Americas Silver Corp fka USAPF

[maverick one]

It's complicated- but in a nutshell when I first heard Sprott was interested in USSIF- I was curious as to what his REAL intentions were. People like Sprott always have their own agendas that do what's best for them. I knew how valuable the overall Galena complex was in the right hands/outfit it could be still and when it started to trade at it's earliest I started buying it up. I knew someday, that someone like Sprott would come along and Tom inevitably would retire or move on. It just happens- it usually does.

I heard and read PR's that just were not making any sense to me. No way did I wish to sell any shares- I was prepared to keep this like I have with Hecla- only if key management kept involved.

Here are my reasons I sold off not in any order:

Tom leaving and reasons why.
Spot price was peaking- overvalued world markets.
Sprott was coming for his own agenda-all vultures do.
I had 1.5 Mill+ shares for dirt cheap.
PPS I KNEW was over valued and was destined to decline.


Here is what I did and I'd do it again next time if there is one:

I sold my USSIF off at peak.
Sold 75% of my bullion off at peak-acquired for less $7 oz.
Sat back and watched silver drop one step at a time.

Watched world markets interact and their cause and effects. When you have the price of silver climb so rapidly and this is the important part not just people were causing this-but major banks and institutional acquirers around the world. There was no way out of this when the balloon popped. I knew this- you can see the decline first a sharp one then a more leveraged sell off...because that's the way they were being forced to drop it. It was never going to go back up and I knew 100% without a doubt in the blue Montana Sky it was an impossibility.

Over Christmas and New Years holiday 2012 I decided to do this:

Started to short silver bullion and stocks. I rode it all way down to where it is today entire 2013 and into 2014. I don't follow anyone regarding when to buy and sell metals, I don't read periodicals or have subscriptions or listen to so called gurus. They are usually wrong and timing is off or they have an opinion and you should act on it. Those are the fools to stay away from. Learn yourself and follow no one but your instincts and knowledge and go for it.

Always remember when we have another recession to acquire metals and do it when they are their lowest...hold for years if need be...metals always lead out in recessions-find and locate best plays and go deep and hold. When market turns up do what you got to do- SELL.

That's it.