First Mining Gold Corp (FF) Quote

In the end we are all just speculating here, I just base my guesses on the probably 50-100 interviews I have watched with Keith and my understanding of him as a businessman. The man is a bold visionary in the industry and he is a very long term investor. We have to keep this in mind when thinking about his potential long term plans for both companies. Regarding Jerritt Canyon, Keith actually stated in a recent interview that they already knew they had to shut it down when they bought it but they could not do that immediately because it would look quite bad, so they tried to keep it up and running for a while when they started doing the planned changes, but eventually it just became too costly. There is an interview with Keith where he goes into very detailed plans for the Jerritt Canyon mine, so I trust him to restart that operation within a year or two. My understanding is it will produce nice cash flow at these gold prices. Of course, if and when he turns Jerritt Canyon back to profitability it will give a nice confidence boost to the FM board that they indeed can (and should) expand more into US/Canada and gold. People often forget that 50% of FM revenues are still coming from gold, so it is just as much a gold company even though the focus is on silver. My bet would be that after Jerritt Canyon is turned around, the time will be very ripe for FM to make a potential move on FFMG because the Springpole permits would be in place by then and Duparquet would also have been drilled out nicely. Keep in mind that FM already owns the silver stream from Springpole anyways so a potential JV there could very well be in the cards later. I don't see how or why the board would be against such a move if Jerritt Canyon has been turned back into profitability.

I think Keith is being very protective of the FFMG assets because, like I said earlier, he knows how rare these types of assets are and when jurisdiction has become even more important in recent years (look what happened in Panama recently) it makes both Springpole and Duparquet even more valuable.

I know investors would like to rush things and are anxious after such a long wait but FFMG really is in no rush here to do deals because, in the end, Keith is the one who will make the final call when a big deal will present itself. They really must and should look at every possible card here regarding developing their assets before they commit to anything. Rushing into a bad deal just to satisfy investors would be very stupid after such a long wait. Dan is the CEO but the fact of the matter is that he talks to Keith about everything that happens in FFMG and if Keith does not approve something it wont get done. This is very clear from every interview you can find where both Dan and Keith are answering questions. I don't think Keith gives a s**t if retail investors don't have the patience to wait things out. He knows where this company is going and he won't pressure Dan to make any stupid decisions just to satisfy investors greed. That is one reason also why the stock has been going down for a while because they don't try to "pump it" up for no reason. Having said that, I really think we are right now in the final phase before the big breakout will occur because all stars are slowly aligning themselves. We are 1 year or so away from having a fully EA permitted tier 1 gold asset in Canada that is also one of the biggest undeveloped gold mines. This will be developed because everyone in the region needs it to be developed. It will be a massive cash flow monster for the region and create hundreds of well paying jobs and tax revenues for the government.

I could go on and on but eventually time will of course show how this story will end. I for sure will go all the way on this one and I think we will be massively rewarded soon.

The other piece of the puzzle that was talked about earlier is how a rising gold and silver price play into this drama. That changes the picture for FMG in a huge way because as the PM prices march higher it raises the valuations we hold in the ground.

That will change the entire process involved in what a mine developer has going for it. It's amazing to me the share price is still down at these levels. That should change bigtime when it's clear that Springpole will get permitted.

How about this reason for Keith not going to the FM board about doing something with FMG. Firstly, he's got to get Jerritt Canyon back into favor with the board. That acquisition hasn't worked out very well for Keith to date. My hope (for our sake) is he gets it turned around or can sell it if necessary. What ultimately happens with JC could affect what FM does with us. Getting that ship righted would clear the deck for a future deal with FMG.

I didn't get the same feeling as You, when he spoke to the question about FM doing something with FMG. It was obvious to me he didn't want to address the question at all, so he just said he wouldn't discuss FM matters on a FMG webinar. That's fine.

IMO nothing is going to happen as far as JV's , buyouts, or mergers UNTIL Springpole get permitted. That's when the clock starts for all that action to begin. I think I mentioned that Dan had told me years ago that if there were hostile offers made for FMG that Keith would do what was necessary to protect FMG. I assume that was told to all the shareholders and was probably common knowledge around the mining community.

