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Gold/Mining/Energy : Hecla Mining(HL) -- Ignore unavailable to you. Want to Upgrade?


To: Roebear who wrote (99)10/26/1997 7:12:00 AM
From: Bobby Yellin  Read Replies (1) | Respond to of 629
 
diamonds currently are probably a better play..
also I think I heard at this current price of gold about 35 percent
of the mines are uneconomical to operate..so this is also bullish
for silver..since less supply would be coming on line and I don't
think the central bankers have hoarded silver so they can't threaten
to dump in..down the line it has to be party for precious metals since all this green will be backed by nothing...
I am waiting for the George Soroses of the world after no longer
having any SE currencies and markets to wring out excesses to
start dumping all the bonds they acquired for the safe haven effect and move into ?...actually they probably would be more likely to move in the SE Asian markets now rather than gold? I guess we have to watch if the open interest of the gold contracts show extraordinary
buying...if the multinationals that are so overpriced in this country really come out with bad earnings wonder if I am dreaming...foreign money might start leaving the US market and US currency and then that will have to affect the bond market? also if Japan has to start their own economy from the inside out rather than from their failed outside in...repatriation of money from our bond market?
also I have repeated heard that the market takes back all their gains..this is getting interesting..people have just seen in Hong Kong
and the other SE Asian countries...they don't have to wait to see it
in the US market to know it exists..wonder what that will do to people's psyches..
help..
(seems like the hedgefunds are having too much fun with everything
but gold..wonder if some played the short side this time around..
and if some did...guess they are having too much fun with gold..)