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Excellon Resources Inc. T.EXN

Alternate Symbol(s):  EXNRF

Excellon's vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of our employees, communities, and shareholders. The company is advancing a precious metals growth pipeline that includes: Kilgore, an advanced gold exploration project in Idaho with strong economics and significant growth and discovery potential; an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history.


TSX:EXN - Post by User

Bullboard Posts
Comment by billm8192on Apr 12, 2013 5:31pm
238 Views
Post# 21249105

RE: Central bankers do not try to hide it anymore

RE: Central bankers do not try to hide it anymore

You are dead right!  You know the old saying....don't fight the FED....well that's where we are as shareholders of  silver and gold miners.  The Fed and other central bankers have to keep dumping/shorting gold because if they did not then the price of gold would skyrocket and the currency values around the world would suffer great devauation leading to rampant inflation....the solution....doing exactly what they are doing control the inflationary trends by controlling the value of gold.  The gold watchers seem to think that gold has reached a bottom and that it will begin to climb again in the next 3-4 weeks but we will see.  The Central banks need to keep printing money and proping up the stockmarket as part of their overall monetary policies and economic stimulous so to me that says that the gold guys calling for 3-10 thousand per ounce gold are dreamers.  I do however think that things will get better for the miners and over the longer haul our little company could go gangbusters if the exploration efforst uncover a big CRD which I believe we are close to doing.

By the way, I don't think  we will never see a reconciliation between the paper certificates and physical gold and silver....to do so would cause a global ecomonic collapse so devastating that the great depression would seem like a slight lull.

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