$33 Silver! AG Adds 8%! $26 or $40 Ahead?

This video speaks about the recent rises in silver, gold, and mining equities including my First Majestic Silver (AG) shares. Most importantly, how they outperformed oil and indexes like Dow Jones. Bond markets and my short-term precious metals forecasts are also discussed.

Warning: No profit, loss, or any change in financial values is guaranteed in this video.

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[nottinmatterz2day]

hey what's up with AGQ?

[Cyrus992]

@nottinmatterz2day

I mentioned several times before...

It is decaying... The value was a lot higher about a year ago when silver was also $34.

[endlessmountain]

Odds favor $40 to hit first between those two for a couple of reasons. One a move to 26 from 33 is the same as a move to 42 to give a slim edge to the upside. I also think the odds that this 33 level if resistance can hold up to a 61.8% retracement which would mean a bottom at 28.71 and thus not touching 26.

With that said this means that if we do touch 26 then its final deflation and it should be hard from there. That is on the IF statement. The ELSE is test of 50 then 120ish

[Cyrus992]

@endlessmountain

Yeah.... The next moves are critical to see what can happen in the months ahead... I have a feeling this will retreat like crazy...

Please share this video if you can!

[spicenugs]

Hi ho silver!!!!

[nottinmatterz2day]

@tigerwillca well if you bought at the right time. AGQ had big up and down swings

[Cyrus992]

@nottinmatterz2day

I sometimes especially now and the last few months cannot deal with the risk of AGQ.

[tigerwillca]

@nottinmatterz2day For the last month; AGQ up 45% AG up 22% as the uptrend started about a month ago I would stick with AGQ...

[joeatch2]

$22

[CuteCatFaith]

"More important," not "more importantly." Incorrect use of adverb. Enjoy your vids. Greetings from France.

[guzabuza]

btw regarding AG, i believe this stock has the potential to be one of the best performing PM stocks in the next decade. Keith Neumeyer is one of very few CEO that really understand monetary issues and how CB policies effect silver prices. I hope they start paying dividends in silver! From what price do you hold AG ?

[guzabuza]

I was expecting a retest of 26 on silver and 15 $ on AG.That would made triple bottom on silver and a nice looking triple M bottom on AG. And by the looks of it AG was headed down, it broke 18 $ resistance with a downward bias.But i guess the FED move yesterday broke that decline. But still it feels like the correction is not over and silver should retest 27 and gold 1550$. But nowadays you never know with the central bankers and how it will influence prices. Thank god i bought some AG at 17,5 $