Anything can happen here and most probably what we least expect to happen....will. I've been saying for years here that if they could keep these rare assets in house, that would be better most likely for the shareholders and any future profits made by the Company. I have faith in Keith to see that we're rewarded for our long wait here and after all he doesn't just help us, he helps himself too.

I will just add one more interview: The Keith Neumeyer Interview

Keith states very clearly in this interview that the criteria for First Majestic acquisitions is a project either in production OR a project permitted and ready for construction. He also states they are looking for projects outside Mexico and the US, specifically Canada but also Europe and Australia.

What we can take from this is that for FM to acquire FFMG or form a JV the projects need to be permitted completely or at least advanced enough to soon be ready for construction. Well, we know Springpole is about 1 year away from complete EA permits and Duparquet is basically quite advanced in the sense that a starter pit operation could get going in 1-2 years.

This is why I was saying earlier that Keith or FM is in no rush here to acquire FFMG even though it is trading very cheaply and a hostile takeover can be prevented because he controls FM. Keith can just continue to buy up shares of FFMG every month while building his position and patiently looking at all options that come along the way before making a final decision what to do with the assets. This is the smart thing to do for sure and we investors need to understand this and be patient as well.

These assets will eventually get built, the question is really just in what kind of deal that will take place.

Yes, this was the interview I was referring to. To me it also seems in some way quite obvious from the way he answers the question that this has been his "grand plan" all along, but he won't say too much about it because of course regulatory wise he cannot. He actually said "I would love to do it but I'm not sure what my board would think of that seeing as I am the chairman and ceo of both companies".

I think he also likes to keep the options open still because they might of course get a good deal done with a major as well or maybe FM only wants to do a JV in one of the projects? First Majestic is the "guardian angel" for FFMG and like I said I am quite confident that the main reason we have not seen a hostile takeover attempt from a major or anyone else yet is because these insiders know Keith will counteroffer from First Majestic if it gets to that and the price will go up in a bidding war. Some peole might ask why would First Majestic just not buy it up right now when its dirt cheap? My answer to this is very simple: They really don't have any need to do it, yet. Keith knows the value of First Mining's assets and he is slowly acquiring shares for himself while knowing that he can probably quite easily fend off any hostile suitor if it gets to that. He really has no rush to do anything here and the focus is on developing and permitting the assets into tip top shape. If they get the permits done and the company is still dirt cheap then Keith could just easily do a merger or JV with FFMG and take it from there. FM could also finance the development of the projects with increased cash flow from rising silver prices. If a major comes in before that then Keith can just look at their cards and decide if it makes sense to do it with a major or if he should do it himself with First Majsetic. This is the "secret sauce" that most investors seem to be missing with this company. Investors have no clue how valuable it is to have Keith as a chairman in FFMG while also being CEO of one of the largest silver mining companies in the world.

Here is something else most people don' know: Keith is also a major shareholder in a company called Snowline Gold which is in the process of making one of the biggest gold discoveries of ALL TIME. He has a 5-6% stake and the company is worth about a billion dollars right now, so this is not a small amount. If Snowline gets bought out in a billion dollar deal, Keith could potentially net 100m for himself just from this alone which he could then use to buy up FFMG big time if the stock would still be at fire sale prices.

I think the majors that are interested are still staying on the sidelines and waiting for Springpole to receive environmental approval and also looking at the developments at Duparquet, but the window of opportunity is really closing in here fast. Back in the 2020 rally, it only took one major institutional investor's buying to rocket the price up to about 50 cents in a matter of a few months. If we get to a point where everyone is rushing in to buy these juniors/developers then FFMG will explode north of 1 CAD, I am very confident about that. I have been through this before in the rally from early 2000's all the way to the mania levels of 2010/11.

Just for everyone's edification I'll post the link to the last webinar with Keith and Dan on it.

Go to 36:30 in the video and someone asks Keith the question about a merger between First Majestic and First Mining Gold. You can hear his reply and take what you will from it.

The little chuckle at the beginning gave it away for me.
He said it had crossed his mind before.....but he wasn't sure if FM shareholders wanted to become a gold company. Really?

