First Majestic and First Mining Finance are both p& d jobs over last two years thanks to Keith Neumeyer and Daniel Ameduri , his mouthpiece , a lot of investors are stuck in particularly First Mining Finance. Keith recently also claimed gold /silver ratio should be 9 :1 ,manages to get new investors excited and trap them.His argument is gold and silver occur in the ratio of 1:17 in earths crust, but since only 50 percent of that silver is recoverable says the ration should be 9:1. Leave alone all these tricksters , we ourselves know that silver is the only metal that has not gone up at all.
M1 money supply in USA has gone up four fold since 2009 till now, in India from March 2000 to March 2017 M1 money supply has gone up eight times, Europe is printing new money 45 billion Euros every month for last few years. So world over , both in developed countries and developing countries the M1 money supply has gone up atleast three to four times in the last ten years.The central bankers do not want gold and silver to go up as we all know, but fundas will assert at some point , we are waiting for that day patiently thats all. If see the GSCI Commodity Index Vs S&P500 chart , we can see commodities are lowest in last fifty years, so all precious metals and commodities have to go up a lot in next many years. The bull run in precious metals and base metals are just getting delayed, in my view point it is in a way good as we are getting more time to accumulate even now.
Avi Gilburt an SA author and owner of Elliotwavetraders.net , has thousands of paid subscribers ( they will not pay year after year if he is not good ) , if you see this last three articles in Seeking Alpha on PM sector he clearly says that the bull run has to start at some early point, latest early next year & probably much earlier . His track record in S&P500 predictions has been excellent over last few years and so he is obviously not a joker like one may assume.
SVL co mgmt has been of poor mettle in the past, but after they got Bowdens from KCN, they have done a fairly decent job I would say. Bowdens is so vast in size and complexity, the good news can be never ending with a good management. Did some research on Battershill, he is also not an easy going armchair guy, he has got into SVL and Black Dragon Gold, seems to be having the proclivity to hunt whales and not elephants.
Net net things seem to be getting into alignment.
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First Majestic and First Mining Finance are both p& d jobs over...
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Last
10.0¢ |
Change
0.003(3.09%) |
Mkt cap ! $149.2M |
Open | High | Low | Value | Volume |
9.9¢ | 10.5¢ | 9.9¢ | $336.3K | 3.366M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 9304 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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10.5¢ | 3120740 | 42 |
View Market Depth
No. | Vol. | Price($) |
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5 | 126771 | 0.058 |
2 | 232500 | 0.057 |
6 | 401190 | 0.055 |
4 | 470000 | 0.054 |
5 | 239434 | 0.053 |
Price($) | Vol. | No. |
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0.057 | 50000 | 1 |
0.058 | 30000 | 1 |
0.060 | 598824 | 6 |
0.061 | 259906 | 4 |
0.062 | 42000 | 2 |
Last trade - 12.18pm 04/12/2024 (20 minute delay) ? |
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