Hecla Mining(HL) Message Board

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Gold/Mining/Energy : Hecla Mining(HL)

HL 16.97

+0.9%

Dec 5 9:30 AM EST

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To: Roebear who wrote (79)	10/1/1997 2:00:00 PM
From: Terrence Von Holidae	of 629

Roebear: My presumption is any thing that has a run-up in price as dramatic as has been the case for silver is vulnerable to quick, but short- lived steps backward. I don't suspect any pullback to persist in duration, however. These episodes of weakness should be viewed in that context and used to increase exposure to the long-side. El Nino, because of its dramatic nature this time around, may well produce unanticipated climate changes with consequences yet unseen. While the biggest damage is already being felt in Indonesia, China, Chile and Australia, the West Coast is in for some chaos here in the USA. I do not pretend to understand it, but in addition to other seminal events occuring to impact markets, the impact upon the precious metals markets should be favorable. Yours, T. V. H.

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