Without being very specific about the question asked he then said he didn't want this to be about First Majestic. Well, as I see it FM is the 800 lb. gorilla in the room and FMG is the baby brother to this point.

I've heard Keith comment in the past that FM wants to mine more gold going forward because of gold's price stability over that of silver's price instability. That was also one of the big reasons for acquiring Jerritt Canyon, so I really don't believe for a second this is NOT about the possibility of a JV or merger
at some point down the road for these two companies. Time will tell.

I must have missed the interview where Keith said he wanted to merge First Majestic and First Mining Gold. If You have a link to that interview, I would like to see it because I don't recall him making that statement. That's not to say, it's not his intentions in the end to do so.

What I do recall him saying, I believe it was in this last company webinar they had with Keith and Dan, when the Q&A came up someone asked him about a merger between the two companies. His reply was he/they hadn't really considered it, and any merger would have to be approved by First Majestic shareholders. It seemed to me that he was attempting to deflect the notion that it was even being considered at all. I didn't buy his answer.

Did he have a reason for that? Maybe.

Whatever the outcome brings between the two companies, IMO there will be a much higher probability of it occurring, IF the silver price continues to march higher, as I believe it will.

P.S.: I'll go back and revisit what Keith said in the webinar, because it was important.

I think we are getting closer to a situation where First Majestic Silver might make a move on FFMG. Their cash flows will increase significantly with the rising silver price and Keith is known to make bold moves. I really think he has a vision to merge these two companies long term to create a big Gold/Silver miner. He has admitted this openly in an interview so we know this has at the very least crossed his mind. He bought another 250k shares again on 7/5/24. The Jerritt Canyon acquisition by First Majestic was a clear message from Keith he is looking to expand more into gold and also outside Mexico. Keith knows the value of FFMG which is why I guess he also does not want to create a situation where First Majestic acquires it too cheaply because that will look bad when he is chairman & ceo in these companies. I think this is also one of the reasons why no other major company has tried a hostile takeover on FFMG because they probably know Keith will intervene with a better offer from First Majestic. Keith is quite known to be aggressive in these types of situations. He is a long term investor so he keeps acquiring shares in FFMG slowly but surely which is what we should also do if we believe in this company. I think right now FFMG has around 2-2.5B (CAD) worth of net asset value.. easily at these gold prices. Applying a discount this this NAV of around 40-60% and and you can see why this company should trade north of a dollar (CAD). I will keep accumulating shares for as long as we stay under 20cents or so because I am more or less 100% certain some major gold producer has to be interested in either Springpole or Duparquet (or both). Investors really don't seem to understand how rare Tier 1 assets in good jurisdictions actually are and also how advanced Springpole is from a permitting perspective.

Just sit tight and keep accumulating... I think we are going to see an insane bull market in miners very soon.. Btw, I was an early investor in First Majestic Silver some 20 years ago when the setup was more or less exactly the same as with FFMG today. This industry always gets hated at some point and then suddenly everyone is rushing in to buy everything with the name "gold" in the ticker.

Here's the Yahoo article on the Duparquet drill results. James Maxwell seems pretty upbeat about what they've found. I still want to hear what Dan is doing to begin some sort of mining effort there.

https://finance.yahoo.com/news/first-mining-announces-initial-2024-110000563.html

https://www.newswire.ca/news-releases/first-mining-announces-initial-2024-duparquet-exploration-drilling-results-881408285.html

While it seems like a good amount of surface mineralization, I wonder what the extent of it is?

https://ceo.ca/[@ userid=2024]-duparquet-exploration

IMO the big option it gives First Majestic would be to either JV with FMG or to merge with us, depending on how Keith wants to play it. That would make having to partner with an outside party unnecessary. It also gives Keith serious leverage IF another party wants to tender a hostile bid for FMG. Jerritt Canyon is still on their plate, but if silver continues higher that shouldn't be a problem either. The money will be flooding in.

We will control our own destiny if silver moves to where it should go in the next couple of years. Financing Springpole and Duparquet shouldn't be a big hurdle with silver somewhere north of $50 an oz. $75 or $100 silver would make it a slam dunk.

