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First Majestic Silver Corp. (AG)

NYSE - NYSE Delayed Price. Currency in USD
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18.95-1.16 (-5.77%)
At close: 4:00PM EST
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  • T
    Tom
    IR replied:

    As of the last 13F filings (01/31/20) -
    Eric Sprott sold 700,000 shares, leaving him with 4,300,000 shares.
    Wheaton Precious Metals sold 11,189,590 shares, leaving them with 7,155,000 shares.
    Keith Neumeyer added 125,000 shares, he know owns 3,769,501 shares in the Company.
  • D
    Dirk
    Take a look at the silver futures. Silver gradual rise, instant major smash, silver gradual rise, instant major smash, each time when we approach 28 USD. Good sign. They smash, and people buy. The pressure from industrial metals is rising: copper, nickel, aluminium, zinc, lead are all rising. Silver will have to follow. Impossible to stop this.
  • J
    Joe
    Over 13 million shares were sold recently by WPM/SPROTT/NEUMEYER.
  • D
    Dirk
    $PSLV short interest is up over 10X in one month to 2.4 mil shares.
  • D
    Dirk
    All is good. With the falling bonds and the rising interest rates, there is only 1 solution left: inflate the debt away by new money printing.
  • D
    Dirk
    $PSLV Sprott Physical Silver Trust keeps buying!
    1,500,000 ounces of physical silver added today!
    122,269,984 total ounces of physical silver
  • J
    Joe
    Think about what @Tom posted directly from I.R. - 9.9% holder now (as of Jan 31st) holds 60-70% less....now your question as to who was selling is answered, in part.....and more by Eric Sprott, who's treating this as a trade instead of a long term hold....Insiders obviously sold $14 million as evidenced in simple earnings report put out by First Majestic themselves.....simply do some due diligence.
  • D
    David
    Ready for controversy? I think you would be crazy to buy physical silver right now when you can buy the silver miners instead. In fact if I had $10k to invest right now and I had a choice between purchasing shares of AG at current prices or buying silver American Eagles at $2 over spot I would buy AG w/o flinching. Here's a real story to illustrate my point: I did buy 100 oz. of silver on September 25. The price tag was $2648 (plus state tax). If I ordered it today (same product --and I can, but with a delayed delivery--) it would be $3349. But I wouldn't dare. Why? Because even though it is going to go up in value even more, it will never go up more than the silver miners. Had I bought AG instead on 9/25 at its highest point of the day my cost would have been $10.04/share. AG is up $.59 in AH, but lets just use the close of $20.11. That is more than a 100% return since the day I bought the silver rounds while the silver rounds have only gone up 20% or so. Your security is not in having the golden eggs (or 'silver eggs' in this case)...it is in having the goose that lays the golden eggs. It is all about leverage.
  • D
    Dirk
    Today is the LAST day before the silver delivery of the March 21 silver futures.
    More than 100.000.000 ounces will need to be delivered from tomorrow till the end of March.
  • T
    Tom
    I emailed investor relations. Will post reply later.
  • T
    Tom
    If "10-year Treasury yield jumps above 1.6% in a rapid move," shouldn't this be good for gold and silver? Why is the price of this stock going down?
  • A
    Audie Aram
    Im trying to go BIG on miners but I'm confused as to why AG has a higher Market cap than SSRM, even though SSRM has more revenues and is profitable ( also has dividend). Any thoughts?
  • h
    home
    when do you think the Fed comes in with more QE? How high will they let the 10 year go?
    Gold and Silver should be flying. For some reason people think the Fed is going to raise rates, but they can't.
    It's so obvious and they are even telling you that!
  • D
    Dirk
    23/02: President Andrés Manuel López Obrador (AMLO) has confirmed he has no plans to increase Mexican mining taxes. Mexico introduced a 7.5% mining royalty in 2014, along with a 0.5% special mining tax levied on gold and silver producers. Mining companies also pay per-hectare mineral rights fees and 30% corporation tax. “We are not considering increasing taxes or creating new taxes, because we don’t only have mineral rights, but also mining [royalties],” AMLO told a press conference.
  • M
    MT
    7-year bond auction was a complete train wreck.
  • T
    Tom
    6.28 : 1 Call to Put Ratio today. 90 day average is 3.65:1 . I still think the fireworks around the market the last couple days are merely the big boys trying to misdirect from the carnage that is about to come to them. See zerohedge link in other post.
  • T
    Tom
    Everyone that owns this stock needs to read this at zerohedge. It will of course get deleted if I actually had the link. Yes, there is the massive squeeze potential in silver and AG is a way to play it, not to mention all the other fundamental reasons. I'll say in advance to all the shills employed by JPM, thanks for the thumbs down.
    silver-squeeze-post-goes-viral-wallstreetbets-gets-removed-reposted-here-zh
  • J
    Joe
    I'm in coin shop right now. Talked to guy leaving with a monster box, asked if it was his first, he said no....people in front of me are buying 3 100 oz bars and bunch of tubes. I'm 3rd in line. I'm seeing 15 tubes on display (they probably have more in vault).....but definitely less all around display of silver and gold offerings compared to the past, but physical still readily available. just fyi.
  • T
    Tom
    Interesting how there is a GME and AMC squeeze right before having to meet delivery for silver. Hmmm, could this be them taking it a little on the chin in order to misdirect from silver where they know their house of cards is about to crumble?
  • D
    Dirk
    Miners are anticipating the silver 30-crossing.
    Silver in the red, and AG up 4%.
    That is not normal at all.
    We will succeed.