First Majestic Silver Corp T.AG

Alternate Symbol(s): AG

Metals & Mining Silver

First Majestic Silver Corp. is a mining company. It is focused on silver and gold production in Mexico and the United States. It owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine, and a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. It also owns and operates its own minting facility, First Mint, LLC, and offers a portion of its silver production for sale to the public. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, Mexico and consists of 71,868 hectares of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located over 150 km northeast of the city of Hermosillo, Sonora, Mexico. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon.

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First Majestic Silver Corp

Bullboard Posts

Comment by beelzeebuub1on Jan 08, 2011 1:14am

596 Views

Post# 17942779

RE: RE: sell off over soon?

I agree that silver will head higher than the 2011 high but we may see a pretty violent correction on silver

before the uptrend continues.   I don't see anything wrong with taking 200% plus gains off the table here, in fact,

when the market gives you this gift, you say thank you!

I believe silver will come back starting the end of January 2011 but think we are in for a few nasty spills over then next

few weeks.   There is a double silver short ETF   ZSL   that could double if silver corrects to 20 bucks/oz...

Regardless of the numbers, the moves in silver, up and down will be violent!

This ETF is a only a short term trading idea .. the trick is to spot the major turning points.

Bullboard Posts

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