First Mining Gold Corp (FFMGF)

[a false profit]

LoL when diesel isn't available to deliver groceries , there won't be any * groceries * . if you need food it won't be available to purchase from * any * brick building .

[Implanting]

Another ZH article speaking to anonymous big buyers of physical gold in Q3. 300 tonnes of physical gold went to big buyers that didn't want to be identified. It's probably not very hard to know who the buyers were. The article has a short list of very probable candidates.

https://www.zerohedge.com/commodities/gold-market-roiled-mystery-buyer-waves-300-tonnes

[Implanting]

Yes, there's no doubt that higher diesel prices to mine ANYTHING will drive the price higher. That will be highly inflationary until like Gammons said the demand for products made with those commodities falls. IMO the gold price could fall in the beginning of a diesel shortage, but depending on how long the shortage lasts I would see gold rebounding on both fear and the huge amounts of fiat they would have to print in order to save the System. Add to that a gold shortage. Wow. The price would go through the roof. We may be seeing the last time to buy physical PM's too because You know that will fly when folks figure out there may be a supply shortage coming. It won't last long.

Depending on how severe a potential diesel shortage could be might put the world in a Great Depression II scenario. They may have to ration diesel as to the order of importance and the mining industry might be restricted to the quantities they can get. Can you imagine how that would affect the cost of what's being mined?

Also, the rocket fuel for a higher gold price we know comes when they pivot with the rate hikes and may be forced to start dropping rates quickly in an emergency situation. The dollar will fall like a rock and gold will take off in a very big way.

[SeaBlue]

If we do get the diesel shortage then expect to see a much higher gold price in the future as mining it won't be economical at anywhere near the current price. y addition, if we get a diesel shortage combined with Saudi Arabia moving to the BRICS then you'll see an even higher gold price in USD terms.

Seeing the CBs buying gold at such a high rate just reminds us what a good asset it is.

[Implanting]

More good gold news. We all know the Central Banks have been accumulating a lot of gold over the last several years, but according to this article they're buying up gold faster now than in the last 55 years. IMO that has to be a huge signal for a much higher move in the gold price coming fairly soon. I think it's coming in 2023.

They're not buying cryptos or other commodities they're buying gold. I want to own what the people pulling the strings are accumulating.....that's physical PM's and the miners of those metals. Here's the article.

https://www.zerohedge.com/markets/central-banks-are-quietly-buying-gold-fastest-pace-55-years

P.S. At the end of the article it says the Traders are calling for gold at $1830/oz. by next year at this time. I'm going to predict we break through the old highs of $2070/oz. gold by the end of 2023, if not before.

[Implanting]

Thanks for posting the Gammon video, as usual he does a great job explaining what's going on and the train-wreck coming on that front.

Could this be the disaster coming that takes the world into the next great depression? Well, it certainly has the potential to do so IMO because not only is diesel essential as fuel for transportation, but also for heating. How is Europe going to be able to spare one drop of diesel to anybody when they're already short for the coming Winter? They won't be able to. I don't think it's going to matter how much money the U.S. can print to pay for it.

Diesel shotages will cripple delivery of everything we us on a daily basis, so we'll again experience shortages of all kinds just like we did during the Covid pandemic, only this time it'll be worse because NOTHING will be delivered. The deliveries will stop or have to be rationed. There will be runs on food and essential necessities, like George was saying. The mining industry could come to a screeching halt, if diesel is needed for life-saving usages, like getting food to stores or running farm equipment to produce the food. We know the government will step in with their BS to control who gets what. They could take control of the energy sector and of course Brain-dead Joe has already used up much of our emergency oil reserves in an attempt to keep gas prices down.

We'll certainly see prices of everything spike higher because of it. Demand for anything non-essential will crater. Something like this could be what the Global Elitists want to happen to usher in their Great Reset and new monetary system that keeps everybody under their control.

