AG trade ideas
FIRST MAJESTIC SILVER CORP (AG) Watch This Go to Moon In a Year
Hey investors, I'm net long silver miners. With stock market crash already unfolded I believe this is the only place you can put your hard earned money. I'm planning to hold this for a minimum of one year.
Feel free to ask for advice under the comment section
Not a financial advice.
Silver prices are going to crash! First Majestic Silver might be signaling big silver crash in price and the next coming depression. Everyone who bought into inflationary assets are going to get hurt IMO. Don't go all in on inflationary assets it's best to diversify because things don't always go the way you think it will. May be at least not in the short term and that can hurt you and might force you emotionally to make wrong choices. Trade safe my friend!
Cycle Low in Silver, Gold? Inflation Hedges Take Off NYSE:AG MCX:SILVER1! AMEX:GDX TVC:GOLD
It takes zooming out at least 20 years to feel good about buying gold or silver, traditional inflation hedges.
It's been a boring asset class since the Federal Reserve began its most recent monetary experiment, but as we all know, the piper will get paid.
Regardless - silver (shown) and gold are hinting at cycle price lows. After breaching a year-long trendline and triggering selling pressure, silver prices held support over the previous major low before forming what now may be a H&S Bottom, as defined by Edwards & Magee (1951).
AG LONGDear gamblers,
Seems that AG has retraced enough. We open long right at 12.33 USD with stop loss at 10 USD looking to target 40 middle term.
Silver is a "commodity" that attracts me because of its scarcity and industrial need for batteries.
Let's see if it plays out.
** This is not financial advice, do your own research before risking money ***
Kind regards,
AG breaking important support on my trendlines.. a couple outcomes for AG here, if spy continues bearish/it holds this downtrend channel thats very tight than it can bleed slowly and continue to TP 2 and possibly lower. but if we break back over the longterm trendline support which is now resistance. then we can build off that and continue higher. lets not be perma bulls or bears. trade whats in front of us and do what we can. good luck! please like and follow for more ideas. <3