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was down 1% at the open, now up .5%

Will be interesting to see if the Yuan/Oil exchange has any impact. The Shanghai gold exchange didn’t but oil is a lot less manipulated.

I still wonder what this dollar weakness is all about

GLD makes it back to pre-market levels, silver still has 5 cents to go

It’s been a grind but beats the alternative

http://incakolanews.blogspot.pe/2018/01/primerowheatonfirst-majestic-winners.html

JPM Reports Mystery $143 Million Loss To Unnamed Client As FICC Revenue Tumbles 34%

https://www.zerohedge.com/news/2018-01-12/jpm-ficc-revenue-tumbles-34-reports-143-million-loss-unnamed-client

surprised the silver shares are doing as well as they’re doing

From A tweet J Woods copied from dumb lemon.
We bring people from shit hole countries because shit hole democrats need shit hole votes so they can turn America to a shit hole.

Gold moving right back up. The rig has a limit on it. Too bad we don’t know when it fails!

What do the miners do when gold makes a bitcoin type move? 🙂

Definitely better action than we’ve seen although you can still feel the heavy hand sitting on the metals and shares.

The rig just won’t let us really run like they do with the SM.

GLD and SLV have to fight for every penny move up, then get pushed right back.

spot gold

WPM is benefitting from the First Majestic takeover of Primero, I guess on the hope that AG will be able to turn Primero into a decent producer instead of the filthy pig it’s been for a long time.

I hope AG knows what they’re getting into. Neumeyer is a smart guy, we’ll see.

Regardless, I’m glad to see WPM up, it’s one of my largest holdings and offsetting the losses on AG today.

Years ago $9, bottomed a month ago at .45 cents, today, .81 cents.

http://finance.google.com/finance?q=akg&ei=otJYWviBHNSueaHUkcgE

need to wake up

of course Levin is spot on, he’s an interesting guy to listen to

Anyone who’s been around the world know that a lot of those countries are shitholes, us deplorables know it too, Trump just said what all the rest of us say or think. So effing what?

Contrast to Pelosi trashing “5 white guys” doing immigration. That’s just flat racist from an elitist white woman. What a dingbat.

instead of s-hole…would the traitorous, stab-in-the-back,  left wing media have said a word?

Mark went on to say “why is it OK to disparage our own citizens [deplorables} but not say anything negative about any other country?

Sorry to say, this country needs martial law and a temporary fascist regime to straighten things out…

““wait and see”

LOL We’re Pros at that!

I guess at least he did Silver Wheaton a favor, their shares are doing OK

“wait and see”

We do a lot of that.

yeah maybe, we’ll see how they end up doing. Metals just drifting lower for no reason, hard to see the shares doing anything different.

Hope you’re right though.

Funny, I go into every new year optimistic about pm’s…

I dunno. These things are never beneficial to the acquirer in the short term. Longer term … we wait and see. Hopefully it’s successful.

Probably only a hope…but for years now every gap opening in PM shares has been sold back to unch or lower, so maybe a few Algo’s will trade that…..but tdy it looks different, like the sellers are on their own…..buyers may spank e’m.

Maybe Neumeyer ought to consider doing deals when his stock is a little higher.

It might be a decent longer term move but in the short term it is idiotic

about Trump is his similarity to Reagans plain common sence approach to problems  and lack of WEASEL Political slick Willie type faults of character …The differences are Reagan had a lot of Sophisticated class with a little tinsel town gloss but Trump has Class ,but with a Industrialist builder Patina durable mentality so lacking in the country ..he’s the right man at the right time .

rates dripping back down off the highs

G & S earlier gains still cut in half when they should be soaring

The beat goes on

All amounts are in U.S. dollars unless otherwise stated

VANCOUVER, British Columbia and TORONTO, Jan. 12, 2018 (GLOBE NEWSWIRE) — First Majestic Silver Corp. (“First Majestic”) (TSX:FR) (NYSE:AG) (Frankfurt:FMV) and Primero Mining Corp. (“Primero”) (TSX:P) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) whereby First Majestic will acquire all of the issued and outstanding common shares of Primero (the “Arrangement”). Under the terms of the Arrangement Agreement, all of Primero’s issued and outstanding common shares will be exchanged for First Majestic common shares on the basis of 0.03325 of a First Majestic common share for each Primero common share (the “Exchange Ratio”).

Concurrent with execution of the Arrangement Agreement, First Majestic has entered into agreements with Wheaton Precious Metals International Ltd., a wholly-owned subsidiary of Wheaton Precious Metals Corp. (“WPM”) whereby, following closing of the Arrangement, the current silver streaming interest at Primero’s San Dimas silver-gold mine (“San Dimas”) held by WPM will be terminated and First Majestic and WPM will enter into a new stream arrangement based on 25% of the gold equivalent production at San Dimas (the “New Stream”) with ongoing payments of $600 per gold equivalent ounce delivered under the agreement. As part of the transaction, WPM will receive 20,914,590 common shares of First Majestic having an aggregate value of $151 million.

The Exchange Ratio implies consideration of C$0.30 per Primero common share, based on the 20day volume weighted average price of the First Majestic common shares on the Toronto Stock Exchange (“TSX”) for the period ending January 10, 2018, representing a 200% premium to the weighted average price of Primero common shares on the TSX over the same period. The total transaction value is estimated at approximately $320 million, consisting of First Majestic equity to be issued to Primero shareholders and WPM described above and certain additional amounts payable in connection with the Arrangement, including repayment of all amounts owing under Primero’s existing revolving credit facility, net of Primero cash on hand and the expected repayment of Primero’s $75 million of outstanding convertible debentures and various transaction expenses.

more https://www.firstmajestic.com/news/2018/index.php?content_id=342

Nice premium!