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Gold/Mining/Energy : Hecla Mining(HL)
HL 22.52-14.4%Jan 30 3:59 PM EST

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To: Bilow who wrote (91)10/16/1997 10:38:00 PM
From: Roebear   of 629
 
Hi Carl,
One of these days HL is going to take off because of silvers fundamentals and that constant year after year drain in inventories.
I just don't think its going to be tomorrow. After the CB sales are over (if there are any) gold could also on account of activities related to the EMU or a spread of currency crisis. It will take something substantial to get the general public into gold shares again as right now everyone is still running with the bull and the old Au is out of favor.
The trouble with these metals is there is very little warning either way up or down and if you are not there you will miss some good movement, a chance I guess we are both taking right now. Of course a real bull will have more than one days actions but as I have said I do not see that in the immediate future.
BTW did you hear about the Canadian Mounty, a .9999 fine one ounce gold piece with a guaranteed redemption of (a face value I believe) $310 US? Sounds almost too good to be true, doesn't it. They will be out soon and I need more info on where to get some. Kind of sounds like the Canucks have some faith in a bottom dollar for gold.

Time for me to quit being a mouse potatoe and get some work done before I watch charts on the back of me eyelids.

Happy Trading

Roebear
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