Major Discovery by Junior Producer to Harm Silver Price?

[beauanderos]

A bit of investigative reporting, says silver guru Jason Hommel, uncovers the real reason behind the seemingly meteoric price rise of mid-level silver producer First Majestic Silver in recent months. First Majestic, traded on the American Stock Exchange under symbol AG, has climbed faster than any of its kin in the smallish group of junior silver producers and explorers. "And there's a good reason for that," states Hommel, mirroring the advice given subscribers of BullionBullsCanada.com by subscription newsletter investment writer Jeff Nielsen. Per Nielsen, "I used to favor Great Panther, but clearly First Majestic will outperform going forward." This is due to recent developments of drill results showing incredible silver-bearing veins in the region the company refers to as the Bastante Mas Plata field. This field, when developed and brought into production will be capable of producing fifty million ounces a year of silver, making this recent discovery the largest pure silver mining strike in years. States Emilio Dinero, one of the directors of the company, "this is as big as Comstock, we're all going to get rich." April Fulze, company secretary, stated "even I am acquiring shares through our profit-sharing program. My 401k is growing like gangbusters."

Although I do like the prospects of this company, please do your own due diligence... it could all be hype, after all. Some people will believe anything. Could this much silver coming into production ruin the supply demand ratio?

[whatsnext]

Offical numbers are almost always wronge. Mines across the world have not let the cat out of the bag yet until the price gets higher.

A mine has no incentive to flood the market with cheap silver if the price is low (keeping it low or lowering to their detriment.

It is going to be a long bumpy ride.

EDITS= Tee Hee Hee,,, eye'm is du april fuol
I did not know it was april 1st until 9 that night.
A legitimate concern reguardless of if it is a joke right now. He who laughs last laughs best. I laugh alot anyway.

[aloneibreak]

ahh i love the articles that always come out on this day ...

[shinnosuke]

ahh i love the articles that always come out on this day ...

Yep, the company secretary has a great name.

[fasteddy]

Nice beaunderos...keep at it...we love it....

[Treetop]

Dang i should of realized this was a joke. i just freaked out and sold my entire stack of silver!!!

[beauanderos]

well, the price of silver did drop about 45 cents today. How many people read the danged thing?

[Treetop]

april fools.

[Mossy]

well, the price of silver did drop about 45 cents today. How many people read the danged thing?

There is a hole there. This might be why?

We need a smiley that combines eye rolls and a smile.