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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. The Company is focused on silver and gold production in Mexico and the United States. It owns and operates approximately 350,000 hectares of land package, which include the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine, and a 70% joint venture interest in the Cerro Los Gatos Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, 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. The Cerro Los Gatos Mine is located around 120 kms south of Chihuahua City, Mexico.


TSX:AG - Post by User

First Majestic Silver Corp
Bullboard Posts
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(4)
•••
Post by touaregon Apr 03, 2013 6:33am
257 Views
Post# 21203351

Bottom?

Bottom?

Would be interesting to hear opinions on where the bottom is for FR?

I see a lot of support between $15 and $14 and would be surprised to see that broken..

On a positive note we have a magnificent flag or pennant covering almost exactly 2 years now..

.. and a nice double bottom forming over the last 12 months..

 

I have theory that the S&P 500 will top around the same time that the PMs bottom..

(1,570/1,580 for the S&P and somewhere around 1,530 for gold??)

If I'm right this could happen soon...

I intend to short the S&P (HSD.to) aswell as buying stocks like FR..

Just my 2 cents!

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities