Silver Miners in Mexico: Nationalization Risk. We Want to Issue another SELL Warning to Our Subscribers.
Silver Academy issues it's strongest SELL RECOMMENDATION
First Majestic Silver (AG) is only up 12% this year, while Silver spot price is up 29%
It's crucial to note that First Majestic Silver (AG) has significantly underperformed this year, with a mere 12% increase, in stark contrast to the 29% surge in the Silver spot price.
This is a noteworthy deviation from the norm, as the miner typically moves roughly 2x silver.
And no, their entire cost structure didn't change in 6 months, so that's not it.
Below are some transcripts from campaign speeches and press coverage surrounding María Luisa Albores González, Mexico's passionate and popular Secretary of the Environment and Natural Resources.
She is the first secretary in this position to launch such a grassroots coalition of Campesinos, Trabajadores (peasants and workers), and environmental activists.
Based on our transcript, (below) she signals that Mexico is moving towards Nationalizing Silver.
We are issuing a SELL YOUR SILVER MINING POSITIONS if they have operations in Mexico.
A esta luz, declaramos que el pueblo de México ha sido oprimido y explotado por intereses corporativos extranjeros, particularmente de los Estados Unidos y Canadá, que han extraído los ricos recursos naturales de México como la plata y el oro para su propio beneficio en lugar del beneficio del pueblo mexicano.
translates to:
In this light, we declare that the people of Mexico have indeed been oppressed and exploited by foreign corporate interests, particularly from the United States and Canada, which have extracted Mexico's rich natural resources like silver and gold for their own profit rather than for the benefit of the Mexican people.
The Silver Academy was one of the first to sound the alarm based on these reports:
We will be releasing the entire transcript as soon as we send it through the editing department