keith neumeyer, the president of first majestic, also had a lot to say about the silver market in the interview before robert quartermain at financialsense.com.

he is a firm believer that silver and gold will go to new highs. he said the physical market for silver has no relation to the gold market, and the sec and cftc will have to move in and change the rules. their contracts require them to sell their output at the 30-day average price, but they won't sell retail physical silver bullion for less than $15 regardless of the comex price.

the interview is well worth listening to even if you don't own any shares of first majestic.