This part of the picture has to be something our management is considering with these higher PM prices.

If silver stays higher it makes FF's position better as FM would have the free cash flow to match any inappropriately low bids for the company. Or it could allow them more flexibility to JV with FF.

Glad to hear you have your stack squared away. I would think most of us on this board probably do to the extent our budgets allow it.

September/October would not surprise me as it is the end of the fiscal year for the federal government. If I remember correctly October has had a few major drops in the past. Some politicians are already calling for 10 to 20% cuts in some agency budgets and/or the elimination of 1 or 2 agencies (the EPA continues to be a target as well as Education, Energy and Labor to varying extents). While I do not see agencies being eliminated, I would say there is certainly a chance of merger/combination. HHS, Education and Labor used to be under 1 umbrella and it would not surprise me if they return under 1 umbrella. This would likely result in big cost savings but would increase unemployment and result in less spending by anyone who is let go. But what good are cost savings when our reps are throwing money out the window on many other things?

This is a MUST watch video. It covers a lot of different topics, but this Lady IMO is spot on with her views.

I see her on Fox biz news quite often, but she's normally talking just market things and not what she says here. She touches on many things we speak of here and gives remedies and answers to those questions at the end of the video.

I'm happy I hold quite a bit of physical silver. My cost basis is probably around the $16-$17 range, so I'm doing o.k. currently, but I can't see unloading any of it until we are into triple digits. Do you remember the poster that was here a couple years back lamenting over silver ever going any higher? LOL
I think about him on occasion.

What excites me are what companies like FM are making now with the push higher in silver and as silver continues to climb, their profits will soar. That means FMG prospects get even better. It's going to be interesting to see how high the PM's move before the economy tanks and everything begins to fall. I keep hearing that a September/October time period may be the time for the bubble to deflate. We'll see.

The George Gammon video you posted IMO was VERY revealing and eye-opening. I believe what he was saying is a precursor to what could happen in the U.S. eventually. The dollar, like the Argentine Peso, won't completely go away, it will just almost be worthless and a pain in the ass to use, because if fiat isn't transferred to numbers on a computer screen we'll be in the same boat as the people in Argentina. Paying for things with stacks of paper fiat money. I don't see that being a feasible alternative. Not only that the inflation will be so high I can't see people here putting up with it. We're not hyper-inflating yet like in Argentina, but at some point, we could be. I still believe that physical gold and silver can and will be an alternative source of real money, even if it's not accepted in a general way. People are going to want to have it as an "anti-inflation" asset. Those that have it, will use it, and those that don't, won't.

I also was surprised the money changers in Argentina weren't accepting $20 denominations, like you I would have thought they would have been more in demand from the common man. I think George G. said he was dealing with drug dealers, so maybe they only wanted $100 bills.

The people that don't have phones or computers will just be fucked I'm afraid. The Powers That Be could care less about them anyway. The Banksters always say they want to help the poor and disenfranchised, but they do the opposite with their actions. The rich get richer, and the poor get poorer. That's a direct result of their policies.

Who knows how long the dollar will stay afloat, but at some point in time the fiat dollar is going to have the same outcome as all forms of fiat before it and that's a loss of faith in it. I don't really want to see it happen in my lifetime, but I'm going to be prepared if it does.

Did Silver have a strong close on Friday or what? Having witnessed so many of the ups and downs I don't get as hopeful as I used to.....but I started routine purchases when I woke up in 2012 and I have no complaints. When started buying I could get silver for 14 or 15 an ounce because the premium was so low. Twelve years later and on most of my ounces I am up between 70 to 100 percent. Sure beats T-bill returns during the same time period. Could a person have made more during that timeframe in the stock market? Absolutely. I am ok with that. In the end we'll have our day and the timing might be pretty good for me. That assumes, of course, that cap gains taxes are not 44.5% and that society as a whole has not degraded too much.

Can you believe the stock market is STILL going higher? I don't see anything particularly good to justify it.
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The CBDCs certainly can expedite their money printing and any outright theft outside money printing they have planned. In addition they have much tighter control over you in several ways a la the Chi-com social credit score system. One question I pose to you is what about those who don't have phones or computers? Do they screw us again by having our tax money pay for phones for everyone? I know they are doing that now, but under the new system it would literally be everyone.

