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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

Comment by silverforeveron Aug 07, 2020 7:56am
100 Views
Post# 31377553

RE:RE:silver up metals down

RE:RE:silver up metals downI have found that mining stocks will be hit a day before there is a orchestrated attack on gold and silver prices by bullion banks, central banks, etc. That has a tendency to happen on the first Friday of the month(jobs report), on Fed Reserve meeting days and on options expiration days. I think the bankers and insiders short the miners using the many ETF's available to them affecting essentially all mining stock anticipating a much larger drop when the metals are hit, making money on both miners and metal trades. In a metals bull market like now, the miners should bounce back quickly after each attach. However the metals and miners are due for a pull back after their big run up before the their next leg up begins, which I think will be a huge one for mining stocks. Until then, any good news from an individual mining company should mitagate the damage done from a broad sell off. 
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