Get Ready For It, Silver Will Rally to $130, Gold To $8,000 - CEO
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- čas přidán 29. 08. 2024
- Is 2018 the year of the silver rally? Keith Neumeyer, CEO of First Majestic Silver Corp., thinks so and expects the metal to climb eightfold over the next 3-5 years. He says silver is a story of supply and demand: “to go green, to do all the things we want to do as the human race gets off oil and gas, we need a ton of silver.” He says that unlike gold, silver is a strategic, rather than precious metal, and should trade closer to its mine ratio. “[First Majestic] is currently operating at a mine ratio of 9 ounces of gold for every ounce of silver, so silver should be trading at around 9:1.” Currently, the gold-to-silver ratio stands at around 76 and that is why Neumeyer says he sees silver prices headed for $130 an ounce.
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Sticking to gold and silver, no matter what people say.
Way better than a 'fiat' currency. "Money" has real value = gold and silver.
CZcams University good luck never getting a dividend in your life or allowing your shares to grow and reinvest overtime.
By far the best thing about precious metals is Daniela.
Never take advise from somebody that is trying to market a product.
Good points on silver and banks, companies and price manipulation.
Silver officially down for the year... Down the last 6 years... None of these geniuses have been right.
I bought a bunch of that metal when it was on par with Bitcoin (25$)... now, every day I cry.
Hug said that the recent price decline in metals is due to traders and investors liquidating their metals to meet margin calls, putting even more pressure on the physical market. "Because there is no physical metal in the market right now, both the U.S.Mar 17, 2020
Silver rofl, ive been hearing this silver to the moon crap everyday for the last 10 years and its gone nowhere.
I love to stack silver
He's gonna be wrong again like he has been for the last 15 years
lol news! As long as comex exists, both silver and gold are not going anywhere.
Haven't we heard this before?
Dude if it goes to 8k my life would dramatically change!
He could be right sometime in the future, maybe 100 years time!!!
I'm tired of hearing this. I've listened to it since 2009 when I bought silver at the current price it is now. I believed all these metals guys and didn't heed the words of the people promoting the crypto space and I totally missed out. At least iu still have my silver (although this week I am buying into cryptos for the first time) and someday I may be able to use it to completely buy a house with no need for a mortgage. Maybe. At least that's what Mike Maloney used to say.
Thanks Keith, it's an exciting year.
It’s Bruce Willis
jorge ruiz where
jorge ruiz 😂🤣😂🤤👈🏼😎😂🤣
Litecoin has just jumped over 300% in just 2 days was 54$ last month now trading at close to 300$... Where is the silver rally??
I wish I had some of what this guy is smoking!
If the dollar collapses maybe it'll go up
Look at the dollar index over the past year, and the last 100 years.....
Seems like Daniella is not convinced.
The babe is far more educated and down to earth than this nut job.
This guy is a ceo; Looks like he stocks the liquid draino isle sheesh
Is this an old "Newhart" when he had guests on his Local TV Show? I love this old Comedy Show! When is Tom Poston coming on?
He means pesos
16/1 that is what the ratio is supposed to be for silver to gold.
These guys always say that the market is being artificially managed(manipulated) and that the price will soon break out, well if in fact the markets are being manipulated then why would they (the powers that be) all of a sudden stop doing it and allow for a huge correction?
No one knows when or to what level PMs will rise to. But things are changing and the current path we are on can not be sustained forever. I know JP has been stocking up on silver. They see whats happening...
AG ticker symbol.. down today -10% while silver bullion up today... Gold in major commodity bull (2001-2012) only went to $1,921.00... and silver $49.48...
Precious metals? Precious whiskey.
Silver is better than Gold. And Litecoin is better than bitcoin. But I’d rather buy litecoin for now anyway. In a year, Silver will still be under $20 I’ll pick some up with my litecoin profits.
Neumeyer is desperate. His pure silver mine cannot compete with the other mines looking for other base metals and they just cannot cut back on production of silver without cutting back on overall production so they have been flooding the above ground supply and can't get rid of the crap. Metal promoters have been claiming that there have been deficits for 10 years and can't understand why prices are not going up. These people are clueless. Many mines simply do not report silver production because they want to promote the concept of scarcity. If these numbers were reported price would drop off a cliff. It is all part of the pump and dump metals scheme.