I was pretty surprised when Gammon said they did not want smaller bills. I would think smaller bills would be preferable to make change. I guess not. I know when Jeff Berwick went to Venezuela a few years ago he had to pay for lunch with a backpack full of local paper.

Per another of your points - the businesses adjust and set up their money flows around whatever is in place and it is sometimes better to maintain than change. Not to mention yet another thing you mentioned - the perverted system creates entirely new businesses set up around the system being perverted and those business owners do not want change because it puts them out of business as you noted.

It is truly tough to hedge all this but diversification will soften whatever happens. Stack, buy shares, buy physical things you think you might need that might be expensive later, try growing more of your own food, defense items, canned foods and whatever else gives you peace of mind. If I spend a few thousand and nothing happens I will have zero regrets. Actually, I hope nothing happens.

I had another thought about this video. Remember in the video George made mention of the individuals that were looking to for denominations of $100 dollar bills to convert from pesos. He said converting the pesos into say $20 denominations was too small and meant holding too many bills. Well imagine how many physical notes you'd have to hold in pesos? Stacks and stacks of them. LOL

I'm thinking that this may be the reason they'll HAVE to go to the various CBDC's. All of that is on a computer screen and doesn't have to be physically held by anyone. Just like fiat money being too cumbersome to hold physically, when they really start creating dollars in a big way people won't be able to handle the volume of PHYSICAL money anymore. It will be too overwhelming. Just like the Argentine peso or in Weimar Germany. It grows past the point of being fungible anymore.

Just make it numbers on a computer screen and not have to bother with the physical issues involved with creating new money.

The moves we're seeing now in silver and gold are just the beginning of a much bigger move to come. These moves need to be somewhat measured in what they do as to NOT be too much, too fast. We know at some point in the future we'll see higher, faster, moves in the prices that have the Sheeple wanting to join in the party. I'm hoping that happens in an orderly way.

The convincing break through $30 silver we saw yesterday is very encouraging and IMO sends a signal that this is the time we should see higher silver prices at least in the short run. I believe this is overall market froth. We also just broke through the 40K mark in the Dow. That's an all-time high, so the PM's are following this over-bought market higher IMO. This is not market fear, but market FOMO.

When the air finally comes out of the balloon is anyone's guess, but what we're seeing in the stock market now can't go on indefinitely.

https://www.kitco.com/news/article/2024-05-17/silver-price-makes-move-above-30-analysts-say-its-just-getting-started

That was extremely interesting to hear what George had to say. He mentioned things I didn't know.

The first part of the video when he talked about traveling through Argentina was IMO fairly predictable. As he said later in the video if he knew people and had networked to be able to know who might buy his gold or silver, my guess is he would have had no problems selling it. People want dollars ONLY because dollars are more FUNGIBLE than are PM's and he explained that in some detail. The dollar's usefulness is that it's pretty much internationally accepted, especially in places like Argentina where the Peso is really trash. I thought the story he told about the Guy "flipping" dollars is probably quite common in a place like Argentina. The government has no control over money, so the Citizens have to attempt to make a living off of buying and selling forms of money that are worth something.
That part was amazing.

I didn't know that NEW fiat is created when the bank loans out money. I thought that money came from already existing money creation.Ya learn something every day.

My guess is that George's travel experience in Turkey will be much more favorable for PM's. IMO the areas of the eastern world will be much more friendly to people looking to exchange fiat for PM's. I wouldn't think he would have any problems whatsoever if he does a little networking prior to the trip/

Both gold and silver are moving BIG today. Silver has sliced through $30/oz. in a very convincing manner. This is great news.

https://www.kitco.com/charts/silver

Interesting experiment by George Gammon. A long video but interesting if you have some time.

