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First Majestic Silver Corp. Message Board

  • quailrunrd quailrunrd Dec 21, 2012 2:48 AM Flag

    Stop the hemorrhaging

    AG has taken some body blows in the last couple of days but today the blood flow seemed to ebb a bit. Very good sign in light of the crushing drop in silver price. First we had the dilution of shares from the new acquisition. Then we had the multi-day dump in silver prices. Silver prices trump fundamentals in this company's outlook for now. And silver and gold prices are now confusing the staunch gold/silver bugs in light of the the central bankers printing so much fiat. So.....we wait and watch. Volatility will be gut wrenching but the future always remains bright. Printing trillions of fiat bucks to finance/feed ever growing government appetites never ends well...except for precious metals. Still holding strong! AG now has tremendous reserves and great management....regardless of what bashers may claim. Hold and prosper. `

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    • Whew! Mayans wrong- hope you're right. The paper pushers can tell you anything they want as far as the "official" price of the metals go, but at this moment, AG is not selling their bullion for $30- it costs an additional 10%(see web site). Now if all the longs at the CME step up to the plate and say "I'm taking delivery" (regardless of the bogus print- and this has actually happened before)- then we have our fireworks

8.26-0.10(-1.20%)1:54 PMEDT