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

To: Terrence Von Holidae who wrote (189)	12/26/1997 6:51:00 PM
From: dwight vickers	Read Replies (1) \| Respond to of 629

Terrence, Agree with your comment on the long term worth of silver. More than likely this extended bear market in the face of bullish suply and demand is the market reaction to digital. Already in the market, as they say. Saw this in a column in the local newspaper this week: "Investors have been net sellers of silver bullion since 1989 reports Value Forecaster newsletter (P.O.Box 50, Pilot Hill, CA. 95664). Even the U.S. Gov't. is selling. The strategic stockpile has shrunk from 140 million ounces in 1985 to 50 million today. It could be entirely liqiuidated by 2000. At some point all this selling will cease, either because supplies have been sold down or because holders expect prices to rise. When the selling stops, silver prices should rise significantly and very fast, given the continuing huge supply/demand shortfall." I'll take the other side of the trade vs. the US Gov't. anytime. Dwight