NEW YORK (TheStreet) -- Phillips Baker, , reveals how the company will continue to grow and turn profits.
Hecla mining and making killer profit. So what well -- two point 81 billion dollar company do with talent money CEO Philip baker.
Hecla mining CEO Philip Baker :"...The first thing we'll do is. Is due this reinvestment and the lucky Friday evening green street the second thing we'll do is the expiration on the only those two properties. But the one in Colorado and Mexico. And then thirdly. We will -- valuation in and acquire. New assets. Looking at -- company it's. And usually it's one on the side usually. You know you'll have -- junior. Silver companies that will have one asset that will be of interest and that's something that's changed in this this market. If you go back. To 2003. There was no expiration occurring for silver but because of the increase that you've seen in the silver price that's happening and so there's going to be the opportunity to. To have -- new -- new properties which he just happens haven't seen in the last thirty years. Eating aimed at -- Got all sorts of things would like an account and I'm not gonna."
Monday, December 27, 2010
Gold Prices Ignore China Rate Hike
NEW YORK (TheStreet) -- Phil Streible, senior market strategist at Lind-Waldock, says that gold prices are ignoring news out of China, for now, but that consistent rate hikes could drag on prices over the long term.
Copper Surges on China Inventory; Gold Higher While Crude Declines
Commodities finished mixed with copper futures hitting a new record and gold logging gains. Oil futures ended floor trading in the red.
Crude oil for February delivery finished down $0.51, or 0.6%, to $91 a barrel. In other energy futures, heating oil ended down 0.74% to $2.52 a gallon while natural gas fell 0.83%, to $4.04 per million British thermal units.
Meanwhile, gold notched gains while copper remained the standout in the metals market by hitting a fresh record settlement.
Gold for February delivery finished up 0.2% to $1,382.90 an ounce. In other metal futures, silver was down 0.15% to $29.28 a troy ounce while copper rose 0.41% to $4.28 a pound.
The U.S. dollar index (DXY) is down 0.18% to $80.35.
Crude oil for February delivery finished down $0.51, or 0.6%, to $91 a barrel. In other energy futures, heating oil ended down 0.74% to $2.52 a gallon while natural gas fell 0.83%, to $4.04 per million British thermal units.
Meanwhile, gold notched gains while copper remained the standout in the metals market by hitting a fresh record settlement.
Gold for February delivery finished up 0.2% to $1,382.90 an ounce. In other metal futures, silver was down 0.15% to $29.28 a troy ounce while copper rose 0.41% to $4.28 a pound.
The U.S. dollar index (DXY) is down 0.18% to $80.35.
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