Saul:
It is consistent with historical movements of particular markets that raw materials, commodities, precious metals, and the energy complex move in an inverse relationship to financial assets: stocks and bonds in general. The shift to hard-assets began with the oil complex approximately 2-3yrs. ago. It spread to much of the agricultural complex last year, and will begin to be played out in metals(including precious) late this year into next with greater alacrity.
Hecla is at 30+ year lows, has excellent liquidity, great management skilled in operating a company during a very difficult market enviorment for their product(the test during which many concerns with inferior management fail to survive), lower operating costs than many rivals($3.4 per ou. silver and $156 per ou. of au.), plenty of working capital, and an emerging commodities bull-market. The time to own the common is here.
I have accumulated some, and hope much more, very soon. The pendulum of favor is rising in this market.
Yours, T.V.H. |
