Anyone watching EXK

[main1event]

Up 23% today, one of the best silver performers. I think 1.50 is a pretty decent short term target :) Thats nearly a double from its lows.

[skijake]

Up 23% today, one of the best silver performers. I think 1.50 is a pretty decent short term target :) Thats nearly a double from its lows.

Doubled my position yesterday morning. Nice kick already. Want to sell half at a double. Can we trust the markets for the long haul though?:confused:

[main1event]

Doubled my position yesterday morning. Nice kick already. Want to sell half at a double. Can we trust the markets for the long haul though?:confused:

I think we can. The dollar put pressure on our markets and commodities. Now that the dollar is going down we should be fine. When the dollar gets to 82 or so you may want to think about selling a bit. We should easily get to 1.30 or 1.40 quick. These stocks have been severely beaten.

[skijake]

I was shocked to see the dollar blow thru 80-82. Will it hold on resistance?

[Kelly]

I was shocked to see the dollar blow thru 80-82. Will it hold on resistance?

If silver moves up I seriously doubt if the dollar will hold; at least not without more manipulation by the PPT. This last spring when silver was climbing to $20, the dollar was nose-diving every day. No matter how glad I was to see silver reach those nice highs, it was moving higher because the dollar was tanking.

When the inflation hits from the bailout money, it's a given the dollar won't look very good.