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Gold/Mining/Energy : Hecla Mining(HL)
HL 16.97+0.9%3:59 PM EST

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To: Roebear who wrote (119)11/12/1997 1:29:00 PM
From: Terrence Von Holidae  Read Replies (2) of 629
 
Roebear:

I have no quarrel with the presented material's conclusion; he's right on the mark. We have enunciated such a scenario, although in a random fashion, for precisely the same reasons we believe precious-metals companies are now very attractive. Fortunately for us, we have chosen a company that has a very limited forward-sales program; indeed, it was one of the criteria considered at purchase. I want to enjoy the anticipated spike in gold prices that will herald the inception of its bull-run. I'd like to enjoy the rapid advance in stock price that will be reflected in those companies' whose production has not beeen hedged.
* * *

Aside from what has been said about the coming crisis, the calamity in the making, should it develop as many have anticipated, will not be a pleasant affair in any respects. Such events are very often socially painful, and politically disruptive to the current order of the world.

Yours, T.V.H.
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