Once again we balance ourselves on our bar stools!
And we wait for tomorrow's release of the BLS monthly report on employment figures for March. Yeah...we know the figures are manipulated but what the heckfire!!!! Who cares anymore. Nonfarm payroll numbers always impact PM prices. But it's all a game. It's not a matter of "if", but "when" regarding the decline of the dollar and the rise of PM's. Silver will eventually have it's day.
So we wait in anticipation of tomorrow's employment numbers because mindless mainstream pundits will grab any employment statistic that isn't catastrophic and proclaim "all is well". They need to promote the ongoing game!
EXK has been acting like a yo-yo for the past 5 trading days. Nothing really justifies the down days and some of the up days are overdone. It will be interesting where EXK ends up a week from now.
And why is the dollar index climbing well above 80.0? So many variables affecting PM equities. So little focus on the intrinsic value of the U.S. dollar (It has no intrinsic value). Time is on the side of PM's.
We yo-yo'd once again today. S&P was lower but not as much as EXK. Of greater concern...have the 2 mining fatalities in the last week been discounted into EXK's stock price? EXK shuts down operations to investigate the deaths plus retrain employees in mining safety. But for how long? I don't like uncertainty!
At least silver metal price is up right now in the late hours!