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Excellon Resources Inc T.EXN

Alternate Symbol(s):  EXNRF

Excellon Resources Inc. is engaged in the acquisition, exploration, and advancement of mineral properties. The Company is advancing a portfolio of silver, base metals and precious metals assets The Company’s project portfolio includes Kilgore, Silver City and Evolucion. The Company’s Kilgore project is an advanced gold exploration project in Idaho. The Kilgore gold project is located in Clark County, Southeastern Idaho. The Kilgore gold project comprises 614 lode mining claims and consists of approximately 6,788 hectares (ha). The Silver City is a high-grade epithermal silver district in Saxony, Germany. The Evolucion property covers 31.28 square kilometers (31,280 ha) and 17 km of strike along the Fresnillo trend, a silver district.


TSX:EXN - Post by User

Bullboard Posts
Comment by VentureTrader1on Oct 28, 2017 2:49pm
113 Views
Post# 26872146

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Bought the Financing

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Bought the FinancingJust one thing re USD : GOLD correlation - It's actually USDJPY that gold most closely correlates with (negatively, eg USDJPY up -> GOLD down), not USD directly, however, recently the USD has been bouncing and the JPY's been weak, so I just referenced the USD, which most people have better visibility on than USDJPY.  But in any case, valid point USD - GOLD correlation isn't highly reliable.

JPY's at lower trendline support, so if it reverses here there's the possibility of gold/silver heading back up, but it hasn't confirmed yet. 

Also, I think the major markets are just starting their blowoff top move - it might carry on for months.  There's a reason for the old saying that 'the market can stay irrational for longer than you can stay solvent'.

In any case, good luck to you - nice to have an intelligent exchange of ideas here once in a while.
Bullboard Posts