value of the silver in them is a ridiculous 195.00 at today's prices !
But the athletes value this like nothing else !
For some reason though everyone thinks paper is fine and would rather have 195 dollars in paper money than they would 13 troy oz of silver..
think about that....
you can buy some more silver eagles that 10 for 170 that's something to tell your children about in a few years...
The silver lining of this fed/central banks/crimex/papersilver/etf distortions is that it has ENABLED people such as myself to buy far more shares than I could have ever owned if this did not occur.
Smart money would be buying at this level as much as they can amazing 198.00 for 100 shares of helca stock. It has so much silver and gold and lead and zinc and copper reserves that is real eventually it will pay off big fortunately for me I have some time to wait.
I can't shoot the messenger for having contrarian views to yours but I will rub it in plenty when hecla hits over 10.00 per share... He says never I say in 12 months to 5.00 24 months to 10.00..
I have a lot of respect for Seasonedspecc in that he has been CORRECT or more correct than anyone on these boards including me for several YEARS now. It may be that it is better to be lucky than smart but he has been correct for whatever reason. It is beyond logic to me why silver has been able to get to this level but SS has called it correctly. So that being said where do we go from here ?
When you can buy 2 lbs of steak or a silver eagle for the same price (17.00) we have to be near bottom...
I told people before I have used this opportunity to get more shares at lower prices reducing the risk of owning the shares enabling me to take these mind numbing moves down in stride.
In actuality the stock is LEVERAGED to silver and gold so that moves in the metal prices have resulted in massive moves of the stock in proportion. Now everyone says 1000 may be breached for gold and who knows what for silver. I am prepared to ride it out as this is going to set the bottom and enable the next new highs so many pros say. Now the fed has been in control for all of this time and distorted reality imo and also convinced most retail investors to stay out of this market and it has paid off handsomely for them (Just as SS says) but I am sticking to my guns that soon we will have a huge move upward for silver and gold. There is just too much paper money out there vs silver only about 19 billion worth which is a joke compared to the paper available to buy it. Hecla is not going to go under and I am going to patiently await it's move to the double digits and reap the rewards. The end game is coming closer with rising rates and warnings from all the retailers against a market that keeps rising it is going to be an interesting few years going forward but I can't see a better place to be than this. One more thing I want to say is I once owned a lot of silver and sold it to pay off my house at about 9.00 oz only to watch it hit the 40's that is going to happen again for sure..
Stage Stores (SSI) is also collapsing this is further proof if you are in doubt about this massive slowdonw in retail sales in any way
Also see Stage Stores SSI if you are still in doubt about this implosion in retail sales..
this mean do you think about the axp revenues for next quarter
see BONT KIRK to verify my statements.
see what they say about guidance for next qtr..
this imply as to the health of the retail consumer and resultant V transactions ?
(KIRK BONT) Look you won't believe it ie the magnitude of the drops !
world and today the stock continues to fall to it's 52 weeklow (SPLS)
staples is the axp blue small business customer this is axp...
lows as we speak !
agreed the consumer is DECREASING spending on ELECTRONICS
if you disagree
ARE YOU PLANNING TO SPEND MORE ON SMARTPHONES THIS YEAR THAN LAST ?
Actually Hecla has 174 mil in cash since they lost about 2 mil last quarter you do the math how long they could last but I don;t think it will be much longer until silver is well over 25/oz
Book Value of Hecla is 3.71 per share by the way from yahoo statistics link
Total Cash (mrq): 174.45M
Total Cash Per Share (mrq): 0.46
Total Debt (mrq): 522.24M
Total Debt/Equity (mrq): 37.26
Current Ratio (mrq): 2.32
Book Value Per Share (mrq): 3.71
Hecla is not Highly Leveraged they have only 350 million in debt while they have 243 million in cash and operating near break even levels. With the opening of the mexican operation run entirely with contractors that should bring in more cash they can survive for a very long time with this situation and on top of this they can cut capex if they have to. So I would say that if you think silver is dirt cheap as I do where today you can buy silver eagles for 17.xx then it has nowhere to go but up...
In addition I see warnings left and right from retailers
Macys Nordtroms CVS Staples
Today Best Buy tanking on warning lowered guidance (BBY)
and Health care Pharma which has held up the market is tanking see UNited Healtcare dow component warned this morning and Tenet is tanking huge (UNH THC) community healcare also lowered guidance all the big ones !
the container ships tanked huge this week and last like eagle and star and diana as so little stuff is coming here from China which means this charade of raising rates will be very short lived and in the fed notes thay are already hinting at additional stimulus. People selling now are crazy IMO
it continues to fall hitting multi year lows
this can't be good news for mmm can it ?
And did you see Tenet Health care and UNITED Healthcare and Community Health care all LOWERED guidance and TENET UNITED is tanking now (THC UNH SPLS) see what staples says about next qtr below:
Staples Inc. SPLS, a leading retailer of office products and services, released third-quarter fiscal 2015 results, wherein adjusted earnings of 35 cents per share came in line with the Zacks Consensus Estimate but fell 5.4% year over year.
For the fourth quarter, the company guided sales to **FALL** compared with the prior-year quarter
Anyone know ???
healthcare lowere guidance last week !
(THC UNH) look I dare you !
this can't be good for JNJ can it ?
Tennet tanking HUGE right now (THC) Look UNH will also fall similarly I predict !
Nov 2 (Reuters) - Hospital operators Tenet Healthcare Corp and Community Health Systems on Monday reported weaker quarterly earnings than a year ago as insurance enrollment slowed in the second year of the Affordable Care Act.
Tenet, the third-largest U.S. for-profit hospital chain, posted a third-quarter net loss, while No. 2 Community Health said net profit declined 16 percent from a year ago.
Tenet's shares slipped about 3 percent in after-hours trading. Shares of Community Health, which last month warned of an earnings shortfall, also slumped about 3 percent after hours.
95 was the 52 week low and this was BEFORE THE MASIVE WARNING so why should this not test 95 again ?