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First Majestic Silver Corp T.FR


Primary Symbol: 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

Bullboard Posts
Comment by TraderBillon Aug 10, 2017 4:49pm
159 Views
Post# 26568158

RE:RSI didn't stay at 25 for long!

RE:RSI didn't stay at 25 for long!sparkdog, as you are well aware 1 day does not make a trend but it is a healthy start, the biggest problem is the reason why behind the move in gold and silver that being war threats as its certainly not a policy change out of the BOJ creating Yen strength or weak US data effecting the $TNX as that would be a reason for a real trend,,,,these war threats fade as fast as they start

you could easily be selling as the RSI rolls over and goes deeper if a peaceful outcome unfolds between the US and NK and there is nothing that says FR will ever see a hit of the RSI 70 zone ever again, but you know that being a chart technician, right, lol

the area I suggested was a key level in play certainly was

https://tinyurl.com/y7t55k7m
 
Bullboard Posts