| | | "It's a Complete Joke," Keith Neumeyer Speaks Out Following Silver Squeeze
In this no holds barred exclusive interview with our Daniela Cambone, Keith Neumeyer, CEO of silver miner First Majestic ($AG), speaks out for the first time since the silver squeeze. "I don't like seeing that happen, it's not healthy," he says, referring to the share price’s explosion through the $30 mark. Neumeyer also emphasizes the insufficiency of the metal to meet the demand of popular silver ETFs such as the $SLV, calling it “a complete joke.” Back in November, the investor had forecasted a collapse of the gold/silver ratio. Since then, it has shrunk from over 100 to 67— and now he predicts it will come down even more.
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Jim Rogers: Stock Market Blowup in April Not Crazy Talk, Tips for Surviving Worst Bubble Ever
Best-selling author of “Hot Commodities” Jim Rogers speaks with our Daniela Cambone about trending topics, chiming in on Tesla’s Bitcoin buy and how hedge funds were wrongly depicted during the Reddit craze. “Selling the short is not a form of market manipulation; what the mob did is manipulation," he says, asserting that it was the Reddit investors who created the short squeeze. “The hedge fund guys are clearly smart,” Rogers continues, “except for the fact they overextended themselves.”
Discussing the stock market, the renowned investor says that experts’ April crash prediction may in fact come to fruition. “I have seen this movie before and it all plays out the same way; in the end, it always pops. This will be the worst bear market in our lifetime," he warns, claiming that some stocks will go down as far as 80–90%.
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