[Implanting]

My advice is don't believe anyone in government. The government is only there to further their interests, not the little guy's.

Most politicians are only concerned with getting reelected and enhancing their own lives, not the people they're supposed to represent.

Sad, but true. Exactly why there's no accountability when all Hell breaks loose.

[Implanting]

I couldn't say what they're doing with silver. It wouldn't surprise me to hear about some unknown plan they're doing.
I read that most silver hoarding is going on in places like China and Russia.

[Implanting]

Keith always talks about FM as being a pure silver play, but as I've said before he seems to have them moving into more of a gold and silver producer. Jerritt Canyon is a big gold mine. They will mine some silver there, but mostly gold. If and when that property begins producing that will make the silver to gold
mix for FM even less. I don't see how that can be a negative for any producing mine with the gold price where it is, but for some reason Keith wants to talk about silver mining.

[SeaBlue]

Ha! Yeah, they screw us with their monetary policy and then sit back and laugh as they further stick to us by making us pay for their palace(s). I wonder if the Federal Reserve offices in Dallas, New York, Chicago, KC, San Fran, etc. are opulent? Did our tax $$ pay for this?

One good thing with the politicians not being honest with us is we know one thing for sure - they will print and print again. As we get further along on the event horizon we'll see more and more dramatic and unintended effects. Metals should fulfill their historical role of preserving purchasing power.

[SeaBlue]

Do you think the US has been (or could going forward) covertly stockpile silver? I have not heard anything about this and was curious about what your opinion is.

[TexasMarvL]

Thanks for sharing.Keith said the share price got a bump on Friday because AG put out increased production guidance.   Okay.  
But spot silver is up almost $2 the past few days.  
I do agree that AG has some big legs to run on going forward.  Even without Jerritt Canyon production, AG has three times as much production than 10  or 15 years ago in the last bull cycle. 

[Implanting]

"They need to knuckle down and be honest with the people." Ha, That ain't gonna happen! Was the government honest with us when Covid hit? Did they tell the truth then or even give people the option of NOT taking their BS vaccines. No. They demanded it be done. Nothing honest about that.

Did the few lawmakers in Congress actually get to vote their conscious on the BBB? No. The few that had the balls to stand up and say it was just another big spending bill were threatened, ostracized or bribed to vote for it. I see nothing honest about that, but that's the way the Shit Show is run. The few real fiscal conservatives either couldn't vote for that or were made irrelevant altogether.

Here's what's going to happen. When the SHTF moment comes the politicians will point fingers at everyone else but themselves. They'll blame past administrations for mismanagement, Wall St., The Fed,, Donald Trump, if he's still alive, ANYONE, besides themselves.

All the other Bagholders, like us, will feel the huge inflationary effects that will be the result of the huge monetary creation that will have to be done in order to prevent total collapse. Yes, government services will HAVE to be greatly reduced because they'll no longer be able to be funded. All Hell is breaking loose now with just some of the small cut-backs Trump is attempting to make. How will it be when the REAL TRUTH gets here? They still won't be honest about how it all happened because that would mean admitting to everyone how corrupt it all is.

The BS with the new Fed Palace is a perfect example. This is just gross mismanagement and corruption in spades. I thought the Fed was a non-government, PRIVATE institution run by the Banksters. Why the hell aren't they paying for their new digs? Why is this on the taxpayers to foot the bill?

Why? Because that's the way out-of-control governments operate. They spend until the wheels come off and then everyone asks, HOW COULD THIS HAVE HAPPENED?

[Implanting]

I see Trump doing some sort of gold revaluation. IMO it makes no sense to do a revaluation for anything less than $20K an ounce for the reasons Gammon gives.

We know Trump has a lot of big things in the works coming by the time next July 4th and the 250th anniversary of the U.S.A. happens. I believe all these events will come before next July 4th and Trump of course will make a big deal out of it to his own credit of course.

Why is Trump so hell bent on getting Powell out as Fed Chief? I believe Powell might be standing in his way to do some of these things and Trump NEEDS a Yes-Man in place to ensure this process goes to plan. There has been a lot of talk that Bessent himself would be appointed Fed Head by Trump. Now wouldn't that be convenient. IMO this could be in large part why we're seeing all this pressure being put on Powell to resign. Get his ass out ASAP and get the plan ready to move forward.

Trump and Bessent have a plan. It may entail more than just a gold revaluation. They may be looking to monetize all commodities that the U.S. has into some sort of sovereign wealth fund too. I read that is on the table also, but this is right up Trump's ally and he will want to take some victory laps and be seen as the Saviour for us all next July 4th. JMO

[SeaBlue]

They should be concerned as we whistle our way past the economic graveyard. No one here is willing to deal with the debt and deficits. They need to knuckle down and be honest with the people - we are going to have to live with less excess than we used to. But that is hard to do with almost all members of CONgress getting rich and breaking laws - often with no consequences. Spending billions on garbage that does not work - i.e. - airplanes that can't fly when it is raining.

