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

To: Roebear who wrote (128)	11/12/1997 7:32:00 PM
From: Terrence Von Holidae	Read Replies (1) \| Respond to of 629

Roebear: In a short while, I think you will look the genius for your action today. Regarding the post above: It is plausible speculation, and would not surprise me, but will be born-out only in hindsight. The currency crisis in play is the driving force, the spectacle of central banks caught in an untenable hedge will evidence itself in an extraodinary jump in the gold-lease rate. However, by that time, it will also be clear that there is enormous short-covering by all major players. Short positions are at all-time highs in the metals; an absurd position to be in after a prolonged bear-market in the metals, while at near historic lows. It is the nature of man to believe that what has been will always be, especially if the trend had established itself over many, many years. Witness the inception of any bull-market: they all begin with incredulity beyond recent recall. Yours, T.V.H.