First Mining Gold Corp (FFMGF)

[Tommy Two Times]

It's interesting that after Janet told us what the Fed is going to do that the Dollar index is still close to 92. The odds of a rate hike in December have risen to 75% and they will roll over $10 billion in bonds next month. Looks like the bond market believed her but not much conviction in the currency markets. The gold market still seems to be connected to the Yen. I can't believe anyone would want to own the Yen.

I'm still not convinced they will start QT. Still too many factors that could change their mind. The 10 year is back up to 2.25%, Maria may hit the east coast, and we still don't know the exact damage of Harvey and Irma. On top of that Putin told his ports not to accept Dollars, Venezuela is not taking Dollars and will China start the PetroYuan next month? How will this affect U.S. treasuries? Will it be an immediate affect or will it take a few months before it hits the bond market?

Janet has talked a good game over the last few years promising 4 rate hikes a year and...Well we all know the story. If she delays QT gold soars higher.