Get started
FIRST MAJESTIC SILVERFIRST MAJESTIC SILVERFIRST MAJESTIC SILVER

FIRST MAJESTIC SILVER

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

FMV trade ideas

The Squeeze of the century (180% Target) GME WHO?I'm sure everyone is only reading this because you have heard of the #SilverSqueeze that's trending everywhere. If you are congrats. You're smart enough to know that investing in Miners is the smartest play of them all, which will most likely yield the greatest returns. I'm not going to give my full Investment thesis, because I don't feel like typing that much (Look at my other ideas I'm already breaking records with more than 1 sentence). So I will break down the whole #SilverSqueeze situation very simply So. Banks around the world manipulate silvers price by inflating the amount that exists artificially (Paper contracts) Because of this many Banks and institutions are massively short on silver. With the inflating of supply with these paper contracts (Let's call it fake silver), they aren't actually storing as much physical silver as they normally should be. Now to mess up the banks people are buying a bunch of physical silver (that banks don't have a lot of) to not only clear their vaults that are already low in volume already (The lowest in history) but to raise demand. Not only will this increase the price of silver, but it will also liquidate their massive short positions, thus causing a short squeeze sending us to the moon. Why AG? We are playing AG because it's a silver miner, and the demand for them will inevitably skyrocket when these banks/institutions will need more silver to meet the demand. Since #SilverSqueeze, AG has been the leader in the Silver sector gaining almost, 60%+ in the past couple of days. Also, it had the highest short interest in its history :) You know what that means? Thats right. Double squeeze, One when silver squeezes and one when AG squeezes. If you don't believe in my fundamental case, I don't care. Look at the chart. That's the most beautiful thing I've ever seen in my god damn life. Don't ask me to stand up while I'm looking at that beauty. Breaking decade long trend? On HISTORIC volume? After 5 year-long accumulation cycle of higher highs and lower highs? It's a wrap. Historic searches in Google trend imgur.com Outpacing any other 'short squeeze searches' imgur.com Top Silver miner CEO says they are running low on supply, hinting this could be a trigger twitter.com Top silver sites are already running low on the amount of Silver available in the market place twitter.com twitter.com Short interest on AG at all time high twitter.com Silver Supply is the lowest in a DECADE imgur.com I can honestly go on, but you get the point.... Buy the damn stock and wait for that 180% target.
NYSE:AGLong
by johnwright35879
1
AG LONGI've always been a big fan of precious metals as its a big part of my portfolio (physical and paper). I've been following AG for some time now and its looking like it might be a good opportunity. As you can see in the chart, there was a huge move up after a big sell off. It's also important to track the actual price of silver which for the past 2 days was hovering around $25. Yesterday silver picked up the pace and is now on the move. To some degree, AG does mirror the movement of silver. Entry: $11.50 1st Target $20 2nd Target $26 (previous ATH in 2011)
NYSE:AGLong
by Visionary
First Majestic, the chalice of wealthRegardless of the wall street bets antics, I have been watching this pattern, both the wedge and Adam and Eve bottoming pattern that both project to mid $30 - 40's area. There is some resistance from the all time highs that may cause short term issues but I believe that the serious momentum and stupidly high short interest (23%!) will get this thing moving. Been in and out of this stock since $9... but I am here for the moonshot now. This is the best liquid silver miner with Calls btw.. monthly close today near of above the $20 seriously cements the bullish case. Possible short term weakness if brokers decide to stop offering calls/ try to manipulate the market so their friends don't get their shorts squeeze. BUT, don't mess with the internet, This will just send it higher in the end eventually. You can join the cult and go extra long with me by buying bullion from their website, fairly priced and beautiful! Good luck to all. LFG! Amen.
NYSE:AGLong
by rjtchch