so thats not good !
I think anyone long should get out as this is being spun as positive only to keep the market from tankig 12.53 now watch next week where it is I bet in the 11.s or less...
Were you snookered again today ?
You are slowly losing your gains and will continue to do so imo due the reasons I gave you above..
You will remember you bashed this at 3.09 today April 8 2014 and I will reference this post when it goes over 5 6 7 8 9 10 etc to remind you. All of this will happen before the end of 2015
This is providing people with an opportunity to increase their positions in hecla at fantastic a entry point..
Downside risk is extremely low upside is huge..
As Warren Buffoon says:
When something you want gets cheaper in price be happy as you can get more of it...
First I want to tell you that Janet Yellen at the helm of the FED is the Best thing that could have happened for Gold Silver and Mining stocks.
This is why smart money is piling into them at this time especially since they are so beaten down.
Hecla for example (which I own) was 11 when gold was 1800 and silver was 40 now it's 3.10 and get this:
Hecla is the largest silver producer in the US with 26% of US output in 2013 and massive reserves
Hecla has doubled it's reserves since it was priced at 11 per share and added significant gold
Hecla has it's main mines ONLY in US and Canada so can't get them taxed or nationalized (at least today..)
Hecla has a large number of short shares so could have a short squeeze easily
Hecla just bought a large GOLD mine in Canada from Aurizon making it a gold and silver miner
Hecla pays a dividend linked to the price of silver
Hecla insiders are buying it's shares on the open market see Yahoo insider transactions link
Hecla (all shares) could be bought for only 1.1 billion the amount the fed prints every 12 HOURS !
Fed never going to stop printing; while physical is best HL one of the best leveraged plays to gold and silver imo.
Go to their web site and on the right click and see their impressive presentation showing mines and reserves !
I firmly believe that Hecla is going to have a much higher return this year than the overpriced dow and S&P
There is a tremendous amount of money being created and when even a tiny percentage realizes whats going on with the debasing of the dollar and buys these stocks they will be be up 5 to 10 times or more their current price.
You see social media stock like trip yelp etc go up 4 or 5 times think it won't happen to this one and this one has all of the best properties of a miner as shown above. Candy Crush has 5 billon market cap hl will be 15/share when people realize the value of gold and silver over paper that can be created out of thin air in infinite quantities !
see zach article on it
I expect an appearance by the fed with their checkbook visible today
Thats why pros already front running gold with one hand as the bash it with another
Thats all in the past. The last 2 months credit card use declined !
So the growth for V will decline and so will it's overpriced stock imo
Emerging market gold imports rose over the February and March timeframes, says HSBC. The bank says China’s net gold imports from Hong Kong rose to 109 metric tons in February versus 61 tons in February 2013, according to data from the Hong Kong Census and Statistics Department. HSBC also notes a story by Bloomberg, which said Indian gold imports were 69.6 tons in March after imports of 33 tons of gold in February. Out of Turkey, HSBC cites the Istanbul Gold Exchange overview of Turkey’s gold imports, which were 2.0 tons in March, up from 1.3 tons in February. “The increase in gold imports, most notably from the emerging markets, is an indicator of continued strong physical demand for bullion…. gold’s price drop to sub $1,300 (an ounce) at the end of March from the year-to-day high of $1,392/oz in mid-March helps explain the increase in gold imports,” HSBC says.
This is taking way too much time for me !
I could spend 4 hours her day just reacting to the linked in messages telling me what to do !
do you still do what they tell you to do ?
Revolving credit dropped 3.4% in percentage terms !
How is visa going to gain 10% growth is the use of credit cards is dropping 3.4% ?
Mean while, revo lving credit, which largely reflects credit card debt, dipped USD2.4 billion in Feb ruary after edging down by USD0.2 billion in the pre vious month.
I tried to warn you but you bashed me !
now with huge competition coming in to this business the total pie is now shrinking...
Meanwhile, revolving credit, which largely reflects credit card debt, dipped USD2.4 billion in February after edging down by USD0.2 billion in the previous month.
Alert: Credit card use **Declines** for Second month at an increasing rate
this picture ?
I will say within 2 years these market cap will be reversed
And then Hecla will still be very undervalued
Do you disagree ?
for the price of 1 carton of cigarettes or 1 mcdonalds lunch or 7 lbs of apples I could go on but with the trillions of paper dollard being created out of thin air upside for silver is huge downside is very low to nill
search for the reuters article entitled Retailers push into crowded mobile payment market
many investors in V MS AXP etc are unaware of the competition that is taking market share from these companies lowering their transaction volumes and will force them to lower their fees
There is no stopping them they are here now not in the future that is why V is getting hammered and AXP is on deck..
I made this prediction when v was 226 now you are starting to see I know what i'm talking about.
Did you see the article over the weekend about payment processing systems they are actually saying the space is overcrowded those of you who thought this was years in the future are sadly mistaken.
Read the article see why V is headed lower. I tried to warn you but I was bashed more than 20 times and only 1 thumbs up.