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

To: dwight vickers who wrote (317)	3/13/1998 5:05:00 PM
From: Terrence Von Holidae	Respond to of 629

Dwight: All great bull-markets are made of a "new paradigm" crowd as they come to completion. It is a collective psychological event lacking any intonations of predetermination, or conspiracy. However, it does provide great opportunity to those willing to understand it is a passing phenomenon. The trouble comes assessing just exactly when that moment will appear. I have no idea how the market's end will unravel, nor will any savvy trader or market participant be able to initiate or control it. The Federal Reserve, among others, will be called upon to mollify its impact when it does occur. But in consideration of all the paper-wealth fed to create this market elephant, the psychological forces behind all that wealth will ultimately prevail. Much of the middle- class' welfare is predicated on continuing strength in this market of stocks, they have become the force behind it, they collectively will be the arbiter of its demise. Therefore, should the market march onward to 9,000+, the relevant concern that is even now increasing in dimension, will be the shift to a widespread view of the market's character. Many already realize the market has become just another gambling casino and less a storehouse of future value. It requires very little knowledge of market valuation to understand this. However, I don't believe the imminent decline will begin in earnest until investors collectively come to appreciate the market's casino-like character. At that point of recognition the decline shall really begin, and I do not believe many do not understand this already. Yours, T.V.H.

To: dwight vickers who wrote (317)	3/25/1998 4:09:00 PM
From: Terrence Von Holidae	Read Replies (1) \| Respond to of 629

Dwight and Roebear: March 26th, will be a very interesting day for the precious metals. If you have time, take a look at today's editorial in the Wall Street Journal; I believe the monetary community is beginning to come around. The dollar's role in the world will shift dramatically over the next several years for a variety of reasons, but it is encouraging to find a new consensus developing over the function gold reserves have played in monetary stability. I believe its importance will become increasingly clear to central banks throughout the developed and developing world in the next several months. Yours, T.V.H.