(If we see 20-22 in 8 weeks hecla should we well on it's way to 7...)
But if you’re a gold bull, the next thing you buy ought to be silver, says Michael Purves, chief global strategist and head of equity derivatives research at brokerage Weeden & Co. Silver prices were a bit late to join the 2016 rally and the most recent leg higher for gold prices have left silver behind. Purves is bullish on gold, but says to watch for a a technical pullback in precious metals and then to focus on silver because the usual relationship between gold and silver is out of whack:
“Silver is currently overextended, but after some consolidation, we believe will reach $21 – $22/oz within the next eight weeks, and quite possibly sooner. …
Particularly important to the silver’s price action is the trend in the gold/silver ratio. This tends to decline in favor of silver only once gold has been a major bullish trend. But the extremes in this ratio reached during the gold and silver lows earlier this year have set the table for the a substantial decline in the gold/silver ratio, which should result in disproportionate gains in silver.
To put this in perspective, if gold prices are held constant and the gold/silver ratio were to fall from the current 70 level to the 60 level, this would imply $22/oz for silver.”
Silver contracts closed Thursday at around $18.87 an ounce. The SPDR Gold Shares (GLD) added 0.5% to $126.47 and iShares Silver Trust (SLV) shot up 2.9% to $17.87.
getting close to 19 !!!!!!!!!!!!!!!!!! big move for hecla 50 cents per share X 14 million shares = 7 million profit just on todays move....
they bought Casa Berardi !
It hit 11 in 2011 with GReens Creek but without CASA BERARDI (GOLD)
now we have tripled or quadrupled reserves and production with an app doubling of the share price.
A major expansion of Lucky Friday high grade ore is coming in 2017..
This stock has a long long way to go up from here IMO. It will explode when silver breaks 20.00/oz...
I said a squeeze would occur not that it happened
I even told you when it does there will be HUGE volume and a jump over 10% in the share price.
It has not happened yet but it will IMO...
Hecla Mining Co. (HL) -NYSE 5.08 Up 0.14(2.83%) 3:06PM EDT
are you starting to understand that I know what I am talking about ?
nine hundred pct what are you talking about ?
1.52 to 4.35 is 286% your handle does not equate to your brain power apparently
by the way that gain is now 332% !!!
were you snookered by cramer ?
look at my hecla flying again today up huge in past 2 weeks
got any silver or gold ?
bet you don't except for your gold cards....
That's a lot of shares !
DO NOT SELL your shares and FORCE THE SHORTS to PAY MUCH MORE FOR HECLA SHARES To COVER THEIR POSITIONS !!
Shares Short (prior month)3: 38.41M
I said Longs only not YOU SS and Shulman Knows !!
I was pleasantly surprised by the latest SHORT shares update just released today !
I was thinking that many shorts had covered weakening the short covering rally but that is not the case !
These shorts only covered 1% of the 11% short shares leaving 10% still short !!
Talk about stubborn refusal to accept reality that precious metals have reversed and are moving back up from an extremely low level especially SILVER !
Buy HECLA as MUCH as you can afford at 5.00 when this short covering event occurs you will make big $$
Shares Short (as of Jun 15, 2016) 35.65M
Hecla Mining Co. (HL) -NYSE *****5.06**** Up 0.12(2.43%) 2:39PM EDT - Nasdaq Real Time Price
Joey and mr Costco you know why SBUX is cutting hours ?
do you think it is because they are going to exceed earnings numbers or miss them...
You can bring a horse to water but you can't make them drink unless it is a double latte...
Starbucks workers petition for more hours amid labor cuts
A Starbucks logo on a store in Los Angeles .
A Starbucks logo on a store in Los Angeles, California, March 10, 2015. REUTERS/Lucy Nicholson
By Lisa Baertlein
LOS ANGELES (Reuters) - Nearly 9,000 Starbucks Corp workers and supporters have signed an online petition saying that the company has made "extreme labor cuts" at U.S. cafes, hurting employee morale as well as customer service.
Starbucks Corporation (SBUX) 56.91 Up 0.17(0.30%)
lament or regret not being in when this event occurs as a huge surge in silver prices may start when the markets are closed here and hecla could gap up huge at the open...
many will be snookered by the pros who lower the gold and silver prices temporarily with paper and cause the miners to drop they buy the shares then the prices magically go higher again...
If you think I am going to get out of SILVER at a price of 18.xx per oz at this time you are insane or you are SS
upside is HUGE !
downside is LOW LOW LOW !
double the pct you are making with sbux is making at the moment...
This after massive gains....
Or maybe SS prefers ALASKA ?
Greens Creek mine on Admiralty Island, Alaska
To apply for current job openings at Greens Creek, unless otherwise specified, please contact your local Job Center for information, or complete a Hecla Greens Creek Application and submit it to the Juneau Job Center. If you are interested in more than one position, a separate application must be submitted for each posted position, unless otherwise noted.
Listings updated June 29, 2016
Applications may be delivered to:
State of Alaska, Juneau Job Center
10002 Glacier Hwy. Suite 100
Juneau, AK 99801-8569
or faxed to the State of Alaska, Juneau Job Center, at 907.465.2984
Greens Creek is currently recruiting for the following position(s):
Civil Engineer (open until filled)
Electrical and Instrumentation Technician (open until filled)
Heavy Diesel/Mobile Maintenance Mechanic (open until filled)
Materials Coordinator (open until filled)
Staff Accountant (open until filled)
Underground Electrician (open until filled)