Another Slope Triumph

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Hecla Mining (symbol HL) has been one of my favorite shorts in a sector I've been bearish on for ages – gold miners. Of course, I've managed to antagonize the "gold is going to $5,000/ounce" crowd (sort of like the Apple is going to $1,000/share crowd) by repeatedly pointing to how miners are completely doomed, and I continue to stand by this disposition.

In any event, Hecla is down about 13% just in the first hour of trading today, and I wouldn't fall over dead of shock if this stock was trading under a buck within the next couple of years.

0304-HL

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