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Endeavour Silver Corp. Message Board

  • quailrunrd quailrunrd Apr 24, 2011 6:58 PM Flag

    If China dumps $2 trillion of their U.S. dollars

    China announces the black swan event for the U.S. dollar. Silver will not only quickly climb above $50 but should hit somewhere above $60 in the next couple of months.

    http://www.zerohedge.com/article/china-proposes-cut-two-thirds-its-3-trillion-usd-holdings

    EXK has been held back even though silver prices have been rocketing higher. Perhaps many believe silver price is nothing but a temporary manic move upwards. But if China follows through on their suggestion of ridding itself of $2 trillion in dollars, silver will continue on it's upward path at an accelerated pace. EXK's future profitability will be astounding. Share prices should reflect this value and new investors will likely come swarming in.

    It appears silver price will move another dollar higher tomorrow. Question remains what EXK will do.

 
EXK
1.92+0.02(+1.05%)Jul 2 4:03 PMEDT