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First Majestic Silver Corp T.AG

Alternate Symbol(s):  AG

First Majestic Silver Corp. is a Canada-based mining company focused on silver and gold production in Mexico and the United States. The Company owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada. The San Dimas Silver/Gold Mine is located approximately 130 kilometers (km) northwest of Durango, Durango State, Mexico and consists of 71,868 hectares (ha) of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located 150 km northeast of the city of Hermosillo, Sonora, Mexico and controls mining concessions totaling 102,244 ha. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon. La Encantada has 4,076 ha of mineral concessions and surface land ownership of 1,343 ha.


TSX:AG - Post by User

Comment by Crashcomingsoonon Feb 15, 2024 6:26pm
136 Views
Post# 35883070

RE:RE:RE:RE:Do you think that was the capitulation?

RE:RE:RE:RE:Do you think that was the capitulation?A crash in everything is a real possibility and Savage thinks it will happen in March.  It would initially take the PMS down but they would reverse sharply higher once the Fed starts to save the ecinimy with liquidity.  

Gary Savage's Bold Call for $10,000 Gold | ZeroHedge

Excerpt:
Gary predicts significant moves in commodities, such as gold reaching $5000, and silver hitting $100 or even $250. He also anticipates oil prices potentially rising to $200

and the bond market could be the catalyst for a market selloff:
Yield-Curve Bear-Steepening Spells Trouble For Markets | ZeroHedge

Excerpts:
Specifically a bear steepening – longer-term yields rising more than shorter-term ones – will indicate that liquidity and money velocity are in jeopardy from rising government interest payments, and that funding markets are approaching the point where reserves could shift from abundant to scarce abruptly.

The relationship in the chart above projects the annual interest expense could be as high as $1.4 trillion (from $980 billion currently) within six months, based on where 10-year yields are.
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