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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
Comment by tictactoe111on May 05, 2011 11:42am
476 Views
Post# 18534694

RE: RE: margins increase good or bad

RE: RE: margins increase good or bad
In many ways this Silver manipulation is very different than those that proceeded it. For one it started AFTER a large short covering by the cabal all the way up from $35. They were covering as they lost money which is very odd for these market riggers. That will be seen in April's Bank Participation Report that gets released Friday. There was also no extreme COT positioning right before the slam as in previous raids. These are some very important issues that I think point to by belief that "It's different this time".
 
I have no doubts that JP Morgan is the one covering on the slam down from $50 which will likely put them at their lowest short position in years when the numbers are released for April and then more covering for the month of May.
 
Everything points to the END GAME.
 
For those of you who trade silver...BEST OF LUCK catching the bottom. If you are able to time the bottom of this slam I'd venture to say that you were lucky. The move up from the bottom this time will likely be jet fueled and if the Bad Guys don't short on the way up you will surely miss the long awaited "Silver Moon Shot". Then again they may naked short down much farther and then claim some kind of Force Majeure...it should scare you as to what may cause this! (War, Terrorist Attack, Earthquake, Banking Collapse...you name it and it is on their list of potential ways out)
 
For those of us with a weak gastronomical constitution you should be very glad to be sitting on the sidelines with physical silver stashed away and out of their clutches.
 
My take...this is the final-final for the Banking Cabal and it FEELS like something very BIG is about to happen.  Brace yourselves for a bumpy ride.
 
May the Road you choose be a Right Road!
 
Bix Weir
Bullboard Posts