Hecla Mining Co (HL)

[loantech]

<Long-Term:
Silver peaked at the start of 2008 at around $21 an ounce before ranging solidly in the $16-$19 zone for many months. With an attempt to moves past $20 failed, the sell-off was amplified by the destruction in gold and a rush out of silver by short-term speculators, over-leveraged investors has now brought prices down quickly to the single digits again.
There is excellent support from $8-$10 an ounce which will bounce to the $12-14 area before consolidating some more. This pullback has shifted the window for silver from making its next big move higher, but do not discount a quick reversal back to the mid/upper teens as well.
The big picture looks like silver is going to move through a period of base building in the lower teens before attempting its next move higher. $19-21 is a solid resistance at this time, a break above will bring our $25-$30 targets into play. That is not likely to occur until at least well into 2009. Pullbacks remain excellent entry opportunities which are not forecasted to last very long!>

<Silver ratio is reaching an extreme peak as panic selling by de-levergaing funds/investors sells into a less liquid market. The surge to the 90 area makes silver a very attractive investment over gold at this time. Once the rally in gold ensues, expect silver to outperform gold taking the ratio to 60-70 very quickly.
This is an excellent mid to long-term opportunity to favor silver over gold, levels not seen for many years.>
2009 SilverForecaster.com