Did you see retailers Express, Pacific Sunwear and Annies this am ?
EXPR PSUN BNNY
and I understand consumer spending FELL in April see the story (if you can find it...)
after staples urban outfitters aeropostale american eagle etc I think a pattern is emerging..
I normally prefer PSLV to any miner but Hecla I think is very underpriced.
They are making profits now small but will be huge when silver rises and this gives me some exposure to gold also.
Hecla divident will AUTOMATICALLY increase for each 5 dollar silver price rise.
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 15 HOURS even now !
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 ?
This one has all of the best properties of a miner as shown above
I will reference this post in the future to show you how much money you could have made if you bought hecla today.
If you are reading this and bought Hecla today you would be making a fantastic investment in a hugely underpriced company Here are some facts that cannot be refuted about Hecla today at 3.12:
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 fer example (which I own) was 11 when gold was 1800 and silver was 40 now it's 3.12 and get this:
Hecla is the largest silver produced in US with 26% of US output in 2013 and massive reserves
Hecla has it's 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
The housing market has collapsed in the last 30 days. The mortgage bankers index of applications for refis and purchases is now at 14 year low reproted this wednesday. This means home sales existing as well as new will be much lower than expected as will home depot 3M dupont etc earnings and revenues..
Watch how fast the fed does an about face and delays the taper..
I will reference this post in the next 60 days or less when they do to remind you...
Of course by then hecla will be 5 6 7 ?
I firmly believe the tapering will be delayed when the market falls a little under 16,000 and those that have accumulated the most physical gold and silver as well as high quality miners will make tremendous profits.
This is not a long term wait this is a 60-90 day wait at best as the banks can't take the stimulus going down to nothing buy September..
When the weak data comes in and the talk comes to delaying the taper this stock will surge...
if there is a financial armagedon which I feel is a distinct possibility this is going to be the best performing stock on the NYSE IMO.
They have more than double the reserves of gold and silver since 2011 when it was 11.00 per share.
All we need are rising gold and silver and I think we saw key reversals for these in the past 2 days..
ALERT: Missed Revenues by a CATASTROPHIC $1,130,000,000 ! That's 1.13 billion folks !
$8.23 is what revenues were vs 9.36 analyst estimates that is a staggering miss on the top line masked by
earnings numbers... This is not being widely reported to enable pros to get out before dumb retailers...
going forward is very favorable as trillions of dollars look to find a safe home...
Revenues of dow stocks are negative or up 1% at best yet pe ratios are near 20.
This overpriced fed propped market is topped imo.
It will stay at this level or drift lower for years at best IMO.
The fed is cutting the stimulus removing the punch bowl amazingly most are oblivious to the actions having been conditioned for nearly 5 years that stocks only go up..
Like the people buying houses in 2006 most will learn the lesson the hard way..
With their wallets...
Hecla market cap will easily exceed 5 billion in 36 months or less as the overall market drops or stays flat at best..
This is because hecla has a massive amount of a finite material that is the only true money and where it took 1300 pieces of paper to buy 1 oz of the real material it will soon take 1500 pieces of paper then 2000 to buy it as it is printed in infinite amounts..
Silver Speculator good luck to you !
I have 15K available on Tuesday to invest. So I am thinking if it goes down i may buy it if it goes up too much I will probably buy PSLV GLTA except silver spec lol
I was bashed here but I see now thousands of people affected by this wifi problem !
Apple needs to repair or replace these phones that are defective or won't run properly with ios 7 !