20 min listen
Silver is the one metal 'that is going to play catch up' - Keith Neumeyer
Silver is the one metal 'that is going to play catch up' - Keith Neumeyer
ratings:
Length:
6 minutes
Released:
Nov 15, 2021
Format:
Podcast episode
Description
The strong rally in precious metals was a bit of a surprise for First Majestic Silver (NYSE: AG) CEO Keith Neumeyer. Neumeyer spoke to Kitco on Friday at the Deutsche Gold Messe show in Frankfurt, Germany. Two pieces of news last week propelled gold higher: headline inflation rose to 6.2%, and the $1 trillion U.S. infrastructure bill was signed into law. Gold had a solid breakout trading above $1,850 an ounce during the week. Neumeyer commented. "The move surprised me a little bit, because the economy is still doing quite well and interest rates really haven't come down," said Neumeyer. "The metal that surprised me the most is silver. You've got oil at 80-plus dollars. You've got copper at $4-plus. You've got natural gas north of $5--look at all the grains. Everything's been moving except silver," said Neumeyer. "That's the one that I think is going to play catch-up." Spot silver was up about $1 for the week, closing above $25 an ounce. "Gold--in my view--is going to reach all-time-highs but probably not until next year."
Released:
Nov 15, 2021
Format:
Podcast episode
Titles in the series (100)
E.B. Tucker: $2,500 gold price target and how to fight 'war on wealth' during Biden presidency: With odds now stacked heavily in Joe Biden’s favor, it’s now looking more likely that the next four years will see a Democratic president in the White House. E.B. Tucker, director of Metalla Royalty and “Why Gold? Why Now? The War Against Your Wealth and How to Win It” said that gold and gold royalty stocks still remain the ultimate weapons against the “war against wealth.” Tucker said that bigger government, more government intervention, and low interest rates are all likely to persist during a Biden Administration, creating tailwinds for gold. Tucker maintains $2,500 an ounce by the end of the year as his gold price target. by Kitco NEWS Interviews