Two million silver ounce production for Lucky Fri
Post# of 112
Two million silver ounce production for Lucky Friday now that it just re-opened sounds good. This will be especially nice considering the below article from this morning. I like the part about a potential massive spike in PMs, which should provide share price support to the various miners, including Hecla.
SAC Capital Partners Bets A Quarter Billion On Gold, Silver, & Mining Shares
February 19, 2013 | By Tekoa Da Silva
http://bullmarketthinking.com/sac-capital-par...ng-shares/
While the mainstream media continues to spew out bearish news and headlines on precious metals and (especially) mining shares, SAC Capital Partners LP, a $20 billion dollar group of hedge funds founded by Stephen A. Cohen, quietly positioned itself in over $240 million dollars worth of gold, silver, and mining share investments during Q4 2012.
Of great interest is the structure of those positions. They are indicating, that the firm is expecting a massive spike in both gold and silver, as well as a staggering move higher in the mining shares.
...
(0)
(0)