Up 0.25(4.90%) 10:32AM EDT
35 easy in a few months...
all the defaults of bonds and debt and the negative interest rates plus the trillions in paper who are just realizing there is only 25 billion in silver available at any price !
Read this article search for it just released you trust Alan Greenspan don't you ?
Greenspan Warns “Early Days Of A Crisis,” Inflation Coming and Urges Return To Gold Standard
SBUX did not report yet...................
You are going to learn the lessons of your life with this overpriced bubble stock when they do..
21-Jul-16 Earnings announcement
Hecla Mining Co. (HL) -NYSE In Watchlist
5.10 Up 0.16(3.24%) Jun 30, 4:05PM EDT
Pre-Market : 5.24 Up 0.14 (2.75%) 8:05AM EDT - Nasdaq Real Time Price
He also warned about the massive entitlements and unfunded liabilities in the U.S. and western world. The
Search for the title of this post and read what Alan Says about Gold...
U.S. national debt is heading rapidly towards $19 trillion but the U.S. also has unfunded liabilities estimated to be between $100 trillion and $200 trillion.
“The issue is essentially that entitlements are legal issues. They have nothing to do with economics. You reach a certain age or you are ill or something of that nature and you are entitled to certain expenditures out of the budget without any reference to how it’s going to be funded. Where the productivity levels are now, we are lucky to get something even close to two percent annual growth rate. That annual growth rate of two percent is not adequate to finance the existing needs.”
“I don’t know how it’s going to resolve, but there’s going to be a crisis.”
He warns that the crisis will likely lead to inflation:
Finally, Greenspan advocates a return to the gold standard as a way to create financial, economic and monetary stability:
“If we went back on the gold standard and we adhered to the actual structure of the gold standard as it exited prior to 1913, we’d be fine. Remember that the period 1870 to 1913 was one of the most aggressive periods economically that we’ve had in the United States, and that was a golden period of the gold standard. I’m known as a gold bug and everyone laughs at me, but why do central banks own gold now?”
The defaults will leave the three largest insurers of Puerto Rico 's bonds on the hook for payments on the various securities they back. Assured Guaranty, Ambac and National, a wholly owned subsidiary of MBIA, collectively have more than $800 million in exposure to the total payments due Friday. The predominant exposure for two of the insurers is to the GO bonds—with Assured Guaranty and MBIA backing $196.5 million and $173 million, respectively.
Again for those who may not have seen my posts on GLD board here is the gold and SILVER price this am:
GOLD 07/01/2016 07:19 1334.50 1335.50 +12.80
SILVER 07/01/2016 07:18 19.19 19.29 +0.49 +2.65%
I am trying to educate you to protect your wealth before you lose fabulous once in a lifetime gains
created by 4.5 trillion in fed stimulus that has ended and will cause all of these high priced stocks to deflate..
Meanwhile gold and silver will continue to increase and astute investors could protect their wealth and gain more with gold and silver. It is not gold and silver that rise for the most part but the currencies losing purchasing power that is the issue. You will see I know what I am talking about as the US dollar starts a long drop and gold and silver denominated in dollars rises..
Yahoo won't let me go back more than 90 days that is why but here is a repost with my comments from the hecla board back in May
4users liked this postsusers disliked this posts1Reply
Repost for New HECLA Investors **18** Reasons that Hecla will be the BEST performer on the NYSE in 2016 !!!!!!!!
by kored35 • May 10, 2016 4:04 PM Remove
I made this call when hecla was 1.88 and closed at 1.98 so you can see I Know what I am talking about !
I bought at 1.65 and lower when others were selling !
Alert: for NEW Investors **18** Reasons that Hecla will be the BEST performer on the NYSE in 2016 !!!!!!!!
1. Balance of Gold and Silver
2. Massive Increases in Reserves
3. Increases in Production
4. Major mines in North America only
5. Low cost of production
6. Using contractors to make money from mine in Mexico this quarter !
7. Cash reserves
8. New Major shaft coming in 14 months
9. Bashed and downgraded by Cramer
10. Huge number of short shares
11. All of it's shares could be bought for less than 1,600 million or less than 1/5 the market cap of "trip advisor" for example less than the market cap of grubhub
When everyone or even a small pct of the money out there decides to buy silver and gold this stock will explode and I think this will happen when the fed announces a new QE within 12 months.
12. Buy low sell high overpriced stock market under priced miners..
13. Owner of possibly the largest undeveloped massive Copper and Silver mine in the US bought for pennies on the dollar 4 months ago !
15. Hitting higher grade gold and silver in mines
16. Cheap oil lowers costs !
17. Gold and SIlver have BOTTOMED and a new bull market has started in 2016 with gold up 5% while stock markets are down 6% ! Silver is very very cheap today and has a long long way to go
18. Hecla was 11 when silkver was in the 40's which I expect to see in the next 12 months.. Less
Today we see silver spiking and since I wrote this silver is up about 30% but it it still damn cheap compared to the tens of trillions of paper that looking for a 'SAFE' place to park wealth with NO COUNTER PARTY RISK
Today you see Puerto Rico Default many more to come this is a perfect example of Counter party risk. The bondholders will lose $$$. Now the FED has paid off everyone's losses for many years starting with long term capital AIG banks etc but they fed has run out of ammunition and can't pay the myriad of losses that are set to occur from this massive credit bubble the biggest in world history by any measure..
Did you see AH yet EUGENE ?
Did you see Silver break thru critical resistance at 19.00 ?
very interesting indeed !