Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Hecla Mining
So what: Silver has lagged gold lately, but now that silver is catching up so are silver miners like Hecla Mining. Lately, precious metals can do no wrong and this trade has only gained momentum.
Now what: With gold and silver being the trader's investment of choice, I just can't stand in the way of the trade. Hecla Mining will benefit from higher silver prices and there's no reason to say those prices will fall in the near term. I might wait for a better price, but I'm buying the long-term move by Hecla.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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