First Mining Gold Corp (FFMGF)

[Tommy Two Times]

You are almost correct. The Smoot Hawley Tariff act plunged the U.S. into a major recession. People started to trade in their gold and silver certificates for gold and silver. The treasury asked the FED to raise rates to strengthen the Dollar because they were going to run out of gold. When they raised rates is when we sunk into Depression. Gold mining stocks took off.

I have seen two forecast to downgrade the Q4 GDP number already. That will fall below 2% after the next report on the trade deficit comes out. The Dollar strength with recessions in Japan and Europe are hurting sales. I wonder how the Soybean exports are doing? Ad that with higher interest rates and higher oil prices, Christmas sales a little behind last year and a tapped out consumer. Not looking good. I still wont be surprised if they do not raise rates.