We have recently published 10 stocks of crushing power Wall Street – 7 to all time. FIRST MAJOTIC SILVER CORP. (NYSE: AG) is one of the best performers on Tuesday.
FIRST Majestic’s actions skyrocketed for a new summit of all time on Tuesday, reflecting the cash prices of money, while investors positioned themselves before a much awaited interest rate drop this month.
During intra -day negotiation, the action climbed at its highest price of $ 9.62 before ending $ 9.61, up 5.14%, closely following the punctual silver prices, which jumped from 0.46% to $ 40.88, which is the highest in 14 years – on optimism that would reduce the rates would cause precious.
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The federal reserve should decide on interest rates at its next FOMC meeting in the coming days, investors and analysts expecting a drop in the following rate of its president, Jerome Powell, that the central bank could finally reduce rates. Any cut could weaken the US dollar and facilitate overseas buyers to buy precious metals such as money and gold.
The bullish feeling has spread over mining actions, in particular First Majetic Silver Corp. (NYSE: AG) – A company focuses strongly on the production of money.
In other news, First major Corp. (NYSE: AG) recently announced positive drilling results of its current exploration program at the San Dimas Silver / Gold Mine in Durango, Mexico.
“We achieve solid results of many veins in San Dimas almost Mine Extensions to Elia, Sinaloa, Roberta and Santa Teresa, and we are excited by the new High Silver and Gold interception of the Coronado vein in the West Block,” said First Majestic Silver Corp. (NYSE: AG) The President and CEO Keith Neumeyer.
“These new results confirm our opinion that San Dimas has significant growth opportunities and remains a scary asset for our long-term growth strategy,” he added.
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Read then: 30 actions that should double in 3 years And 11 Hidden AI stocks to buy now.
Disclosure: None. This article is initially published at Initiate monkey.
