First Majestic Silver Corp. (AG)

[StockItOut]

Chart is ugly. Triple bottom here, or it breaks lower = ouch. Good company. Big and growing silver producer. I like its CEO. One country = smart. Will that last, we’ll see over time.

AG down big from recent highs, however, still I’m up decently from purchase of Primero Mining when PPPMF was super beat-up n cheap and on the verge of BK. Primero mngt was honest and I believed them in their stated attempts to create value as they could, and to find a buyer of the company or mines. First Majestic bought San Dimas from Primero (Neumeyer mentions in his presentation). Shares jumped to meet value of the transaction and were swapped into AG. Still holding. I don’t look at AG too often. I consider it tucked away. Yet too, latest price performance stirs ideas to lighten. Might in fact suggest a good time to keep holding. If not buy some more soon.

Thing is too, that Dollar $USD is going back to 100. Will silver and gold counter the move the entire way? That could hurt, yet create some amazing mining shares value.


sio