Be careful what you wish for. Just look south to Mexico where whole towns are terrorized by the powerful drug cartels and gangs.
I own about 5000 shares of CEF. My only concern is the taxes. Will capital gains tax be the 15% or 28% ? I'm hoping 15%, but I have not filed any forms. Maybe the fact that this is a closed end fund will mean 15%.
IAG has a billion dollars in the bank and no debt. Their book value alone is almost $10 per share. Wow! They have a steady income flow and sell all of their gold and silver.
I think this stock price will go right back up.
I'm hoping I can qualify for a regular long term capital gains tax of 15%. I hope I don't get taxed 28% because it is a collectable. Closed end funds seem to qualify for the 15%.
Open interest for Jan. $6 calls is a staggering 86,000 contracts and is also very high for the $5 calls. So I need help as to what this could mean for future price. Will it be a short squeez or will the options writers keep HL artificially low on purpose?
40 cents of every dollar spent is borrowed. We are printing money. Deflation lowers tax revenue. I see the price of gold rising if deflation occurs and also rising if inflation occurs, but for different reasons. Either way gold will be rising. The evil empire is just grabbing all they can before gold goes up again.
I noticed that open interest on this day is 31,034 for the right to buy HL at $2.50 per share. Can anyone elaborate for me the significance of this. It seems like such a huge number of contracts guaranteeing the right to buy at a very low price.
Silver is bound to recover from these lows and it wouldn't surprise me if Silver wheaton waits a few weeks or so before putting any more silver on the market.
Sure, I could be wrong about miners holding onto their metal. I just got to thinking that Hecla has plenty of cash on hand and most likely the price of silver will recover in the next few weeks.
I'm pretty sure that Hecla and other silver miners will just hold onto the silver they mine until prices go back up.
Silver and gold prices are being artificially driven down with tactics like margin increases. Miners know this and will be unwilling to sell at these pitiful prices.
Less silver and gold will be coming to market and this will help prices go back up.
If people start looting because of government failure, no amount of silver will help. Stores will close and gas station will not have gas. Very dangerous on the streets because of hungry gangs.
Hecla did ok today, but perhaps was held down some. Then, in A.H. trading, a block of 700K shares went through. Wow! I can't help but wonder if someone knows something. And where did that many shares come from so quickly? Were these shares being sandbagged during the day? It all points to an uptrend for Hecla.