Hecla Mining(HL) Message Board

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Gold/Mining/Energy : Hecla Mining(HL)

HL 23.13

-1.4%

Feb 4 3:59 PM EST

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To: Bobby Yellin who wrote (62)	9/10/1997 3:29:00 PM
From: Terrence Von Holidae	of 629

Bobby: Historically, the ratio between the cost of an ou. of silver and the cost of an ou. of au. narrows in advance of a more general upward move by the entire industry. You are on target when you speculate silver may move in advance of au.; indeed, the ratio has been narrowing over the past several weeks. We may be in the first leg of the precious metals bull move. Technically, Hecla looks very attractive; I cannot find an indicator or parameter that does not show it is very oversold or has begun a moving average (MACD) bullish trend, especially on a monthly or weekly- time frame. As with the initial bull-market advance in financials, Nov.'82-Jun.'83, most were caught unaware, or refused to believe it was durable. So it is today, as many will be caught unaware or refuse to accept the metals bull-market we see beginning now. I will continue to accumulate Hecla on weakness, although that condition may not persist too much longer. Yours, T.V.H.

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