They have failed to halt the slide in the US dollar Index
It would appear that we just went off a cliff on the chart. Kind of reminds me of what happened with Silver at 32.00 per share. They took it down pretty hard and fast. We have a lot further to go on the upside. There is a GORILLA out there in the mist, you just can't see him. They let him loose for a while, been out on a rampage, frightening folks, raiding their gardens. But enough is enough. A posse was sent out to bring him in, dead or alive by Sept 15. EXK should be trading at 9.00 per share by then.
There's a lot going on with currencies. The Canadian dollar reacted to a strong growth report. There is rally speculation for the Australian dollar with traders watching for a CPI curb RBA cut. Watch with caution FED movement on taper speculation. Dollar trading or lack of wasn't behind the move in EXK today. Were still up against the boys with the US dollar. Trying to keep simple, but all of this will reflect on gold movement this week.
New home sales helped the dollar, but not the Dow or oil. Watching bonds indicates that someone is now winning the argument at the FED with the taper caper. The AUD USD is in sharp decline today, as Australia released CPI data early in the Asian session. China disappoints with core economics.
I made only my fourth swing trade / trade with EXK since I started posing here, selling at the close yesterday, just 500 shares. I suppose you can tell from my post above. I made about 550 bucks. I really like the internals / minerals for EXK. EXK will have it's day again in a big way. For me, if I'm going to post here, I rather trade other stuff. I still have my longtime core of EXK at a lower price.