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

To: Roebear who wrote (167)	12/10/1997 6:11:00 PM
From: Terrence Von Holidae	Read Replies (2) \| Respond to of 629

Roebear: HL recieved nice volume-supported buying today, but may be techically overbought in a daily chart. Higher prices, nevertheless, should result. Should HL trade above $6.375 in the coming weeks, and hold it with convincing technical action, it may well signal the bottom has been put-in. However, a re-test, or move to another low, following significant trading above that $6+ level, should also be interpreted as confirmation of the bull-trend. It may be the short-covering moving silver will be exciting, although not long lived. However, I do anticipate a new floor and ceiling price to be established. I anticipate short-covering in gold to follow silver's lead, if indeed, silver's move proves as dramatic as expected. The major markets appear to be a bit oversold, but are still, for the most part, recklessly overpriced. I would not be surprised to witness attempts to move higher, but I do not believe it will come at the expense of the metals. Yours, T.V.H.