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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.


TSX:AG - Post by User

First Majestic Silver Corp
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Comment by whypromoteon Jan 25, 2011 7:52am
399 Views
Post# 18021432

Deja Vu....

Deja Vu....
Deja Vu with a few caveats...:)


Gold - Silver relationship ramped last summer from a 6 month base. Through 50 dma. Add Uncle Ben's QE and QE 2.0 fueled the pump.

https://stockcharts.com/h-sc/ui?s=$GOLD:$USD&p=D&yr=1&mn=0&dy=0&id=p36626789176

Gold - Silver relationship now? Ugly flag pattern off all time highs. Chart monkeys flipping. Trends change.
Normal....healthy.

July 29, 2010 - Anything different? Silver was $18 and change, Gold approx. $1150, Copper - $300, OIl was near lows as well and FR was $4 and change.

Last July USD was at a high. Now? Down from 88 or so from last summer to 78 today.

https://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=3&mn=0&dy=0&id=p58438019124

So...it's always different.

GLTA


p


Bullboard Posts
Dealroom for high-potential pre-IPO opportunities