In light of the current and forthcoming events that will drive our economy and the world's economies, coupled with the changing political apparatus here, and abroad, I think the Swiss sale will be viewed as a mistake in hindsight, but actually will have little bearing on the trend being established now. A sale should provide a one or two-day window of weakness: Hl possibly at 2.75-3.00, but then followed with HL closing this month near, at, or slightly above 3.75.
So, it may happen that the event is anticipated sometime this week driving Hl lower, but the consequence after whatever happens Sunday to actually be interpreted positively for the metals. All I know is that HL should be in the range described. I'll let the details fall-in place as they will to justify it.
If I am in the right classroom studying from the correct course- text, then we should be able to table any concern for HL's stock price until about twelve, or thirteen months, have elapsed. At which time, we should dust off the textbook for a good review of the closing chapters, and look for an exit strategy. This is predicated on HL fulfilling Chapter One at $3.50-$3.85, at the end of April. |
