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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (65140)	5/9/2009 1:40:20 PM
From: loantech	Read Replies (2) \| Respond to of 78412

Check out more of my failed logic: Silver has been moving up faster than gold and the gold to silver ratio coming down: stockcharts.com Now here's the surprise, silver looks even better than gold and that's how it should be when things finally start to heat up. Today the spot silver price is trading up .47 at 13.80 (black arrow) and is well above the April closing high and that tells me that silver is finally going to lead gold up. What's more the RSI, MACD, and histogram are all heading up and looking very strong: What's more you need to take into consideration that silver has a bullish price target of $26.00 in its Point & Figure chart and that is close to double the current price!! gold-eagle.com In fact HL is climbing faster than RIC so I may sell some RIC next week and add to HL. If silver hits 30 bucks and gold hits 1350 where the ratio bottomed last time I could see HL hit 20. Their costs are now under 5 and with gold at 1350 would be about 0 per ounce so 25 bucks times 12 mill ounces annual production cash flow is about 1.33 CF per share times 15 = 20 bucks. Stock was at 12 bucks last year with silver at 18-20.HL has diluted a lot but they now have much greater production and much less debt INCL. a huge resource of around 7 million gold ounces of AG equivalent not counting the 3 million tons of lead and zinc which adds a lot of metal.