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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

Post by BaldSilverHeadon Nov 01, 2023 12:33pm
230 Views
Post# 35711506

Metals fall before equities

Metals fall before equities Not all the time but usually and recover before equities as I think their investors are more wary and knowledgeable. My opinion is that we will fall from here, equities will collapse as well into March 2024 when the feds little saving the banks and their underwater loans program expires. This loan buyback program will then be renewed and the fed will then open the spigots and start rate reductions. The dollar will then start its retreat and we have another fiat induced equity boom before busting again and again until it doesn't work anymore. I honestly think this will be the last major upcycle aka the great hurrah, mainly because of the election cycle (it will last past the November vote) and media / plunge team still maintain dollar effectiveness and control. However dedollarization will eventually minimize that effectiveness and control, with each following cycle smaller and smaller until we are broke. Our so called leaders have not shown any effort to fix things (diplomacy and negotiation) they and their self serving fraudulent actions will have to be replaced ( prolly by force) before any recovery can be made either globally or domestically. Leaders will emerge in times of hardship and wealth will be wiped out as we go thru bankruptcy. Again just my feel for it all. 
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