There are few things more satisfying than watching commodity speculators and manipulators get squeezed out of their short positions and patient, long-side investors get what I like to call “market justice.” It’s happening right now in precious metals, and especially in silver, which historically always makes a spectacular comeback.
Sure, they managed to suppress silver for a while – or more accurately, they managed to prop up the U.S. dollar for much of 2018, but that’s already fading, and when the dollar declines, silver shines. In fact, silver has already touched the $16-per-ounce resistance level multiple times this year, and once it decisively breaks through, the short squeeze will be mind-blowing.
You can already see the signs in silver mining stocks, the most highly-respected one being First Majestic Silver Corp. (NYSE: AG, TSX: FR), which has Mister Silver himself, Keith Neumeyer, as its President and CEO. He’s been in the investment community for 35 years, founded First Majestic Silver back in 2002, and won the E&Y Entrepreneur of the Year Award in 2011 for the Metals & Mining category.
First Majestic has been the leader among silver miners for longer than most of the others have been in business – and none of the others have Keith Neumeyer and his vast experience in the industry. It should come as no surprise, then, that First Majestic has led the charge in making short sellers’ lives miserable and bringing some good old-fashioned market justice to the silver industry:
We sent out multiple alerts to our readers about AG/FR stock, and while the gains have been fantastic, we’re not anywhere near our profit target yet. There’s so much room to run here that even if you haven’t taken a position yet, it’s fine because you can still get in and expect amazing returns.
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Keith Neumeyer has built First Majestic into a world-class mining company and one of the largest silver producers in the world. And unlike other mining companies that treat silver like a second-class citizen, First Majestic is a pure play in silver, with 66% of the company’s revenues derived from silver mining.
Moreover, First Majestic’s production growth is unparalleled in the silver mining space, and with silver shortages becoming a major issue worldwide, First Majestic’s aggressive production schedule will add tremendous value to the company, as well as the shareholders:
First Majestic Silver Corp. Investor Presentation
With the share price trading far below its intrinsic value and the short side of the trade leveraged to the hilt, the market is coiled up for a short squeeze of epic proportions. I personally won’t feel sorry for any of the short-side gamblers when the shares go north and make mincemeat of them.
It’s silver’s turn to rally in 2019, and you can count on Keith Neumeyer and First Majestic Silver Corp. to maintain their leadership position in the new commodity bull market – short sellers beware, as your days are numbered.
Chief Editor, CrushTheStreet.com
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