Midas touch: Rising Gold Prices Guide Coeur d’Alene Mines, Silver Wheaton, Hecla Mining to Strong Gains
Contrarian Profits (September 4th, 2009) Writes:
Rising gold and silver prices push our silver picks Coeur d’Alene Mines Corp. (NYSE:CDE), Silver Wheaton (NYSE:SLW), Hecla Mining Co. (NYSE:HL) well into the black.
Gold’s been going up, knocking at the $1,000-an-ounce gate. Why exactly I can’t tell you… its principal bullish factor, inflation, being vortually non-existent in today’s deflationary market.
That leaves the fear of reckless U.S. Congress wrecking the dollar with huge new debt loads… and of an Administration that seems dead-set on crippling U.S. economic competitiveness for decades to come.
Valid fears, indeed, fueled by every redistributionist soundbyte slopping out of Washington.
Silver, too, has been gaining steadily. Our Hot Stock Confidential silver mining play Coeur d’Alene Mines Corp. (NYSE: CDE) is up 23%, Silver Wheaton (NYSE:SLW) is up 18%, and — after a horrendous 40%-drop ofer our May recommendation — Hecla Mining Company (NYSE:HL) has clawed back to a gain over 2%.
(HSC Members who used
...Coeur d’Alene Mines Corp., Congress, contrarian profits, Hecla Mining Co., Market Commentary, mining, Silver Wheaton, United States, USD, Washington


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