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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 bridgenut107on Apr 20, 2013 10:26am
196 Views
Post# 21280419

RE: Armstrong looks for further declines

RE: Armstrong looks for further declines

hey this guy  is no idiotthe question is  are the bg boys finished  shorting......at what point  does it simply not make sense  not to short  but to be on the other side of the ledger...the long side .....to this point  is there any evedence that there has been a switch to the long side ......could in fact Armstrong be right  that the endless pckets  can drive the prise down another 200  ...below the cost of production...at the end  you ask  for what cause ...isnt this enough......just asking ...another thought....somewhere along the line there is a diconnect  between what the physical sells for and the paper quote.....if silver dollrs are trading  10 dollars above spot if gold is trading at 300 dollars above spot in the physical world , surely  the constant shorting  will simply nake no more sense .....another thought   ....somewhere along the line  physical price must go to the paper price ...does it make sense that the physical moves towards the paper  or that the paper must eventually goto the  physical.......I can tell you this  there will never be a place in the world where you can buy gold at  1375 in the form  of physical   and even if you could would you get delivery.....as soon as folks think they will never get delivery for any or all portions of the gold they contracted for the jig is up......so the fianl question is  are the odds  of going to 1100 better than the odds in a slightly longer period of time  say a few months  of going back up to  say 1500 or the magic number 1525......finally will JPM et al ever be held accountable ....does any entity  have the balls  and the power to make it right ...blah blah blah

Bullboard Posts