Oh yeah, and stop spending money on creating beautiful workspaces for people - government or government-related workspaces should be plain vanilla and not cost much. Here we have a perfect example - the Fed trying to create an extravagant workspace using our tax dollars. No way.

https://www.cnbc.com/2025/07/12/federal-reserve-trump-renovation-attacks.html

[SeaBlue]

Great video! I hope it comes true, but I would hate to see the accompanying inflation and impact it will have on folks. Below is the video he mentioned within the video you posted. Since Trump is quite the BSer at times, as we have talked about the desire to claim credit for reduction of the US debt with a simple accounting move would be something right up his alley. Forget about the budget deficit and other long-term structural deficits that will keep the debt growing if they are not addressed. He will want the credit now and be able to gloat about it.

[Implanting]

So, this is why Trump and the West are worried about what's happening with BRICS countries. Trump is threatening them all with big tariffs if they don't stay with the dollar. They denounced the tariffs/sanctions Trump is putting on them and Trump's response was to levy more tariffs. LOL

The world order is changing and so are the powers in it. I thought this article gave a good overview of where BRICS is going and it has the West very concerned.

https://www.zerohedge.com/geopolitical/what-just-happened-rio-should-terrify-west

[Implanting]

Here's another Keith interview from this last Thursday. He touches on some different things in this interview and finally talks some about what's happening at Jerritt Canyon. He speaks to how that move fucked the FM share price for two years. When they finally get it back up and running that will be a huge plus for FM.

I didn't detect any cryptic messages he had for future plans, but may be said something?

[Implanting]

Anybody else see this? We've discussed it here before.

[Implanting]

Judy Shelton is my pick for Fed Head. I don't think Trump would pick her. The member banks may not have a say in the matter. Trump can pick who he wants.
We know whoever he chooses they will be someone that does his bidding.

These two guys I think are the front runners currently. Hassett may be his pick. He would do what Trump tells him to do and work closely with Bessent. Hassett is in Trump's admin right now.

https://www.msn.com/en-us/news/politics/two-kevins-battle-to-be-next-fed-chair-in-trump-s-apprentice-style-contest/ar-AA1Ie23k?ocid=BingNewsSerp

[SeaBlue]

Ha! If they are going to install Shelton, they should acquire all the gold they can get their hands on first.

I doubt the member banks would go along willingly if Trumper were to select Shelton.

Good volume today.

[Implanting]

Speaking of J. Powell.

I'm watching Larry Kudlow's show as I post and they're talking about Powell might be OUT as early as this weekend. Trump is coming after his ass in a very big way. Trump's minions have been blasting Powell all week and this morning one of Trump's guys was saying Powell should resign sooner than later. I saw that myself, so this looks to be for real.

They're saying Powell lied under oath about the new $2.5 BILLION Federal Reserve building was a huge cluster-fuck engineered by Powell. It's only $700M over budget. This shit is only possible in Washington D.C.

We'll see how this plays out, but if Powell is forced out that would seem to me to be a problem for the markets. May be good for gold.

P.S.: Kudlow had Judy Shelton and a guy from the Mises Institute on and they were both talking about how screwed up the Fed is being run. I say put Judy S. in charge at the Fed. Gold would go through the fucking roof.

[Implanting]

Another thing he made mention of was the problems they're having selling our long-term treasury debt. No one wants to buy it for fear of losing it all down the road.

Whalen was saying the short-term bonds and T-bills are what people want, not anything over 10 years. That reminded me of what Judy Shelton was saying in one of her interviews about Trump/Bessent coming out with gold backed 50 and maybe 100 year bonds. That might be a necessary move to get investors back into that market. They may have to do it for the 20 year paper too.

[Implanting]

I listened to that part again.

IMO it's hard to speculate on what he was speaking to, but anything's possible. He could have been talking to pure silver play acquisitions too, since the conversation was about First Majestic. FMG is a gold play, but that could have been what he was talking about.

[Implanting]

Chris Whalen is good. I'm not sure I agree with every point he made, but with most of them I do. Chris understands history and money.

He's totally right about the debt situation and the point he made about no one wanting to be the reserve currency is probably right. There's a lot of baggage that comes with being the reserve currency and IMO having the res.currency entails having the trust and backs of the rest of the world. In time that dynamic always slips away. The currency gets abused and debased over time. The industrial base leaves and goes somewhere else. That's already happened. The only saving grace is that right now there's no one else to take the baton from us, but gold will be the equalizer IMO. I agree with You 100% on China's world-dominance aspirations. They're moving in wherever they can.

