First Mining Gold Corp (FFMGF)

[Tommy Two Times]

A few interesting things I have read this morning. First off, because of the rise in interest rates it will cost you $16,000 more to buy a home.

Secondly, Fed Labor Market Conditions Index Contracts For 5th Straight Month. And, this...

From PM Fund Manager Dave Kranzler:

Black Friday and “Black Friday” weekend have largely become irrelevant. Every retailer in the U.S., from auto dealers to furniture stores to online tennis apparel shops have been advertising “Black Friday” sales since November 1st.

We have no doubt that the Census Bureau will concoct phony holiday sales for November (reported December 14) and December (reported in January). But the truth – the non-Russian influenced truth – is that retail sales spending per capita this holiday on an inflation-adjusted basis is going to be less than in 2015.

Already the National Retail Federation has announced that spending per person over Thanksgiving weekend was $289.19, down 3.4% from $299.60 last year. Gallup released a survey of shoppers and determined that Americans intend to spend an average of $752 on holiday gifts this year, down from $830 in 2015. Gallup, looking for a “silver lining” in the survey, stated that this matches the average for the last seven years since 2010. Of course Gallup fails to note that on an inflation-adjusted basis, the number for 2016 would be significantly below the average.

I think they will be worse than this for the retailers. When the Fed raises rates it's recession time. Gold to $1050? Who knows. I know I will be buying. If that happens Keith should be able to pick up more properties. Don't get down right now. 2017 is our year.