I wonder how civil war would play for gold and silver? I'm guessing it would be explosive in a higher way. Ray Dalio seems to think the probability is high.

https://www.msn.com/en-us/money/savingandinvesting/billionaire-investor-ray-dalio-warns-u-s-is-on-the-brink-and-estimates-a-more-than-1-in-3-chance-of-civil-war/ar-BB1muUad?ocid=msedgntp&pc=U531&cvid=e7df29dd6c7a427bb430d8dd47981687&ei=14

I've hearing on MSM and what I read that China is supposedly coming out of their recession, so that may be why the increased investment going into China from these big investors. Makes sense. Everybody with any technical expertise knows gold is going up, the trick is when is the really BIG move higher coming? Will it correct before that parabolic move higher? IMO it will if we go into the recession that I think at some point is inevitable.

The question to be answered is how high does gold move before that correction happens. Silver cracked $30 this morning and pulled back.

Interesting that he is taking a larger position in China. I guess the thinking is that they will fare better in a worldwide economic downturn?

The larger position in gold is pretty understandable as countries just print money.

The Big Shots are taking positions in gold and in China it would appear. Wonder why? LOL

https://www.kitco.com/news/article/2024-05-16/big-shorts-michael-burry-makes-10-million-bet-spott-gold-trust

A really nice presentation about what's happening with the PM's. I thought it was interesting to hear him speak to the current breakout for gold occurring WHEN the stock market hasn't rolled over yet because traditionally PM's and PM miners do better after that happens and the rotation begins into those assets and out of the higher beta stocks. He also talks in depth about the miners too.

O.K., David Lin has hit a grand-slam, home run with this interview. Prof. Steve Hanke and Peter Schiff together.

I thought these Guys were going to agree on about almost everything they talk about, but boy was I wrong. The drift I got from Prof. Hanke is he wanted to take Schiff to SCHOOL on just about everything economics related. Hanke disagreed with alot of what Peter said and wasn't shy about calling him out on it. I thought Peter made some good responses to Hanke.

David Lin shows a clip of Jared Bernstein, who's the head of Biden's economic team. This Asshole wouldn't know economics if it came up and bit him on the ass. A kid studying high school economics knows more than this Loser. Another MMT advocate.

The one big thing both people agreed to at the end of the video was Bitcoin is a disaster waiting to happen. I enjoyed hearing the back and forth.

I ran across this video with Chris Vermeulen speaking to my point about mining shares tanking in a down market. Go to about the 6:00 mark in this short video and listen to what Chris says. I believe he's correct.

A rising stock market will lift ALL stocks with it and when the market falls mining stocks will fall too. The physical gold price may not fall as hard because some investors will rush to the perceived safety of physical gold. This is not new.

If you haven't seen this article you need to read it. It explains the U.S. debt and the huge problems coming a head from it. Everyone's finally beginning to see through the BS and come to grips with reality.

https://www.zerohedge.com/geopolitical/broken-magic-trick-behind-dollar-dominance

I can't believe what I just heard on MSM biz news. A regular guest on Charles Payne's show said he was looking at GOLD MINING STOCKS now.

I almost fell out of my chair. Unfucking believable.

This is BIG GOVERNMENT at work. My guess is that most of it went into Democratic donors pockets. The advocates of the New Green Deal story and their constituents

This is what happens when the govenment is way too big and out of control. WASTE, FRAUD, AND GOVERNMENT OVERSPENDING is the result.

In the last big move higher in the gold price (2010-11) which also had the miners moving higher with it, beginning in about 2008 (the Great Recession/financial crisis) the stock markets tanked and the Fed began DROPPING interest rates because of the recession. The stock market tanked, along with gold and silver prices during that time. The gold price corrected over 30% from 2008-09 before reversing higher, going parabolic, and breaking all-time highs. That's when you wanted to be in the miners, as they were going crazy higher in 2011. Then it was over.

The period of time AFTER the gold price corrected was the buying opportunity because gold/silver sold off along with the panic market sell off. People sold everything they had a profit in to raise cash, including their shares in the miners.

Will that happen again this time? My guess would be YES it will. The Banksters are going to need a reason to begin dropping interest rates and my thinking is that something is going to cause that to happen very soon. When and if it happens, we'll see panic selling again for a period of time before money comes back into risk assets like gold miners. The gold price will go parabolic again, like in 2011, and the miners will enjoy a mania following the big gold price move up.