70 to 89% of demand for silver is industrial, manufacturing and retail jewelry all depending on low prices. Because silver is rarely used today in any monetary system except mints selling collectables this has effected worldwide demand as today's world economy has simply passed metals by. The monetary demand has become too small to effect demand and this can now never offset the drop in demand of the above 3 sectors. It has moved from a monetary based metals to an industrial based commodity. Another factor is that because of the constant flow of new technology the amount used in products has gone down every year. Solar panels 10 years straight. Another factor is that when price reaches a certain level industry used more copper and less silver also effecting worldwide demand with prices falling again. In addition world trade has been slowing which also effects worldwide demand. It get worse as people generally in the west have less disposable income also effecting demand.
These people have for a number of years predicting totally unrealistic price forecasts of $100 to $940 and this is simply not based on any financial or economic reality. Silver has been one of the largest scams on the net.
I listened to an interview of him a while back he claimed that he doesn't understand why miners are not joining in the lawsuits concerning price manipulations. There are two reasons for this. One is if I am a mine CEO I would buy hedges using put options, (going short), in case price drops. If prices rise I let my hedges expire worthless and sell physical in other markets as usual.If prices falls thru the strike price I can exercise my hedges for cash, still sell as usual and still make money. It would be difficult for me to be in a court and when asked were you financially impacted by the so called manipulation, my answer would be no. I had price protection and this is simply the cost of doing business.
Another reason is that banks were using the London metals fix or auction first moving price down to fleece the sellers of physical and then moving price back up gouging the buyers. This happened in a short term time period and when over prices always reverted back to the norm.
All futures markets are basically used to hedge and there is so much nonsense and absurdities being promoted on the net giving incorrect and out right false information. I cannot believe how many have fallen for this. It is mostly those who have no experience trading financial markets and they simply do not understand what causes price movement in markets or what they are actually used for.
Gold at $8000 would mean gas is at $10 and everything shipped including food, medicine and essentials would be unaffordable to most collapsing the US economy and the US, state and local governments as tax revenue falls off a cliff.
Folks, do you see how absurd the alt media has become? All of the above is why the gold/silver ratio has become meaningless and these people simply hold on to the past as if has any significance which it does not.
If you look at the total debt on the planet and then at the small physical amount of gold, the metal is simply insignificance even if prices were at $50,000. Take just the US with over $52 trillion in liquidity. The amount of gold claimed at today's prices is only in the billions and not trillions. These people live in fantasy land!
Because of the capital flight out of Europe as the euro, EU, most of its banks and countries are in serious trouble. Since 2011 capital has been moving out to dollars and dollar based assets and this will accelerate in 2018 as Armstrong Economic computer models forecast that both the Monetary and the Sovereign Debt Crisis hit Europe along with the pension crisis. Just recently Merkel's government has collapsed, another bank in Italy is in trouble, most German cities and provinces are now bankrupt from the cost of the migrant crisis and the pension crisis has hit Spain and will totally run out of money in 2018. This will be when the shit really hits the fan with governments toppling, riots, banks closing effecting businesses and everyday citizens. Europe is toast and the collapse cannot be stopped. This will accelerate the capital flight out again like it did starting in August of last year and cause massive dollar strength again, US equities will move higher and gold and silver will be crushed.
By the end of 2017 there was so much capital being converted from euros to dollars that this actually created dollar shortages in foreign markets and this is where we are headed again, Buckle up folks. We are witnessing the collapse of many lifetimes! .
How can you be bullish on a hedge play?! It is not an investment and will not behave as such, ever.
Is it the advertisement for KITCO ?
Uh huh.. The longer it stays sideways, the better for me. The More mining shares I can buy, the more ounces of gold and silver I can stack. I wouldn’t mind waiting to two or three more years.
Silver is a massive disappointment!
Keith your numbers does not make sense. Gold @ $8000 and silver @ $130 gives a ratio of 62:1 and you say that silver is more valuable. So what you say with this price prediction is that all these silver bulls are wrong.
