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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. 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

First Majestic Silver Corp
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•••
Comment by goldguy007on Oct 06, 2014 3:18pm
232 Views
Post# 23003208

RE:Gold / Yen

RE:Gold / Yen

Speaking of the USD, here is the 3 year chart.

https://stockcharts.com/h-sc/ui?s=UUP&p=D&yr=3&mn=0&dy=0&id=p87079080592

Note that RSI is more overbought than anytime in the past three years and price is pressing old highs.

Look how far price is above 200 DMA.

Still oldfx likes the USD up here and a short Yen trade.

I would say to oldfx the same thing that Clint Eastwood said in “Dirty Harry”.

How lucky do you feel?

LOL.

I closed my Yen short two days ago because the Yen was way over sold.

I am not sweating a Yen rally and if it occurs I will look to short again if price gets back near 50 DMA.

That comes in at about 95.

goldguy


Bullboard Posts
Dealroom for high-potential pre-IPO opportunities