I think what he said about Trump going after Powell in the manner he has is right too. Trump is like a fucking bull in a China shop. He doesn't give a damn about how he handles things. In the end that might be good for PM prices with the uncertainty it brings. He said Powell can actually stay on as a fed governor until 2028 IF he chose to do so, even if he's not the Chairman. Rest assured Powell will be out as Chair on at least May of next year.

I think I heard him say that stablecoins and crypto won't fix the problem because in the end they're still backed by dollars. The dollar debt is the problem, so I'm not sure how the Powers That Be would put lipstick on a pig, but I'm sure they'll try.

This is how I see the inflation thing and the tariffs. We aren't seeing any tariff inflation currently, BECAUSE THE TARIFFS HAVEN'T REALLY HIT THE ECONOMY YET. Trump's minions are saying we're not seeing any inflation now from the tariffs, but remember most of the trade deals have been pushed back and have not taken hold yet. Let's see if the inflation spikes again AFTER he ever puts them on. Trump's pushed them back twice now, will he do it again? I think most of his threats are mostly bullshit and he's trying to do deals and NOT have to use tariffs. The inflation will return in time, after the tariffs are in place, most of them aren't now.

[TexasMarvL]

Didn't take long to get to $38 per oz.Big day for Silver today.

[SeaBlue]

Great discussion with Whalen. The US Debt to GDP chart at about 5:50 says it all - before the max was around WW II - totally understandable. But what did not appear in the chart is that this is even higher today with no major (declared) war taking place. Crazy.

Interesting how he mentions something we have discussed before.....no one wants the world reserve currency because of what it entails and while the USD will decline relative to other currencies it will remain the reserve. His view that China and Russia just want asymmetries in their respective parts of the world is open to debate as the Chinese are broadly expanding around the world including South America and Africa. I also think China would like to stick it to the US and possibly make a play for some of our pacific islands or perhaps more. They were moving on the Panama Canal until Trump put a stop to it. They are taking over ports all over the world as well.

I agree with him when he says Trump is having a necessary conversation with our trading partners but in a very aggressive and crude way. I think this part of Trump's personality is a huge negative for him and the US in general. You can be tough but not be an ass, but he seemingly likes to be a real ass at times.

I hope they are wrong in their discussion of a reacceleration of inflation with a compounding effect.

Loved his line that you can't pay bondholders with crypto.

I would laugh if Powell stayed on as Fed chief until Trump leaves. That would spark some fireworks for sure!

I don't understand how anyone - regardless of political affiliation - could say there is no inflation. Just defies everyday experience when purchasing goods and/or services. State Farm is going to raise property insurance rates like 20 or 30%, ComEd (an electricity provider in some states) is raising rates, the gas company in my state is raising rates.

If his prediction of NYC having to get out of public housing occurs I'll be surprised. The pols there would get crushed at the polls if that happens, so I don't see them doing it.

[ZenDomain85]

One interesting thing said around the 7:10 mark when discussing the next acquisition. He said 'maybe the next acquisition is being developed right now' followed by 'we just uh in the early stages'. Was he catching himself here - as it is a very interesting use of the word 'we' in this context. For me - this gives some credibility to the possibility that Keith has his eyes on acquiring FMG and establishing a strong foothold in Canada. Interesting....

[Implanting]

Here's another Keith interview from Rick Rule's conference. There's not much new from his other Kitco interview and he doesn't mention FMG at all, but what he does mention is where he sees the silver price breaking out at. He's calling for $38/oz. as that number.

Guess where the price is this morning? https://www.marketwatch.com/investing/future/si00

[Implanting]

Real nice interview with Agnico CEO at Rick Rule's show recently. Would be good to partner with them at Duparquet.

[Implanting]

If you have time to watch this Chris Walen interview I highly recommend you do so. What he says makes so much sense. About halfway through the interview, he talks about the government using stablecoins and crypto. He thinks that's just a distraction from the bigger problem. The dollar.

Chris also is super knowledgeable about historical events that might happen again in the future. He also speaks very positively about gold and where it's headed. Whalen is a banker by trade.

[Implanting]

Here's some background on the 50% Brazilian tariff Trump put on them. Seems mostly political in nature to me.

https://www.reuters.com/world/americas/trump-says-us-will-charge-brazil-with-50-tariff-2025-07-09/

[SeaBlue]

Holy smoke! I had not heard about the 50% tariff on Brazil......and the tariff was placed for a non-economic reason. The tariff implementation (or lack thereof) has been a clown show.

