Hecla Mining Co (HL)

[the cork]

Printing (inflating) 85 billion per month is bullish for gold, silver, and any commodity denominated in dollars. A reduction in that printing (tapering) should have the opposite effect if it were to a meaningful degree. It is not.

They monkey hammered the gold price every time bernanke hinted the fed MIGHT taper, without the resulting increases that should have occurred every time they DID print. Pretty slick. What MIGHT happen carried more weight than what actually DID happen LoL!

So instead of printing 85 billion dollars per month, they are only going to print 75 billion dollars per month. BFD LoL!

Precious metals prices are going to ultimately skyrocket but it's not because of any taper "jaw-boning" by bernanke. It will be because trillions of dollars have been printed thus debasing the purchasing power of the dollar, with no end in sight.

The (so called) taper doesn't amount to a steaming pile of chit!