Silver stocks soaring. Are you holding or selling?
Aspie_Rocco
Posts: 3,824 ✭✭✭✭✭
I have been watching the silver mining company HL Hecla Mining for several years and watched as the stock spiked to $11 and fell to $3 per share.
It is currently at $14 and change per share and for this silver company that is an all time high. Obviously there is no crystal ball, but I was curious how this audience feels about taking profits at four times the average price.
Are you PM guys holding or selling mining stocks at these historic highs? 
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Comments
SILJ is the play:
Does being a fiancial whiz with dollars make one an expert with gold?
Buying, selling later (not)
Holding, for sure.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Selling physical gutter, when and where I can....(and its WORK trust me). Holding and adding the SLV. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
I'll sell some, if it's quick, easy, and an acceptable price.
I've got 90% (pre-64), silver proof sets, and SAEs. So, we shall see
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Well, the saying goes, "if it is good enough to screenshot then it is good enough to sell".
If you've 4xd your money and got what you wanted then secure the bag and leave.
I guess the question I'd be asking myself is if I expect silver to go up more or this stock to go up more.
At today's close Hecla was up 216.39% year to date and is 89 times earnings. It was the best performing silver stock today - up 7.63%. SLV is up 86.75% year to date. With that difference, maybe trim the HL and use the proceeds to buy some rare coins.
Holding PAAS.
fka renman95, Sep 2005, 7,000 posts
I am wondering how these higher prices -- assuming they HOLD for a few quarters -- will be accruing to the silver and gold miners.
It should be a windfall, maybe Goldminers can chime in.