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


To: Terrence Von Holidae who wrote (115)11/10/1997 8:38:00 PM
From: Roebear  Read Replies (1) | Respond to of 629
 
Terrence, Thanks for your conclusions. I feel the action will be in the currency flows but I have not been able to come to a conclusion.
I am deeply considering your reasoning.
On an alternate tack, there is some possibility of gold and silver being influenced by market forces attempting to accumulate these precious metals cheaply against the day when the currencies suffer a general devaluation. As a freind of mine pointed out, the Rothschilds for instance were notorious for causing panic selling and then doing their buying on the cheap. Soros sold much NEM before the recent drop. Hmmmm, food for thought, but there are only clues and no proof.
COMEX stocks of silver sold off 533K oz and are now down to 129MM oz. About 18 months world supply?

Best regards

Roebear