Excellon Resources Inc. T.EXN

silver up metals down

[Oldguy67]

conspiracist (and others):

I have dabbled in silver for over 30 years and today's action is far from abnormal.

Many times over the years when silver is rising sharply most silver juniors will head in the opposite direction for a day or two (or more).

My question is why? It can't just be a matter of manipulatiion as it would take a hell of a lot of people playing with a lot of different stocks. I also doublt it is just profit taking as it seems kind of stupid for masses of people to wait years then bail out just as silver finally takes off.

What am I missing?

Tks

[Thales42]

Good points, Oldguy ... as if old guys ever give bad advises - - the answer is NEVER. I think what we are experiencing calls for retracement and reflection. The good thing wih the need for this time out is the fact that Exn needs new perspective in a rapidly changing world of mining.  It is not unique to Exn as all the miners, but especially non producing or in the case of Exn BARELY

[silverforever]

I 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

[Thales42]

I am with you Silver.  A healty consolidation is needed as nothing goes up in straight line forever. The enemies at the gate may have their day (it may be few days if one counts next week or even the entire month of August); what matters is who is going to emerge victorious at the end.       

[Oldguy67]

Thanks guys for the comments. Like most things in the market I guess the  answer is both complicated and elusive.  I'll just hang on to EXN as I've been doing for longer than I want to think about and go back to getting my headaches from the grandkids.  good luck all.