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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 Wellandon Aug 09, 2011 6:00pm
349 Views
Post# 18923779

RE: RE: gold and silver relation?

RE: RE: gold and silver relation?COMEX has decreased the margin required of gold to 4% where silver has remained the same at 12%. This makes gold more attractive to traders since they can control more money with the same $1.

The COMEX silver inventories are at a historical low and their doing everything they can so that investors are less attracted to silver.

Since JPMorgan and others PIGS are technically bankrupt because of the large amount of silver shorts, the elites are doing everything they can to save them. Their next move might be to create a new financial crisis so that these PIGS could dump their naked losing silver shorts to the government like it was done in 2008 with their sub-prime mortgage loans.

These PIGS privatize gains and socialize losses!

Bullboard Posts