The Fools that are supposedly running the Show forgot about the one thing that's REQUIRED to make economies like we currently have to function and that's diesel. If this blows up it will make the gas shortage look like a walk in the park.

I've already been preparing for the shit hitting the fan moment coming, but if this isn't a wake-up call I don't know what is. Depending on how bad the situation gets we won't be looking at a recession, but a definite depression coming.

I would think at some point maybe after an initial drop in price, gold would spike higher as a big fear trade.

[SeaBlue]

That is great news. What I really liked was that they blew off the CBDC but continued to use bitcoin. Good for them. Hopefully the peoples of other countries follow suit.

On another note - George Gammon explaining the diesel situation. Hopefully the miners can figure out a good way to hedge this.

[Implanting]

Here's some great news. It appears the first and latest CBDC experiment has been a big flop. Check out this article.

https://www.zerohedge.com/crypto/another-big-cbdc-flop-heres-what-really-comes-next-and-its-not-what-elites-hoped

[Implanting]

There's not one thing in this interview with Bubba Horowitz that's incorrect, he's spot on with everything. He gives his views on what's wrong with what we're seeing now in the economy, politically, and in the markets.

He says the same thing I think is going to happen in the markets, this is a dead cat bounce now and we'll see a move down later. PM's will move higher IMO at some point next year. Ya gotta love someone like Bubba that really says what's on their mind and speaks candidly. He doesn't mince his words.

[Implanting]

I'll be surprised if Biden can make it through till the end of THIS term. He's really not fit to be anywhere near the Oval Office right now, as his mental status is just above veggie state. You know you're in bad shape when you don't have the mental capacity to get off the stage you just read the teleprompter on. Very sad indeed.

Yes, Biden and Fetterman, after his stroke, are not too far apart and would be perfect running mates. Nobody could understand either one of them when they attempt to speak. Both make absolutely no sense.

I see further downside coming in risk assets. That means the stock market, the miners, and the metal prices. This recent bounce in the market is going to end in the not too distant future. I'm keeping my powder dry to buy more FFMGF at cheaper prices.

[a false profit]

you were spot on with the gold price action when I asked your opinion . I believe your skills are being wasted here . your calling is a position as a compensated PM analyst . impressive . lol commander in chief is a basketcase . I may get some bumper stickers made to read Biden / Fetterman 2024 . how sick would that be ? Biden picks Fetterman as VP for his 2024 attempt . Imagine what this duo could accomplish . I could see the U.S. nuking itself with those 2 @ the helm . LoL .

[Implanting]

It's actually very sad for this country that this is happening. The Commander in Chief is a total basket-case and the People behind the scenes that are pulling the strings don't have a clue about what they're doing. I'm surprised the overall situation isn't worse, but give it time it can be.

It's very clear IMO that the miners are having to get in line too. Remember this PR from earlier this year.

https://firstmininggold.com/news/-first-mining-publishes-inaugural-annual-esg-report

Get in line or don't get your mine permitted.

[SeaBlue]

The laughable (or maybe no so funny) part is that they were trying to oust the last guy claiming he lacked the mental capacity to do the job. Clearly Joe needs to leave due to lack of mental capacity and several other significant reasons.

Great job cancelling the Keystone pipeline and getting the pipeline in Michigan shut off. Then we put the boot on the neck of Germany (and Europe in general) by destroying Nordstream 1 and 2 (whether one believes the US or UK did it).

I just hope the miners evade major scrutiny because some of the political players in the world lack common sense and their agendas are horrible.

[Implanting]

Is there any wonder there's so much geopolitical turmoil around the world. The Man supposedly in charge thinks there's 54 states in the U.S. LOL

You can't make this shit up.

https://www.zerohedge.com/political/biden-claims-there-are-54-states-latest-gaffe

[Implanting]

Another great interview with Prof. Steve Hanke from Kitco. Why this Man isn't listened to in a much bigger way is a mystery to me. Excellent analysis as always.

