"Cash, cash equivalents and gold bullion (at market) of $334.4 million up $37.1 million from June 30, 2014, with the cash position increasing $50.3 million or 42%." This stock worth at least $7 now.
Keep selling, you morons.
Idiot, It's been up and down, but the main point is, this is a $30 stock. And downside here $1.50 while Upside is $30.. And you cannot short Stocks under $5, cause it's not marginable, so? Get lost, moron.
Another drunk CNBC clown, Based on what "1045 GOLD" based on Extra 4 trillion printed out of thin air?
Based on COMEX paper fraud? Or based on Goldman SUCKS jawboning?
In any case DOW at all time high, think about, what resource / energy stocks doing at all time low?
I mean PM miners has been falling no matter what during GOLD been between 1200-1250 3 times already,
but Miners keeps falling, WHO ARE THOSE SELLERS? Stupid Naked shorts? This is not just about SAND
entire industry getting killed by paper Fraud... Keep selling GOLD will still hit 5K in 5 years, guaranteed!
Yeah, funny isn't it?
This sock worth at least $10 now and $30 later.. $1 Joke.. At this point it doesn't matter.. Shares are
36 Years LOW in Participation rate? Yeah, I guess if From 100 mil People only 20 mil looking for JOB and 18 Mil of them Working you can call it Full Employment, what a Scam.. Same Goes for Inflation.. Inflation in US at least 5-8% a year in UK 15% or more and those Idiots talking about DEFLATION? Well I guess they never shop or pay any bills and leaving on Mars..
Upgrading at 30$ and downgrading at $4? Those morons are insane..
Dude, you are an Idiot, You gotta find out how much reserves they have underground. 100's of Billions of $ worth yeah even if GOLD at $1k.. Chapter 11? Based on what? Just stock price? This is $30 stock still.
Ones GOLD hits 1500 later, watch and learn.
Are You sure? Looks like Stupid Shorts keep shorting this stock at all time low, looks like it..
$30 stock you morons, ones GOLD goes above 1500, in few months.
Stop all mining operation now, Or Crooks will take down Paper GOLD spot to Zero.
Stop Supplying US/UK Criminals!
"The price of the dollar can't be sustained at these levels as it disrupts oil prices of countries we tie into and hurts their economy as not to mention the dollar strength is now hurting american companies around the globe."
Who told you that DULLAR is rising? All FIAT is falling, One falling faster than the other one, At the moment EUR falling faster than a Dullar, but they are all falling, because no Fiat currency ever control the float.. Unlimited Printing.. You cannot print PHIZ GOLD/SILVER but You CAN and then DO
print Paper Futures and Selling them Naked, Since nobody in UK/US asking for Delivery and everything settle through CASH, They don' t even need REAL GOLD, Few OZ in Vaults can do it.. SCAM must Go ON!!! F* Dollar, F* Fake US Market F* the FED!
Just wait and see. Ones this DOW bubble really burst, GOLD will skyrocket. DOW target Below 10k.
Everything is Fake Recovery, Unemployment, No Inflation? Sure, keep printing, Thanks.
Paper Scam cannot run forever:
"Fast forward to today, when as noted over the past week there has been a massive shortage of precious metals - most notably silver which as of this moment is indefinitely unavailable at the US Mint - as a result of the tumble in the paper price, and following 8 days of sliding and negative 1 month GOFO rates, today the physical metal shortage surged, as can be seen by not only the first negative 6 month GOFO rate since last summer's much publicized gold shortage when China was gobbling up every piece of shiny yellow rock available for sale, but a 1 month GOFO of -0.1850%: the most negative it has been since 2001!
Said otherwise, the physical shortage is the worst it has been in over a decade, even as the price of paper gold continues to drop!
What is GOFO (Gold Forward Offered Rates)?
GOFO stands for Gold Forward Offered Rate. These are rates at which contributors are prepared to lend gold on a swap against US dollars. Quotes are made for 1-, 2-, 3-, 6- and 12-month periods.
Who provides the rates?
The contributors are the Market Making Members of the LBMA: The Bank of Nova Scotia–ScotiaMocatta, Barclays Bank Plc, Deutsche Bank AG, HSBC Bank USA London Branch, Goldman Sachs, JP Morgan Chase Bank, Société Générale and UBS AG."
Tue Oct 14, 2014:
Produces 3.5 Million Silver Eqv. Ounces in Q3; Postpones the Sale of 934K Silver Ounces of Inventory
First Majestic Silver Corp. (“First Majestic” or the “Company”) is pleased to announce that total production at its five operating silver mines in Mexico for the third quarter ending September 30, 2014 reached 3,523,536 equivalent ounces of silver, representing a 5% increase compared to the same quarter in 2013.
Total silver production for the quarter consisted of 2,680,439 ounces of silver, relatively unchanged compared to the same quarter in 2013. In addition, 9,703,792 pounds of lead and 3,222,877 pounds of zinc were produced, representing an increase of 14% and 44%, respectively, compared to the same quarter of the previous year. Also produced were 2,781 ounces of gold, representing a 5% decrease compared to the third quarter of 2013.
…..Silver prices declined 19% in the third quarter representing the second largest quarterly decline since the financial crisis in 2008. As a result of this weakness, the Company decided to temporarily suspend silver sales in an attempt to maximize future profits. This suspension of sales will result in lower revenues and earnings for the third quarter, however, it is likely that these inventories of unsold ounces will instead be sold in the fourth quarter. As of September 30, 2014, approximately 934,000 ounces of silver were held in inventory.
Fiirst Majestic Production Table
First Majestic suspended the sales of 943,000 oz of silver in Q3 2014, which again was 35% of its 2,680,439 oz of production that quarter. They may elect to sell this silver in Q4, if the prices are more favorable.
While this is only a small part of the primary silver mining industry’s overall production, at least First Majestic is trying to set a precedence by standing up to the manipulated low price of silver. If other companies joined the band-wagon and held ba
I hope this is only start, We need to Take supply out of those Crazy Crimex paper Crooks, Enough is enough already. Food prices skyrocket but they telling us there is no Inflation? Cannot eat or touch Futures people,
It's all Paper Fraud!