Yeah, what happens next? If rancher Bundy can get away with ignoring the Fed's
BLM orders and subsequent enforcement effort regarding his cattle grazing on
Federal lands, then will millions of healthy young Americans tell the IRS to go
to hell when it comes to paying a "penalty" for not being bullied into buying
overpriced health care? They don't want to be forced to "graze" on Obamacare.
Perhaps Bundy has set a precedent!
Yep! The government could start to unravel! Who wants to listen to an
overbearing, out-of-control, Federal government? Everyone who has read our
Constitution clearly realizes government employees, including the U.S. president, are
supposed to serve us (as in be our servants). They most definitely are not
"entitled" to be our masters.
P.S. With the Federal government continuing to abuse our currency (with the help and guidance of the Federal Reserve), then our U.S. fiat "notes" will eventually self destruct and silver and gold will shine. Staying long with EXK!
Hey News! "Dealer fixed-for-floating-rate swaps" is jargon way above my current pay grade. Hopefully you have hit the nail on the head!
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!
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.
GLTA....hopefully tomorrow will be a better day!
Richard Russell, stock market guru, remembers her:
"Although markets appear stable, experts list seven things that could go wrong:
the first is that payrolls could slip, the Crimean situation could unravel,
China could slow down, the US dollar index could fall to 78 or lower, inflation
could heat up, and gold and silver could start to surge. Lastly, interest rates
could suddenly rise, as they levitate to protect the dollar. I continue to
advise a position in physical silver and gold as the best and sanest stance in
today's nervous and erratic markets.
Shirley Temple Black died two weeks ago. Shirley was the single brightest thing
in the Great Depression, and her movies were national and international
sensations. Every little girl in the world, during the Great Depression, wanted
to be Shirley Temple. I remember eagerly awaiting each of her new movies.
Shirley made seven movies in one year.
When she grew older, as a teenager, her popularity declined. It was taken over
by Judy Garland and Deanna Durbin. Shirley provided some light-heartedness
during the Great Depression, and she nearly eclipsed FDR. We have nothing today
that compares in popularity with Shirley Temple. Whereas Shirley represented
sweetness and innocence, the kids of today seem to represent violence,
sensuality and revolution. Hopefully we will never see another Great
Depression.” - - King World News
SLV (representative of physical silver price) has declined 3% over the last 5 trading days. EXK, on the other hand, has declined 14%. The miners are always more volatile than the metals they mine. But in my opinion, this EXK decline is way overdone.
Hopefully, silver prices have bottomed. And as I mentioned in an earlier post....time is on our side. But here's my confession: I never thought silver would again fall below $20/oz. Yeah...what do I know anyhow!
Has the PM bloodletting stopped yet? Wasn't today an options expiration day? I heard one commentator explain that there were quite a few option puts on a gold price under $1300. Well, apparently they could not drive the price below $1300 today to drive those options into the money.
More interestingly, the dollar index struggles to find some comfort above 80.0.....but can't seem to hold above that level. I'm guessing the bloodletting has ended for PM's which bodes well for EXK.....obviously oversold with silver's decline. Perhaps the dollar index will be the key. Fundamentally, with the world observing the decline of America as the preceived "super power" coupled with our unpayable debts which continue to grow....the dollar will eventually find it's way a lot lower than it has ever been before. Good for PM's.
Time is on EXK's side and not on the side of any fiat currency!
10 consecutive days of depression! EXK closed on March 14th at $5.53. Nothing but pain since then. But what does the future hold? I'm sure we'll find out! GLTA
With all the drama surrounding the Ukraine it seems somewhat absurd that the Asian markets can shrug off those developments and push up into the green tonight. But maybe they know something we do not know. Perhaps a Russian takeover of the Crimea is not such a bad thing...in worldwide events. Unless, of course, our U.S. government refuses to resist the temptation to pull out the "big guns" in response!
Silver and gold prices will tell us what it all means!
EXK looks to the price of silver for higher moves in stock price. And silver, as well as gold, are paying a lot more attention to geopolitical tensions in the world. Front and center is the upcoming Sunday referendum vote in the Crimea which everyone realizes will reflect the region's intention to withdraw from the Ukraine and join the Russian Federation. But more worrisome will be the reaction of the U.S. and Europe. And that unknown "worry" should continue to drive up silver and gold prices.
So the rally in metal prices should continue through Friday's close....if not well beyond. Consequently, EXK as volatile as this stock's share price is.....should be higher at Friday's close. But after today's huge 10.7% rise, who knows whether there might be some profit taking tomorrow. GLTA
What EXK needs is a really good boost to silver prices! Which is something beyond EXK's control. But silver prices certainly have room to move on the upside. Time will tell.
It looks like EXK started seriously heading downwards today shortly after the conference call. Did anyone listen to Brad today? Apparently some big investors did not like what they heard.
With world tensions so high, one would expect the tradtitional safety hedges to ignite...gold and silver. But we are in a new era where everyone expects the Fed to backstop every contingency, apparently including armegedon. Throw out the safe havens! Geopolitical nightmares of current varieties can be dispelled with more QE, if necessary!
Hey, Bill! Down 12% in 2 days seems like a bit of overkill. Yeah, silver is down 3% today but that is overdone as well.
EXK has been on a rocket ride since the beginning of the year and some short corrections should be expected along the way. But...12% in 2 days??? My guess is that a consolidation might occur however volatility will more likely be the name of the game. I still expect an upward bias over the short and medium terms with a lot of bouncing around in price. Anyone else think EXK will breach $6/sh within the next month?
EXK is only $.81 away from reaching it's 52 week high. Certainly hitting that number would not make the earth shake but it would be a decent milestone and perhaps trigger some added technical buying. Will EXK hit a new 52 week high next week? I'm not holding my breath but recent price increases on heavy share volume suggest the upward momentum will continue. As long as the dollar doesn't suddenly bolt higher (central banks always have their devious manipulation strategies in play), silver and gold should continue hitting higher highs and higher lows. Good for EXK!
GLTA and have a good weekend!