See all the negative gold articles today ?
this means buy as much gold as you can afford !!!!!!!!!!
He bought a ton of shares of hecla on the open market some over 7.00 share so I am quite sure he wants to see the stock rise as much as I do..
This is why SHULMAN DOES NOT KNOW I BET HE DOES NOT KNOW ABOUT THIS:
Will Mexican Mining Tax Curb Silver Supply?
Late last month, the upper house of the Mexican Congress approved a new mining royalty tax. The Mexican mining tax would provide for a royalty of up to 7.5% on mining profits, plus a 0.5% tax on mining revenue.
Mexico, the largest silver producer in the world, is home to such mining companies as First Majestic (AG), Endeavor Silver (EXK), Alexco Resources (AXU), Auricana (AUNFF), Great Panther (GPL), Pan American Silver Corp (PAAS) and Silver Standard Resources (SSRI).
Mexico is also one of the largest gold producing countries in the world with GoldCorp (GG) having a large gold mine in the country. Junior gold miners Newstrike Capital (NES.V) and Westridge Resources (WST.V) also have presences in Mexico.
Yes you are right I am not used to seeing the large numbers like 6.80 most of the ones I have dealt with were like .06
at least thats what they look like after I buy them lol...
Thats 136,000 not 13.6 million as it is 20,000 at 6.80 each
but thats a big bet nevertheless and someone could become a millionaire with a bet like that..
which do you think is worth more ?
Randgold was upgraded:
Can't wait to see the action in the next 72 hours....
Miners, banks lead FTSE 100 to second day of gains
By Sara Sjolin, MarketWatch
LONDON (MarketWatch) — Resource firms posted some of the biggest gains in London on Monday as they advanced alongside rising commodity prices, while Hammerson PLC climbed after a well-received earnings report.
The FTSE 100 index UK:UKX +1.09% rose 1.1% to close at 6,736.00, marking a second-straight day of gains.
Mining firms and energy companies were also among major advancers, as both oil prices and most metals prices moved higher. Shares of oil major BP PLC UK:BP +0.27% BP +0.74% picked up 0.3%, BG Group PLC UK:BG +1.12% rose 1.1%, and Royal Dutch Shell PLC UK:RDSB +0.61% RDS.B +0.72% advanced 0.6%.
Among miners, shares of Randgold Resources Ltd. UK:RRS +1.74% gained 1.7% after Citigroup lifted the company to neutral from sell. The analysts said valuations for gold miners have improved as the price of gold is stabilizing.
Multiply 10 million oz silver X 22 = 220 million
180,000 oz gold X1300 = 234
That' 454 million NOT counting the zinc and lead revenuess..
If Silver and gold continue to rise this stock will fly...
For the full year 2014, based on current metals prices, the Company expects:
Cash cost, after by-product
credits, per silver/gold ounce1 SILVER GOLD COST
Greens Creek 6.5 – 7.0 55,000 $6.00
Lucky Friday 3.0 n/a $9.00
Casa Berardi n/a 125,000 $900 per gold oz
Company-wide 9.5 – 10.0 180,000 N/A
2014E capital expenditures (excluding capitalized interest) $150 million
2014E pre-development and exploration expenditures $18 million
Hecla had a LOSS last quarter and it went up.
Does this mean if it reports a PROFIT greater than expected it will go down ?
Although anything is possible in these manipulated markets I have to think with silver rising strongly
That tomorrow and wed are going to be very interesting to watch.
I am holding through earnings as I believe this is too cheap to sell and if it runs up you can never get those shares back. Besides I think slightly under 10 is where the stock will trade in 2014..
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 3.47 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
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 10 HOURS !
Don't believe it's a good buy now ?
Silver is down over 3% and gold is down more than 10.00 but Hecla is green or close to it at this time.
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
Hecla in particular is going to have a very interesting week as the market is closed today but they report on Wednesday leaaving only 1 day for a huge number of shorts to cover (almost 10% of entire float)
so watch hecla tomorrow should be interesting...
Some people are finally starting to realize whats going on.. Gold 3000 per oz is coming..
Hecla's CEO Discusses Q3 2013 Results - Earnings Call Transcript
Nov. 5, 2013 3:58 PM ET | About: HL
We have advanced all three of our pre-development projects this year and we will evaluate each of them in the context of a larger and more diversified Hecla and determine which of the company’s pre-development projects has the greatest potential to generate value for shareholders relative to our other opportunities.
I will now pass the call back to Phil for some closing comments.
Phil Baker - President and CEO
Thanks, Dean. We have come a long way from where we were at the beginning of 2012. The Lucky Friday mine production is ramping up and it’s costs falling as expected -- our investment in Greens Creek has resulted in a strong consistent performance of a mine that is world class.
We acquired Aurizon and immigration to Casa Berardi is underway where we are starting to see the challenges at the mine becoming an opportunity to deliver the same sort of long-term value the Greens Creek and Lucky Friday provide.
We expect to see production increases in the fourth quarter and costs come down accordingly. And the fourth quarter should be our strongest quarter on all fronts.
The current precious metals price, I am sorry, the current precious metals environment highlights the importance of having a low-cost efficient, long life operations and low political risk jurisdictions.
I firmly believe Hecla has among the best suite of assets in precious metal space to weather lower prices, which is why the assets have operated for decades. But it is not lower prices that we expect. We expect higher prices just in the past as prices rise Hecla will be among the best performing companies on the New York Stock Exchange.
With that, Operator, we will open the line for questions.
Wait for the last 15 minutes as shorts scramble to cover they will only have 1 day left to cover if they don't do so today and can you imagine if silver is up strongly tuesday they will be totally trapped until after blowout earnings...