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

To: Bilow who wrote (103)	10/30/1997 12:49:00 PM
From: Terrence Von Holidae	Respond to of 629

Bilow: Regarding the selling of gold stocks at historical lows: It is reminiscent of the selling that took place in October 1982. At that point, however, the bloodbath was occurring in financials, (as represented by the broader markets for equities), very near the beginning of the bull-market for those same securities. Bull-markets are made of episodes of ultimate demise, when after many years in a secular bear-market all hope for recovery has evaporated. Such is the case now for the precious metals. The louder the chorus of disapproval, the longer it has been in vogue, and the deeper its acceptance, the greater will be the subsequent rise in value of what had been despised for its usefulness. It is a simple concept that makes frequent appearances as bull-markets wane and bear-markets begin, and the converse. Therefore, the apparent "bloodbath" in gold should be seen for what it implies; gold is having its "1982," thus creating a generational opportunity for those who accept the cycles of history as inexorable. Yours, T.V.H.