First Majestic Silver Corp. (AG)

[Bountiful_Harvest]

Actually, both David Morgan and Michael Belkin have First Majestic as a favorite for this year. The thing I like about First Majestic is that its such a high beta stock. Its like silver on steroids. However, the reverse holds true when silver goes down, as we witnessed last week. I've got cash on the sidelines waiting to see what silver and the dollar do this week. Its true I may miss out on a few bucks if silver opens way up tomorrow, while not having my original AG position, but if its down, then more stops in First Majestic will be executed. IDK, maybe hold half the AG position, and if share price drops another .50 cents or more, then buy that half back for a stronger position?? And if it opens up then you are still ok.

I added to my MWXRF position last week, in which the silver price doesn't matter on that one. David Morgan is the one who alerted me to that one as well.

I strongly believe silver is going up and the dollar is on its way into a death spiral, but no one can say exactly when. JPMorgan may not be finished with their silver price manipulation just yet. You would think 675 million ounces of silver in JPM's coffers is enough, but who knows. That 2 million ounces of paper gold sold last week at the close was interesting.

All my humble opinion of course.