RE:RE:I am back in here after years (as of a week ago)
Silver Storm, with new high and bonanza grades at a closed mine they bought from First Majestic, got slammed 21+ percent today. I think these batterings in Mexican miners are entirely related to the threats from the new president-elect in Mexico. The market may be overreacting, given that she was not elected dictator. She still has to work with the legislature, and I think they will resist a general nationalization of mining. I could be making the wrong choice, but I will hold onto Silver Storm and Aztec for now.
Thank goodness my several other mining holdings are in super safe jurisdictions—the US, Canada, and Australia. Over the years, I've been stung in several different other countries. I never could have believed that Mexico would go this far to the Left.