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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: coug who wrote (30526)	8/12/2011 8:59:31 AM
From: Wade	Read Replies (1) \| Respond to of 48092

Its earning is excellent, but not unexpected. This is an excellent post about AG at Yahoo board: Re: Hate to see if they came out with bad earnings 11-Aug-11 10:44 pm matx, if you'd owned FR.TO since early 2007, you'd have traded your way through nearly three years of sideways chop around the $4 level before the La Encantada mine expansion finally reached full production; just perfectly as silver broke out. Seeing 25% swings in this relatively low share float pure silver miner puts a smile on my face. What more could you want? You are a price picker, lol. Trying to judge the quality of AG and pick a bottom vs. any other silver stock is running yourself in circles, IMO. Each miner is going through various expansion phases, and are subject to manipulative attacks. Do your own DD; First Majestic looks like it will remain near the top of the sector for at least the next 3-5 years as they double production without further share dilution, while maintaining nearly pure silver revenue exposure. If you think silver will be $60 or $70 in a few years, don't stray too far from the best quality/beta silver stocks you can find, buy a few shares when each is under attack and sell a few on the rallies. I probably won't ever hold any lot of shares all that long, but I ALWAYS have a series of lots at various price points open with First Majestic.