[Implanting]

Looks like everything is going to plan with the new CBDC platform or maybe that's what they want everyone to think.

That'll be implemented in the not too distant future.

https://www.centralbanking.com/central-banks/financial-market-infrastructure/7953504/bis-and-central-banks-say-multi-cbdc-platform-trial-was-a-success

[Implanting]

Axel Merk interview from Kitco. Merk is asked if gold is headed higher or lower like after the 2011 top and drop. IMO he makes a very strong case that gold and the miners will head higher, not lower. Axel does a fantastic job of explaining why PM's should be moving higher when interest rates began falling again.

Are interest rates going to stay higher for the long term? Definitely not. Will the dollar strength we've seen continue on for the long term? No, it can't because if it did it would destroy currencies of the rest of the world, so that ain't gonna happen either. They discuss about how we're already seeing signs of other central banks slowing/reducing their rate hikes. That may tell what the U.S. Fed has in mind soon too.

The most important thing Merk said in the interview was that the Fed WANTS things to break because that gives them their excuse to stop the rate hikes and go back to easy money again, so he is expecting that to happen at some point. He also said the biggest thing for them is to attempt to save what little credibility they have left. He's definitely spot on there.

Also, note what he says about how gold and the miners will rally PRIOR to the rest of the market. They will be early to the party, so we need to keep that in mind.

[Implanting]

Good interview with Nouriel Roubini on Bloomberg. He's got a new book out he talks about, which is mostly negative on where we're headed, but the most important part of the interview is when they ask him what to be invested in going forward.

What was one of the 3 things he said? Gold. His reason for saying it is because thinks the Banksters will wimp out on inflation, which in turn will make the dollar fall like a rock. Gold will skyrocket when that happens and he says as much. He also talks about how China and Russia will continue to hoard more gold because of the west weaponizing the dollar against them.
I highly suggest you watch the video interview in the article.

https://www.zerohedge.com/markets/roubini-warns-imminent-dollar-crash-fed-going-wimp-out-inflation-fight

[Implanting]

VERY interesting interview with Hugh Hendry. His comments remind me of what many of the important Talking Head investor Bigshots are saying. now, but in a more dire way. He's says depression is coming and we're in it now.

[Implanting]

I always agree with just about everything Adrian Day is saying. He's old school and has tons of past experience to fall back on.

He made a big point that Prof. Steve Hanke always talks about and that's the money supply. The Banksters claim NOT to follow the money supply and that's got everything to do with inflation, so if they can't diagnose the problem how do they fix it? Answer: They don't.

[Implanting]

There's absolutely no doubt the differences between now and when Volcker was there are huge. The biggest issue is of course the debt disparity, but I also think Volcker had a real mindset to take down inflation and I'm still very skeptical of what Powell's going to end up doing. I don't think they'll ever be able to get inflation back to 2% and most likely don't want to see it that low again. They have to inflate as much of this debt away as they can without getting their heads handed to them, so we're probably talking 3-4% inflation at best going forward.

I think Rosenberg made some very astute points about what he sees coming. The markets will rally when it's clear the rate hikes are stopping, even though the Street knows they can only go so high. The problem then arises that by Q1 of next year the recession will have kicked in full force with bad earnings and outlooks for most likely the rest of 2023. Remember all these .75 point rate hikes they did this year will be hitting the economy next year because of the 9 month lag between when the rate hike was done till it's felt. That's also why it makes sense that when Rosenberg made his point about the market not bottoming until their rate CUTS are almost finished. It takes time for the rate cuts to work through, just like the hikes did.

Will we get to his 2700 S&P prediction? Maybe.
We may have to see that type of market pessimism come just like we saw the
optimism last year. The pendulum has to swing the other way.

