Whatever was the alleged controversy over First Majestic Silver (AG) and that firm that was calling for a 70 to 80% decline in its price, which was resulting in some wild volume spikes last week… It was just as obvious that the price action in it was tracking everything else just fine… or, in other words, it really didn’t matter what that firm was saying… traders and investors were taking advantage of every move downward, to buy it back up.
My own source says it’s a perfectly fine mining investment, so, I have just bought back in, so as to gain more exposure to the miners. I bought a chunk of AG moments ago, and hope I get no surprises. Look for it back in today’s analysis after the close.
Here’s to your accumulation of real wealth!
Harold F Crowell