So if the banks manipulate silver to protect their book why do they allow they others metals to run wide eg copper?
8k an ounce
I’ll have to pull my teeth.....again.
LOL, The CEO of First Majestic Silver Corp thinks silver is gonna go up, of course he's gonna say that!
Silver will go "no offer" before it goes to $130/oz.
He meant Bitcoin folks
I have some silver i want to sell this guy. I’ll give him a good deal I’ll sell it for only 150.00 an ounce. Did this guy work for Enron? They had a really good forecasting model as well.
Come on Kitco, get real. those numbers he is quoting is total BS and you know it as well. I have been tracking the closing of both gold and silver for the last eight years, as well as during the day.
At 3:00am pacific time which is the 10:30 a.m. London fix time, almost every day at that hour when America is still asleep they tend to drop the price supposedly using their algorithms. At 8:20 a.m. Eastern time when our precious metal's markets actually start trading, the price generally goes up but only a small amount. Then at 7:00 a.m. Pacific time which is the 3:00 p.m. London time for their second fix of the day, they always hit it for a minimum drop of half a percentage point, or like today they hit it for almost a percent and a half. The rest of the day the price almost always raises because the banking cabal won't have another chance to mess with the prices until 10:30 the next morning London time.
If I had only keep track of those trades and their times, I might have had a good case against the banking cabal for their manipulations of the precious metals market. But alas, I didn't because at the time I thought it was irrelevant. When these financial pundits proffer their prices they pretend that the precious metals fix has nothing to do with where the market is going.
In other words my friends the price of both gold and silver have nothing to do with their real price if the markets had not been manipulated. AND, now that China is about to issue their Yuan in trade for oil and/or gold or both, the real price we hope will go up substantially, but no one knows just how far, and the reason I am calling bull shit on the guy, or anyone else who believes they know where the prices will go when our Petro dollar looses against the Petro Yuan.
4:42. Reality.
Well bring it on...
Buy any metal other than silver lol
Unless the world ends, he may be right. It's just not going to happen this year.
Does Daniella have her own channel? She is dreamy.
Wishful thinking, never a good strategy.
SURE KEITH.
To all who complain about hearing this before don’t watch don’t comment don’t complain.
She leans away from him.
So why isn't it doing it? This is all BS.
lol. when? Sounds crazy. Impossibile to predict the target. We are in a bull market and it will last in 2026.
Thia guy doesnt understand why silver and gold will go.up . but at least he knows that it will
I like the shiney.
These Gold bugs are hilliarous, i've been hearing all these predictions all year and its beena terrible investment. They are fighting hard, all great to say worth xyz and i agree , but the market does not , its all cryptos now .Gold is great as a hedge , insurance.
Ready
buy cryptos keith. your beating a dead cat bounce
He looked fucking scared.
Do the opposite of what these coglioni tells you and you do fine. These stronso knows merda
I sold some BTC when it was at 3000, bought gold and silver, hmmmm
Of course it is manipulation, give us a break!
$8,000 at least $600 $ilver on hand.
Buy bitcoin
Where is Watson .!lol .
its really attractive to see a beautiful woman talking about silver and gold
Interesting
Keith has left for Lalaland. Bye...
Bitcoin did exactly that
Take a look at spanish mountain gold and sandspring resources good junior mining stock's
shes so smart and damb hot!!
Buy some AG stock... why not...
Fuck gold and silver. Wish I hadn't bought mine. They're manipulated so hard, it's a joke!!!! Buy BTC and LTC instead. That's the new gold/silver.
Nope, sorry Keith. Gold & Silver will be forever manipulated to the downside. Your investment dollars are better off in Bitcoin & Litecoin.
She can interview me anytime
I watch these vids muted and love them.
haha nah I've been listening to these metal bugs for years an even sucked me in for a while but luckily i listened to that nut keiser 3yrs ago and ploughed into cryptos...hooray for the mad max...
I heard Max and didn't buy into it. Now I'm the one crying. :(
#knowhen
LOL gold is a joke. get into crypto
cryptos will pay the debt for the government...