[SeaBlue]

Good article. I don't agree with a couple of his points, but he makes some interesting calls. Any comparison of Powell to Volcker is comical. In addition, the economic backdrop now to me seems significantly different than it was in Volcker's time. Both of us (as well as several others on this board) have made several arguments about how the situation now is markedly different that it was then. It gets even funnier when you think about how long Powell talked about the 2% inflation target and then went way over the target. That and the huge amount of pandemic-related money printing /increase in M2 money supply will be 2 things that will always come up in my mind when thinking about Jay.

Check out 2020! https://fred.stlouisfed.org/series/M2SL

The comments about comparisons to Arthur Burns made me laugh.

[SeaBlue]

Adrian Day talking about the Fed - if you do not understand the problem you cannot expect to find the answer - or something like that.

[Implanting]

This is definitely a must read interview with David Rosenberg. You want to read the whole thing, especially the part where he explains when the top and more importantly when the LOW should come in the market. The most revealing thing he talks about is when they stop raising rates and then pivot, he sees the market having a sucker's rally. Everyone will think good times are here again that will most likely be the top.because the problem is we'll also be in a recession with a bad economy with BAD earnings, so after the market initially pops the reality of going through a recession will take over and tank the market to it's lows.

Rosenberg thinks the market bottom will come closer to when the Fed is finished cutting rates than when they begin cutting. He thinks that will be by the end of 2023 and the market should come back in 2024. That would most likely also be when gold and the miners head higher. Very interesting take on what's going to happen and he gives some historical past on it happening before.

https://www.marketwatch.com/story/from-bambi-to-godzilla-strategist-david-rosenberg-skewers-the-federal-reserve-as-he-sees-a-30-hit-to-home-prices-and-the-s-p-500-returning-to-an-early-2020-low-11666627170?mod=home-page

[Implanting]

Without doing more research into what they're actually doing, just on the surface I like their mission statement.

https://kinesis.money/about-us/

What I would hope comes in the future is something like what they're attempting to do and it becomes widely accepted, I'm not sure how comfortable I would be giving all my physical metal up to go in someone else's vault. I don't care who's plugging the Company. Frankly, Andrew McGuire's predictions haven't been real accurate to date, that's not to say they won't happen.

I would expect to see Kinesis Money grow in popularity as people move away from both fiat and more traditional type cryptos that go belly up, but of course that will take time. I might be more interested in it when I see how widely accepted it becomes and they work the bugs out of it. Could we call it gold-backed Bitcoin? Maybe.

The Powers That Be want to roll out their CBDC's before they crash the old System and go completely digital, but IMO that's going to be much, much harder to do than I think they're counting on. There's going to be some serious disruption and turmoil in the process, maybe that's what they're attempting to do to cover their tracks. Time will tell.

[SeaBlue]

What do you think of Kinesis money? I know Andrew McGuire has been involved with them for a while.

The CBDCs are just bad news on several fronts. Hopefully they fail miserably.

[Implanting]

So, it appears that now even the high-ups in the U.S. military are saying China will be invading Taiwan sooner than later, maybe even this year. What would such an event do to the world economies even as they currently head into a most likely severe recession? It will get very interesting if this happens. Keep your powder dry.

https://www.zerohedge.com/geopolitical/prepare-china-invade-taiwan-year-top-navy-official

[Implanting]

Good read.

https://www.asiamarkets.com/china-russia-gold-reserve-currency/

[Implanting]

Uh OH, not good.

https://www.marketwatch.com/story/fragile-treasury-market-is-at-risk-of-large-scale-forced-selling-or-surprise-that-leads-to-breakdown-bofa-says-11666290995?mod=home-page

[Implanting]

I wanted to post this latest video from Rob at Gold Silver Pros and it's well worth watching. Skip to the 7 minute mark in the video and that's where he begins to show some video of Neil Kashkari of the Fed talking about digital CBDC. Believe it or not Kashkari actually gives reasons why it's NOT good and might not be advantageous to U.S. citizens. That's not what I expected to hear from any of the Banksters.

