Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Roebear who wrote (303)	3/10/1998 12:27:00 PM
From: long-gone	Read Replies (1) \| Respond to of 629

Roebear, You win - for now,but have seen todays move of .16? i guess we will see 7.00 again by the end of the week(but what do i know). I think the recent prices are driven (somehow) by delivery on Mr. Buffetts (history making) order. I know, one would suspect that as material is removed,the price would move up. What (i suspect)we may be seeing, is an effect of such large volume moving quickly through one spot that the total amount appears distorted to the downside(as no one actually knows how much silver exists). IMHO the price will then be driven back quickly to the prior recent high of 7.85. If this happens, the futures players then caught could drive it to new highs & the momentum guys would jump in. Could this not drive HL to new 52 week highs? If so, would not my plan of buy & hold look better? But note the disclaimer:"Only a fool would trade as i do". richard ps - e'mail me the address for that cup rh