Wednesday, December 29, 2010

Hecla Mining (NYSE:HL), Silver Wheaton (NYSE:SLW), Coeur d'Alene Mines (NYSE:CDE), Silvercorp Metals (NYSE:SVM) On a Tear Tuesday

Mining stocks were soaring on Tuesday, with miners like Hecla Mining (NYSE:HL), Silver Wheaton (NYSE:SLW), Coeur d'Alene Mines (NYSE:CDE) and Silvercorp Metals (NYSE:SVM) making solid gains, even though they weren't even among the best-performing of the miners.

That seems to testify to the pent-up concern over the weak economy and failed attempts by the Federal Reserve to just throw more money at the problem, making it worst and the recession last longer.

The U.S. dollar also continues to fall in value on the continual printing of money by the Fed, pushing up the share price of miners and commodities in general.

Silvercorp Metals closed Tuesday at $12.78, gaining $0.44, or 3.57 percent. Coeur d'Alene Mines closed at $27.33, up $0.97, or 3.68 percent. Hecla Mining soared to $11.24, up by $0.58, or 5.44 percent. Silver Wheaton ended the session at $38.30, rising by $1.73, or 4.73 percent.

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