The rest of the video is Rob updating where he thinks the BIS is headed with the CBDC and how it will be rolled out. Amazing stuff. Goes back to the Reset and how the Banksters will come in to appear to save the day once they destroy the old System. This looks to be their gameplan.

[Implanting]

Maybe this is why all the Bigshots are soooooo worried about what the not-too-distant future will bring. The real crisis' will be countries going bust, not just banks or financial institutions. The BOE had to start QE back up to keep their bond market from crashing and it looks like they are going to ATTEMPT to go back to QT on Nov. 1. Let's see how that works for them. Like the article said, once they get hooked on QE they can't get off of it.

https://www.zerohedge.com/news/2022-10-19/what-happens-stocks-when-5th-largest-economy-world-goes-bust

[Implanting]

Yet another Big Shot (Bezos) talking about all Hell going to break loose or in his words "batten down the hatches". I can't recall a time that so many big shots have been portending bad things coming.

https://www.msn.com/en-us/money/markets/jeff-bezos-makes-dire-prediction-about-the-economy/ar-AA139esz?ocid=msedgntp&cvid=40d1c56db1614a838a5e7889ee862130

[Implanting]

Good Stansberry interview with Mike McGlone. He's very bullish gold and says the move will come in due time. He predicts the Fed won't be able to lower rates back down to what they've done in the past. I agree with him there.

[Implanting]

I keep hearing and reading the bottom in the stock market could come in Q2 of 2023. This article confirms maybe why that could happen. In this article it states that the rate hikes that started in March of this year take 9 months to work through and begin having a slowing impact on the economy. That means the first hikes should begin showing up in December and the bigger hikes hit several months later, so depending on how big the slowdown is and I would it to be fairly substantial after say the March/April timeline we could expect to see no more rate hikes after year end or latest Q1 2023. That will depend on if the inflation numbers begin to fall.

Problem is we may not see a big move higher in the markets if we're in a recession and interest rates are still at high levels. Gold will be moving higher next year when the rate hikes stop and the dollar begins it's decent.

https://www.zerohedge.com/markets/fed-rate-hikes-approaching-breaking-point

[SeaBlue]

Latest presentation by Dan.

[SeaBlue]

Agree. EOM

[Implanting]

IMO them destroying the system is unavoidable and I firmly believe they know it's coming. The challenge they face is making it appear that it wasn't their fault and when the Reset, war, blow-up, whatever the actual trigger is for the event happening comes, I believe they'll have a big hand in it.

So, when that shit hits the fan moment comes and everyone thinks the world is circling the toilet bowl the Banksters ride in to save the day or so it would appear to most of the Sheeple. I see them rolling out with the CBDC scam not too long after that predetermined moment THEY CREATED arrives, which gives them much more power and control over everyone.

My 2 cents.

[SeaBlue]

They won't do it.............unless the REAL goal is to destroy the system.

[Implanting]

I agree, that could never happen. The whole damn System would implode before they ever got that far. I don't think Mobius has thought through exactly what 9% interest rates would mean or do to world economies. We're not even at 4% yet and cracks are already forming in the financial system.

Mobius is supposed to be an expert in emerging markets and the Fed attempting to go that high with rates would totally destroy emerging markets. IMO they're going to have problems if they go another .75 in November. I think that brings it up to around 4% if they do that.

[SeaBlue]

Good luck with that! LOL! On 31 trillion in USD debt, that would be 2.79 trillion per year in interest alone. If they do go that route, it will be a printing frenzy liike never before! It will give the pandemic printing frenzy a run for its money.

[Implanting]

Interest rates at 9%? That's what Mark Mobius is saying they may have to do if inflation stays persistently high. IMO it will never happen, but if inflation stays high they'll at least have to TRY and bring it down to save face.

https://finance.yahoo.com/news/mark-mobius-warns-us-interest-165250875.html

[SeaBlue]

I agree. I might add as well. EOM

[Implanting]

That was a great interview from Maura. I like what she said and what the Company is doing. Treasury is so undervalued now if's almost unbelievable how cheap the shares are. I'll be adding more very soon.