That's my take on it. Right or wrong.

P.S.: If FMG has positive company specific events happen to get our share price up significantly from
where we currently are, then the bottom may be in. If the share price stays down here prior to a big market correction, then we should see a retest of those old lows. JMO

I can very well see this happening. But it is also possible that we go through something like the "Nasdaq crash" where the big tech stocks crashed like crazy while gold mining stocks actually rose or stayed flat during the crash. The reason for this would be that if we have a bad recession on the horizon then by all logic growth stocks and tech stocks should suffer, but at the same time, the pressure will grow to lower interest rates which would support miners very much if inflation is still somewhat above the Fed's target levels. Stagflation has been a very good environment for miners, historically. Of course, if we have a very bad stock market crash where we are facing a liquidity crisis or freezing of the credit markets then for sure every single stocks would most likely suffer.

I think a very severe stock market crash / liquidity crisis would most likely need a real "black swan" type of event to happen.

I can't tell you how infuriating that article is......so where did that money REALLY go? That is the question.

I like getting differing points of view as to the big picture story. Here's Brent Johnson of the Milk Shake Theory fame speaking to what he sees happening now.

Johnson thinks the dollar will be around for much longer than most of us think it will and he talks about that some in the video. He makes comments about what's money and gave the analogy that cigarettes were used as money in prison AND that when confidence in fiat money is lost ANYTHING can be used as money.

I would agree with him there, but the part of the story that he doesn't seem to get is that THE CENTRAL BANKS ARE HOARDING GOLD CURRENTLY, NOT DOLLARS, YEN, EUROS, OR YUAN. I'd like to hear what he says about that. Sure they play their devaluation games between countries to fuck their enemies when they have to, but what happens when the Top Dog is taken down? That changes the whole story IMO. Confidence lost in a country is the same as confidence lost in that country's fiat currency.

Johnson talks about the way the System works now, but what happens to the System when major changes are made to it? IMO that may be what's coming.
Ala, the next Bretton Woods.

This is exactly why the dollar is toast and most likely the American way of life with it. Your tax dollars at work or should I say WASTE.

https://www.zerohedge.com/markets/your-tax-dollars-work-75-billion-has-produced-just-7-charging-stations-across-four-states

Without knowing what deals may be brewing behind closed doors at FMG, I'm going to take the other side of the notion that we've bottomed pricewise.

I wouldn't be surprised if we touch those recent lows again, before we head higher for good.

I do that on this premise. We're where we are now on a rising tide in the overall markets. I think at some point probably before the end of this calendar year that's going to change, and the markets begin selling off in a big way. If and when that happens ALL stocks are going to fall. We'll most likely be going into a recession or slowdown in the economy, so no stocks, including the miners will be spared.

I also think this downturn could see the rotation of investment money out of financial and tech stock areas and move money into the commodities arena that's been so unloved for years now. We'll have to see how it plays out, but I'm still keeping my powder dry for now.

If I remember what Keith said on the last webinar he was on, he commented that he wanted to hold 50 million FF shares before the end of this year. If he's still looking to do that, he actually needs to pick up his buying numbers.

Keith buying again on the open market, another 250k shares on 7.5.2024. He now owns 30,4 million shares, most of which have been bought in the open market and in pp. I still think we bottomed out at 10 cents back in february.

We've talked here before about the possibility of gold being REVALUED HIGHER. I'm posting this video on the speculation of that happening.

Luke Gromen seems to think the U.S. is in a situation where revaluing the gold price higher is not so far-fetched. Listen to the logic behind what he's saying and where the price higher COULD BE.

There are many factors that would play into something like this happening. Listen to what the commentator says. The dollar's value would drop bigtime. The silver price should follow the gold price up in such an event.

https://goldsilver.com/blog/20000-gold-is-a-treasury-revaluation-possible/

This a fantastic interview from Larry MacDonald off the Kitco site. I see this Man on MSM TV very regularly and he's really on top of things.

Larry covers a LOT of ground in this interview, and he talks in depth about the coming rotation OUT of financial-type equities and what will come very soon as the money begins to move into commodities and commodity-based companies. The population of the world has grown exponentially, but commodities have lagged for years in investment and interest. That's got to change.

