First Majestic Silver Corp AG

took a big position

[prouditalian]

this is an exact repeat of end of 2015- Jan 2016...
I was buying FR in tax loss and took a very large position...maybe a bit early,...Jan 2016 was not a great time...but then FR went up 4X in 6-8 months.
We are at bottom or incredibly close.
Long 100k shares at 12.20 cost as have been buying the last few days.
I will buy another 50k, hopefully below 12 over the next 5 days starting Monday...10k a day.
Load up folks for the massive ride that is coming ion the next 8-12 months. 
Bottom is here or just around the corner...dont get greedy hoping for way lower prices as you will miss the boat. GL

[JBoukis]

PI throwing around millions.  Good luck to you man, hope you crush it.  Is that degenerate Fox still around or was he eaten by a bear...?  :) 

[prouditalian]

Have not heard from Fox...but I respect him. I know what hell say though! Its not time to buy with the charts prewsently below 10 SMA. But knowing him, hell get in on the ride once it crosses and make bank.

[JBoukis]

You think we've hit the low here?  What does your gut say?

[prouditalian]

I have been calling for a repeat of 2015/2016...lows were hit in January 2016, with the move starting in February. IMO, the lows have been hit, BUT its not too smart to buy all right now...I still have 45 k shares to buy as bought another 5k today...Ive decided to buy 5k a day now... We are still in a negative channel in miners with gold and silver so best to be cautious.. I sold all my oil shares

[JBoukis]

Thanks PI, appreciate your thoughts re your strategy and glta here! 

[prouditalian]

you are welcome...Dont forget that FR is a trade...its not a longterm hold as their cashflows and multiples are not good. Some names for longterm holds would be Barrick, SSRM, AUCOY...Ive also been buying the SIL etf. IMO, enromous money will be made in these names over the next 2-3 years. My gold tgt is at least 5000 in 3 years and the ones I mentined are incredibly cashflow positive presently at

[666999]

I dont agree, look how much things are happening at FR, how much drill rigs on sites, mine upgrades, Jerrit Canyon buy, ramping up production etc, because so many mines FR has, is a safe investment, great company and really well managed, and if Ag, Au price will go up ALL miners will go up, it was good entry point in juniors, miners in Dec, Jan, dont forget FR bullion store, mgmt is very capable

[gossamer6]

This post has been removed in accordance with Community Policy

[Stratocheif]

I agree... no one ever goes broke locking in gains....( most don't when they should) and anyone who claims they were all in at the exact bottom and all out at the exact top is a liar. I dumped 80% of my gold n silver stocks between the fall of 2020 and Jan 2021as I could see it was starting to roll over. Kept the rest so I can keep an eye on them and so far I'm happy with what I did. I'

[severeanalysts]

Great company, like the CEO, KNOW HIM PERSONALLY BUT IF YOU OWN FR YOU BETTER OWN VZLA as you can bet Neumeyer and FR OWN THEM AND i D BET FR IS GOING TO TAKE A RUN AT VZLA IN LESS THEN A YEAR AND HOPE YOU BUY OR OWN ALREADY XALI GOLD or XGC. jUST THEIR 2 TAILINGS PROJECTS ARE GREATER VALUE  THEIR CAPITALISATION, STILL CAN BE GOT FOR 12 CENTS BUT NOT FOR LONG. THEY HAVE THE 8 MILLION TO