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First Majestic Silver Corp. Message Board

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  • zebra887 zebra887 Sep 6, 2011 7:47 PM Flag

    Getting close

    I was rather hoping today we'd see a breakout above $25 confirming all the bullishness about miners floating around on the boards and in the precious metal media. However, I suppose that the reversal off $25 on Friday was the sign it wasn't going to happen...The Swiss Franc tie up to the Euro didn't help and the strength that came into the dollar really put AG on the rocks - off 4%+. Did cover some $25 calls at the low today, held on to some $20 puts for some very limited downside protection. I'd like to see this thing vault real soon just to see all the swing players scrambling, but I suspect the dollar safe haven strength will rule the day for a while...

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4.86-0.07(-1.42%)Jun 29 4:01 PMEDT