He has a lot of positive things to say about the metals and it sounded to me like his favorite metal is silver. He talks about it a lot. He's very bullish on platinum too.

Yes, he's painting a very gloomy picture for the next several years for sure. I found myself agreeing with a lot of his points, especially those concerning the government caring less about people's personal freedoms now and how a lot of that could play out. I really agreed with the points he made about Trump maybe NOT winning the election because of it being rigged again. It the Elites come up with another pandemic scare or a bird flu scare before the election that prevents the vote from getting out, Armstrong may be proven right. Time will tell on that.

If like he said NATO accepts Ukraine into the group, that would ramp up the war there in a big way. What would China do then? Would Xi stand behind Putin against the West? We would have to see how that plays out, but it's possible I suppose. We could at that point have WWIII on our hands.

There's a lot of different dynamics coming into the picture and the Global Elites like Armstrong said WANT WAR to distract the Sheeple about the overwhelming debt and social problems that confront them. We're going to be heading into that period of time probably next year/2025 and 2027 almost seems consensus on when something really bad happens.

His comments about CBDC coming and the dollar's demise were very telling too. Physical silver is still very cheap here, compared to where it may be in 2-3 years. I may have to buy more soon.

Just got done with the Armstrong video. His position on gold certainly has become a little more friendly over the years. To hear him agree or say you should have 2 years of food is a bit concerning. People definitely are interested in what he has to say......his conferences and books are not cheap. I actually considered going to one in Florida a few years ago.

Unfortunately he seems to be in the camp now that conflict is more likely than not. What kind of conflict? Take your pick - kinetic between countries, societal, economic...

Just watched this Martin Armstrong interview. I wanted to post the link because there is some discussion on gold in it.

Armstrong talks about a LOT of different things that may or may not come true, but what he says is certainly controversial. I agree with much of what the Man is saying. His take on what these world governments are doing is spot on.

Also, listen to the date that keeps coming up in many pundits time line that is 2027. That seems to be the date all Hell breaks loose. I've heard a half dozen different people talk about that year being crucial.

https://www.zerohedge.com/geopolitical/you-need-two-years-food-martin-armstrong-warns-there-will-be-shortages-perfect-storm

This could very well be the Black Swan that brings down inflation and issues in a coming deflationary bust. This Man knows real estate and what's going on behind the curtain with it. If he's right the Banksters are going to have some big problems coming.

https://www.msn.com/en-us/money/realestate/billionaire-real-estate-investor-barry-sternlicht-says-he-expects-at-least-one-bank-failure-per-week-due-to-real-estate-loans-that-s-a-fragile-animal-right-now/ar-BB1m3wkw?ocid=msedgntp&pc=U531&cvid=5b28b00620c34b4fab7ce192f3f9b5a3&ei=17

Another really good George Gammon video on what he sees coming. In this video George talks about how he thinks the Banksters are really MORE concerned now with the coming deflation shit-storm than continued rising inflation AT LEAST IN THE NEAR TERM.

This is exactly what Prof. Steve Hanke has been saying because of the huge drop in the money supply. We know J.Powell wants to begin dropping rates as soon as he can, but the "data" they supposedly follow isn't allowing them to do it. I expect them to start "cooking the numbers" to reflect worsening economic/job conditions or to actually cause some event to get the inflation numbers dropping faster. They'll need to begin dropping interest rates sooner than later to head off the coming DEFLATION.

Of course, the continued fiscal spending being done by the Dems is just exacerbating the problem for the Fed and keeping inflation elevated.

O.K., this video with Steve Lines and Ron from Ron's Basement is about 6 months old, but still very relevant now. Steve gives a good overview of how the process works and what he and his team have to do to get Springpole permitted or to get Duparquet reopened and operational again.

This is a must watch interview. Steve is top notch and just to hear him talk gives me a lot of confidence this will all get done.

Mike Maloney speaks to where he sees silver going. Triple digit silver is coming according to him.

https://goldsilver.com/blog/silver-a-quadruple-from-here-is-logical/