Implanting
20 hours ago
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
Implanting
6 days ago
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
Implanting
7 days ago
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.
Implanting
7 days ago
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.
Implanting
1 week ago
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.
joe_techi
2 weeks ago
$ff Thank you again to Chairman @keith_neumeyer who purchased 250,000 shares in the market on May 6 for a total of 2,250,000 in 2024 and 12,250,000 since December 2023. More great endorsement from management !$ff $ffmgf #gold— First Mining Gold Corp. (@FirstMining) May 8, 2024
joe_techi
2 weeks ago
EARLY WARNING PRESS RELEASE IN RESPECT OF DISPOSITION OF COMMON SHARES OF TREASURY METALS INC.
VANCOUVER, BC, May 7, 2024 /CNW/ - First Mining Gold Corp. ("First Mining") announces today that on May 6, 2024, it disposed of 4,539,000 common shares of Treasury Metals Inc. (TSX: TML) ("Treasury") at a price of $0.22 per share for gross proceeds of approximately $1.0 million through the facilities of the Toronto Stock Exchange (the "Transaction").
Immediately prior to the Transaction, First Mining owned 20,000,311 common shares of Treasury, representing approximately 10.69% of the issued and outstanding common shares of Treasury (calculated on a non-diluted basis). Immediately following the Transaction, First Mining held beneficial ownership of, or control and direction over, an aggregate of 15,461,311 common shares of Treasury, representing approximately 8.26% of the issued and outstanding common shares of Treasury (calculated on a non-diluted basis). Accordingly, First Mining is no longer a "reporting insider" of Treasury, as such term is defined under applicable securities laws, as First Mining has fallen below the 10% reporting threshold.
In the future, First Mining may acquire additional securities of Treasury or dispose of such securities subject to a number of factors, including general market and economic conditions and other available investment and business opportunities.
https://finance.yahoo.com/news/early-warning-press-release-respect-110000042.html
Implanting
2 weeks ago
The politicians won't talk about it because they know the spending and fiat money creation CAN'T stop if they want to stay in office. Even Donald Trump and the Republicans know that because only a very few of them even want to speak to the root problem. That being out-of-control government spending that just exacerbates the problem going forward. This is a huge debt issue moving forward and IMO the time will come when everyone's eyes will be opened to the fact that the U.S. is insolvent and the debt they've accumulated can't and won't be paid back. That means a total loss in faith in the dollar.
Can the Banksters do something to change the picture and head off going over the cliff? I don't see how they can, because all they know to do is create dollars out of thin air. The people in this country have been catered to for so long now they don't have a clue about tightening their belt. So, how does the picture change until it just finally reaches a breaking point? The government supports most of the population now, so what happens when that support is no longer in place or diminished greatly?
The higher inflation that's created by this is felt by EVERYBODY, even those that aren't sharp enough to know the dynamics of how it works. I think Druckenmiller is correct in his analysis, because under Biden there will be low growth (GDP) with high inflation, which is the definition of stagflation and Trump's policies should produce better growth numbers, but still have a lot of inflation, as the money printing won't stop. A recession/depression will just have them printing money to oblivion. IMO that's what Druckenmiller is saying.