Just wish I had some dry powder left in my keg. Acquiring EXK below $8.80 has to be a great buy.
Once again, EXK as well as other miners will have to wait for a significant rise in prices until precious metal prices regain some upward momentum. The huge drop in the U.S. dollar today without an accompanying jump in PM prices is somewhat surprising if not a little troubling. (One hates to see breaks in trends even if for only a day).
In any event, with EXK's mining performance coupled with this new acquisition, one would think EXK should outperform most of it's peers once silver prices start climbing. To my way of thinking, reaching the U.S. debt ceiling earlier than expected (we're now looking at Oct, 2012), gives us a shorter time frame until gold and silver start marching much higher. Obviously, there are quite a few other factors and possible "black swans" that could boost PM prices along the way. GLTA