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The Company is engaged in the exploration and development of mineral properties, and the mining and processing of silver, gold, lead and zinc.
I'm going bearish on silver for a few weeks. Hecla Mining is one of the least profitable silver miners and it's price fluctuates fairly widely with silver prices. Silver is well above it's normal trading range. While Silver is used in many applications, besides jewelry, the economy would have to improve a great deal more for it to be in high enough demand to warrant the $15.36 per oz it is trading at. It's had a nice run and will climb again if the dollar starts falling again. China and Russia have decided it's not in their best interest to send the dollar spiraling downward just yet. The "green shoots" (possibly weeds), in the market are getting investors a little less skittish, although today's pull back may start it over again. As long as the VIX stays down, bonds hold, and investors put money back in the market, then I think Gold and Silver will take a break. I could turn this thumb at any time, (after 7 days)!
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