First Majestic Silver Corp T.AG

Any idea on price support

[godisgr81]

Every time I nibble, the sp sinks.  When will it bottom.  Catching a falling knife is definetely not recommended. The whole silver sector is getting whacked.

[BaldSilverHead]

I see 1.75-3.30 (could possibly go sub dollar if it gets ugly) either at tax loss season or March 24 when trillions will need to be refied at lower interest rates. It will go way down from here til approximately March 2024 but will then recover and climb way above these levels. You can sit and wait if your time horizon is long enough and your pain / stress level can handle it. Otherwise move to

[Crashcomingsoon]

My Comment:  Anything is possible, but I don't expect AG to fall to the levels you think.  There are just too many economic problems which will support the PMs and the miners.  It's all about the debt.  I certainly don't expect the national debt to be brought under control.  In fact I expect the deficits to increase in the next recession. I'm expecting the

[BaldSilverHead]

  people don't generally care about debt levels of govts in recessions. 

[Crashcomingsoon]

D*ck Cheney said "Reagan proved that deficits don't matter".  In reality deficits don't matter until they do and then they really matter.  Sovereign debt will balloon in the next recession and all of that debt will force rates higher and be a drag on the economy.  There is a huge amount of debt globally and a lot of non-sovereign debt will implode  in the next

[Crashcomingsoon]

Link to first Excerpt is:  Ray Dalio says the U.S. is going to have a debt crisis (msn.com)

[BaldSilverHead]

You know it's funny people arguing about things they actually agree on just on different timelines. 

[Stratocheif]

They are already in a debt crisis. A lot of commercial real estate companies, utilities, etc that are anywhere from 50 to 80% debt are scrambling to stay afloat right now...selling assets, etc, trying to find some way to manage the huge interest expense coming at them. Forget about equity. These companies are essentially owned by the banks now. But the US government and all government

[Co2Harvest]

Can you imagine if it did? Talk about the opportunity of a lifetime of we could buy First Maj at that price. Back up the truck ;)! GLTA