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Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Cosala Operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, United States, and is re-evaluating the Relief Canyon mine in Nevada, United States. The Company also owns the San Felipe development project in Sonora, Mexico. The 100%-owned Cosala Operations are located in the state of Sinaloa, Mexico and consist of about 67 mining concessions that cover approximately 19,385 hectares (ha). The 60% owned Galena Complex is located in Idaho’s Silver Valley. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility. Its landholdings cover approximately 25,000 acres, which include the Relief Canyon Mine asset and lands surrounding the mine in all directions. The San Felipe silver-zinc-lead project is located in Sonora, Mexico.


TSX:USA - Post by User

Comment by ganndolphon Jul 19, 2018 9:52pm
156 Views
Post# 28342428

RE:technically analysis

RE:technically analysiscoolfooldumbguy,

On the swing lows, the shorts appear to have succeeded in pushing the USAS stock price below the 3/15/17 swing low at $2.69 USD.  That swing low was made on 102,227 shares, and they managed to close the stock at $2.64 USD on a little over 50,000 shares.  Can they break the 7/7/17 swing low at $2.50?  That low was made on 45,163 shares, so if they throw 60,000 shares of short interest at it, yes, they could push the stock price lower for a few hours or a few days.

But IMHO, the shorts run a huge risk of getting the MUX treatment, namely a huge short squeeze that is happening on MUX even as the paper price of gold is pushed to $1210!  That is another huge joke.  Try buying an ounce of physical gold at $1210!  Dealers want a $100 USD ounce premium, so the fact of the matter is the COMEX price of gold and silver is a huge joke!
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