The Treasury share price should take off higher sooner than FMG shares, being they're farther along in the process.

[Implanting]

When people, like Klaus Schwab, attempt to "engineer" outcomes that aren't natural or free then we see what happened in China when they tried to control their population. China was having their population issues because most of the people there lived in non-urban areas that required farming and that in turn required more children to work those farms. Much the same as it was in the U.S. back 100 years ago. As the population "urbanizes" and moves to cities and out of the countryside population naturally falls.

We've also seen society change when just a generation ago the husband was the breadwinner and the wife stayed at home and raised the family. That pretty much has become a thing of the past with both husband and wife working to make a living and having less children are a result of it. These are just two examples of the way population controls itself. We know there are other ways that's evolved over time.

At the end of the day populations continue to rise and world resources dwindle, so as George said commodities are going to become more expensive. PM's are going to be a big part of that move higher.

[SeaBlue]

Treasury exploration update:

[SeaBlue]

I take the opposite view of some of the people and organizations George talked about - increases in population should be a driver for ingenuity, not a driver for restrictions or some horrible plan. A 2-second review of China's popluation control policy reveals there is some risk in attempting to control numbers. They instituted their 1 child policy a few decades ago and now they have a demographic problem. Can you imagine the deflation if we get the large reduction in population some of those folks are calling for?

George did a great job of addressing everything. He is a very smart guy who almost always states things in a very easy to understand way. Like you, this is the first video I can recall of him touching on these subjects. Perhaps he thought the timing is now right on this because it has been brewing for a while.

[Implanting]

Yes, he absolutely does a great job of tying it all together. I thought it was really telling how he made the point about what the SMART people he talked to were saying behind the scenes AND not so much in public. Those people are even being intimidated and in fear of being labeled or banned.

That may have been the first video from him that was so candid about the bigger, social-issues picture. He gave some really good history on how it's gotten to where we are now. George is a very intelligent, thoughtful, person and also a good investor, I thought that was one of the best videos I've seen from him.

As he said in the video the world HAS to use more of everything to make ends meet. The larger the human population becomes the more they consume, not less. I read the other day that the world population has doubled since 1973. That's a doubling in the last 50 years.

[SeaBlue]

Another great George Gammon video. He does a great job of tying all the players, organizations and concepts together. To me it is also a social commentary (thought that probably wasn't his intent). If he is right about a commodities super cycle for the next 10 years that will be perfect for FF.

Hopefully a nuclear device is not used. That would be a tragedy. But like he said it would satisfy the desire of some people.

[Implanting]

Did you ever think you'd hear Cathie Wood of the Ark Funds talking about gold and how it's a leading indicator for them? She is in this video. She talks about how the gold price is breaking down currently and that is indicating deflationary pressures are coming. IMO she's only partly right with that argument. The Banksters are currently trying to create less inflation by implementing higher interest rates and QT. That in itself is deflationary and putting pressure on everything that requires higher inflation to do well. That includes everything from the stock market and her very over-levered Ark funds to even Bitcoin, gold, silver, and commodities. Excess money raises everything's value and less money decreases it. It's that simple. She never talks about that, but that's the real crux of where we are.

Cathie needs to have a heart to heart talk with Jim Rogers. I think he could give her some very good advice about what's really going on. Cathie wants to talk her book with new, disruptive, type companies. That great, but if no one has money to invest in those companies they'll continue to lose big like they have this year. Ark funds are great as a fair weather type investment, unfortunately at the moment we're far from a good weather environment.

[Implanting]

I'm replying to your post with this George Gammon video I just watched. Gammon thinks we're heading into a 10-15 year supercycle in commodities and he makes some compelling points as to why. He also makes some other obeservations that I thought might interest you too.

If you get the time to watch it I believe you'll find it enlightening. I know I did.