My TOP10 picks list in (Silver & Gold) Mining companies 2/10

8 апр.

Now that cryptocurrencies are taking a breather and that GOLD is making new ATH after new ATH, it is time to come back to my list of Minining Company Picks.

First Majestic has 2.4 B MarketCap and is a mostly pure silver producing Blue Chip Mining Stock.

First Majestic Silver Corp are a silver focused emerging major with four producing mines in Mexico and USA, one mine in development in Mexico and three exploration properties. Currently they produce roughly 22.0Moz. of silver per year. They have approximately 630Moz. of silver in the reserves.

The technical set up of this stock looks truly amazing: after breaking down of the rising bullish wedge, has been forming a bullish wedge for 3 years. Recently it broke out of this bullish descending wedge, backtested the brekout and formed a bullish hammer on the 6M (halph year chart) !!!

I cannot overstate how bullish this set up looks to me !!

First Majestic Silver is one of my biggest Mining Positions in my portfolio. There is no doubt in my mind that this stock will trade into triple digits in the following years !!