A major Japanese electronics maker approached First Majestic Silver
Corp. for the first time last month seeking to lock in future stock, a
sign of supply concerns that could boost the metal’s price ninefold,
according to the best-performing producer of the metal.
electronics manufacturer to come directly to us — that tells me
something is changing in the market,” said Keith Neumeyer, chief
executive officer of First Majestic, the top stock in Canada and among
its global peers this year.
UPDATE: A different reader L, this time LL, writes in after doing the math:
In his 1 min
long (short) interview KN says that silver is being mined with a 9 to 1
ratio to gold and the price is 75 to 1, “this can’t go on”. Then at the
end he goes on to predict (guess) where he think prices will be at the
end of the year: “Silver in the $20 range and gold at $1,500”. Now wait,
isn’t that a 75 to 1 ratio?
LL wins today’s observation prize.