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First Majestic Silver Corp T.AG

Alternate Symbol(s):  AG

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

Bullboard Posts
Post by TechMechon Jan 26, 2011 6:11pm
597 Views
Post# 18031436

Bottom found

Bottom foundSince I was right about FR finding it's bottom just above 10.27 the other day, I'll venture out one more chart interpretation:

Through December the share price consolidated but during the consolidation, or price channelling, the volume petered off which is a good sign. Next, up till now the wise profit taking was underway. Therefore as a group of trusty indicators indicate, we are headed north.

Oh I know the crisis between supply and demand, the coming end of colllectible bullion silver eagles (do inbox me on the best way to get some), and all the other fundamental material indicates northward price movement, but face it, share price is a reflection of market sentimement.

Regards,
TechMech
Bullboard Posts