First Majestic Silver Corp. (NYSE:AG)

CAPS Rating: 4 out of 5


Player Avatar TMF1000 (99.70) Submitted: 8/25/2011 1:12:15 PM : Outperform Start Price: $22.25 AG Score: -91.60

I think it is important to have a silver stock. I have resisted the temptation, but I have decided it is a good defensive move for now. Their last earnings report was excellent. I don't see silver going down anytime soon.

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Member Avatar bikenboards (< 20) Submitted: 9/6/2011 12:13:57 AM
Recs: 2

Not the cheapest silver miner for their current proven reserves, but there are some geologists thinking they may have some huge increases in reserves when the next round of drilling is complete. Potential huge gain, potential disappontment. If you like the physical stuff, you can also buy bullion directly from First Majestic. The price of silver will most likely have price convulsions again, just like last spring. Just don't lose faith on the drops. If silver takes a 20% (or more) drop and you get scared, call any bullion dealer and ask how long it will take to get a monster box of silver eagles. It will likely be 6-8 weeks due the surge in demand from bullion buyer worldwide.

Other good silver miners to consider are SSRI, CDE, and MVG. SLW is a great royalty company. They have contracts/royalties for the silver produced as a byproduct from other mines (gold/copper) without the risk of running a mine.

Member Avatar reflector (< 20) Submitted: 10/13/2011 4:48:43 AM
Recs: 2

i agree with your overall sentiment, but, important to have "a" good silver stock, as in just 1?
how cute.
i am more than 50% invested in silver right now, it has such huge potential given the current climate.

this recent big dip in silver price is a huge buying opportunity.
and yes silver may drop a bit more, wouldn't surprise me, but so what, i am not a day trader.
i have a little bit of cash on the sideline and i'm ready to go all-in if silver goes 20% lower from here.
i'm sure silver will be quite a bit higher a year from now, by then greek default, banking collapse, and qe3 will have all worked their way through the system.

AG earnings steadily growing, revenues steadily growing, price of silver bull market long term, what's not to like?

i don't consider AG a defensive stock at all, rather an offensive one!

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