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Stock impact report

Silver and gold tumble triggers major reset for mining stocks [Yahoo! Finance]

Hecla Mining Company (HL) 
Last hecla mining company earnings: 2/6 03:30 am Check Earnings Report
US:NYSE Investor Relations: ir.hecla-mining.com
Company Research Source: Yahoo! Finance
The bigger question is what happens next. Silver was hammered 31% ending the day at $78.531 per troy ounce. That was the biggest decline since the 1980 bubble broke. (The price is for the March contract, currently the most active in futures markets.) Gold for April delivery tumbled 11.4% to $4,745 on Jan. 30. Gold had topped $5,000 for the first time on Jan. 27 and peaked at nearly $5,267 on Jan. 29. Related stocks like Hecla Mining (HL) and Newmont Corp NEM ) slumped in response, and stocks overall slid as well. The Standard & Poor's 500 Index, the Dow Jones Industrial Average and Nasdaq all declined for a third week in a row. Related: Why silver bears just flipped bullish after record plunge What happens next depends on whom you talk to. Gold and silver analysts believe the Jan. 30 plunges were related to President Trump's choice of Kevin Warsh as the next chairman of the Federal Reserve Board. Warsh's reputation has been something of an inflation hawk and would protect Show less Read more
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