The solid rally in precious metals was a little bit of a shock for Very first Majestic Silver ( NYSE: AG) Chief Executive Officer Keith Neumeyer.
Neumeyer talked with Kitco on Friday at the Deutsche Goldmesse program in Frankfurt, Germany. Neumeyer commented on gold rallying strongly in November.
" The move stunned me a bit, due to the fact that the economic climate is still doing fairly well and rates of interest really have not come down," said Neumeyer.
" The metal that stunned me the most is silver. You have actually got oil at 80-plus dollars. You have actually obtained copper at $4-plus. You've obtained gas north of $5– look at all the grains. Whatever's been moving except silver," said Neumeyer. "That's the one that I assume is going to play catch-up."
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4:16 Environmental assessment for First Mining Gold
5:21 Keith Neumeyer's rare-earth element outlook
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