Glad I emailed Barron's - I hope they read it. In this weekend's Barron's, they had a 2 page piece on silver. They mentioned Hecla, but said "It should be noted there are no stock pure plays on silver". That, in a nutshell, is our problem. I have no doubt the awareness level will pick up though; broker recommendations are a certainty, whether from a major firm or a minor one.
For those thinking this is another false start, I don't think I'm sticking my neck out when I say that's a very bad misread. Warren has changed the whole ballgame overnight, and the folks worrying about when he dumps are definitely half-empty thinkers. He has yet to even take delivery on almost 1/3 of his position, and that will keep the market scrambling through March. In addition, with gold & copper both in deep slumps, there's little that can turn around the supply/demand deficit in the near future. Anybody who thinks Warren will use sell stops, or panic sell into a decline is mistaken; that's just not his style. Aside from Warren, no-one else has enough metal to drive this market down, and with lease rates over 50%, you're a mile from seeing any shorting or forward selling.
In summary, we are all witness to the beginning of an extended & rewarding bull market in silver-related shares (just my opinion). ID |