I reviewed NexGold's website and according to their 2025 corporation presentation FF still owns 1.8% of them. That is another possible potential sale if we need to raise more funds. That being said, a lot of time, effort and money went into these deals and it makes we wonder if we would not have been better off just operating a small pit or small mill on one of the properties. Granted, most of the properties would have been a no-go because of the length of time it would have taken, but I would think maybe 1 would have been possible.

[Implanting]

Frank G. is always a great interview, and the Man has an opinion on a lot of things. I agree with all of what he's saying.

He spoke some to dollar weaponization. I heard just yesterday on the news that Trump was putting a 50% tariff on Brazil. It wasn't because of trade issues, it was all politically motivated. They have a left-wing government there now and the Fellow before was right leaning. I guess Trump doesn't like the change, so he hits them with a big tariff. I would say that's a sanction, not a tariff. Of course, events such as this are not good for the dollar. I don't see how any of this tariff action is actually dollar positive and IMO just accelerates other countries AWAY from the dollar. I don't think Trump cares about that aspect.

The price moves we're seeing in gold is happening as more people realize what's going on with the change in rules for physical gold and away from paper gold derivatives, as Frank said. This will be a process that takes time, but as we draw ever closer to a debt crisis getting here people are going to move into physical gold and silver for real safety. Our mining shares will eventually go parabolic too.

[SeaBlue]

Frank G discussion. The whole video is good, but if you don't have that much time start watching at about 15 minutes in the video. He talks about gold's status as a tier I asset.

[Implanting]

Probably.

No telling what Dan's gonna have to do to get the approvals of the Big Chiefs. I'm reluctant to even speculate on that here, but it could get ugly. LOL

[Nsnz33]

Pretty sure Keith is referring to EA + Mine Construction Permit + First Nations Dan Train Gangbang permit

[Implanting]

IMO it's really hard to know what he's talking about without him being more specific. Yes, he does say FINAL APPROVAL, so I suppose its possible he's talking about having to acquire all the other various permits needed above and beyond just the federal government's approval. That may include provincial permitting and approval from First Nations in some capacity. I really don't know.

What I do know is he's confusing the situation. He said the same thing in an interview not long ago and when I asked Paul about it he told me that the Springpole EA was still on schedule for end of this year. That's the most important permit to have.

Keith may be speaking to getting ALL the permits they require to actually build the mine, which is why that might take longer?

[al507]

hi , yes he mentions final permit at about 11:54 , Could it be that the biggest hurdle ( federal approval) is approved earlier than final permit?

[Implanting]

It sounds to me like he's talking about the permitting getting approved. His reference is to how long it's been taking to get these mines permitted, so that's what it would appear to be what he's saying. Why is he saying 1-2 years away when the government approval is on track to be approved by year end according to Dan?

I would come closer to believing what Keith is saying than Dan, so what would the hold up be that Keith is referring to? First Nations? Provincial permits getting approved? I don't know, but I will be asking Paul in short order.

Keith said the same thing in an earlier interview.

[SeaBlue]

We don't know specifically what Keith was referencing (EA approval or something beyond that) so I am going to give him the benefit of the doubt. That being said, Dan has made more specific statements and those timelines are continually wrong. I hope you are not right about something not being revealed.

If we're looking at 2 years then we will probably get diluted again and in a big way. Hopefully it does not play out like that.

[SeaBlue]

Turbo, thanks for posting that! EOM

[Implanting]

He's still saying the permitting is 1-2 years away from getting done. Why is he saying that?
Dan's been saying the government approval should be given in the next 6-9 months. Something is not being revealed to us here.

He side-stepped the question about mine nationalization in Canada.

[TurboMountain96]

11m 30s Keith talks about FMG.

[Implanting]

IMO this is just the beginning of these scams becoming more prevalent and the move out of fiat and into PHYSICAL gold and silver continue. People are going to wise up to these types of scams and the biggest scam of all, which are the ETF's in these metals.

Just imagine the flood of physical buyers into PM's when the ETF's implode. That's when you won't be able to find physical gold or silver anymore. Physical silver will go parabolic because gold will be too expensive to own for the average person. Couple that with physical silver shortages and you've got the perfect storm.

These scams always materialize when the demand gets high. I ONLY buy physical metal that I can hold myself.

[SeaBlue]

Very interesting. Supports the phrase "if you don't hold it, you don't own it." It would be nice if we could avoid any further scams involving gold as it would just dampen enthusiasm for it in China. Or perhaps it would increase enthusiasm for it - in physical form in the hands of those buying it.

[Implanting]

Wonder if this had anything to do with the gold price drop today?

https://www.zerohedge.com/news/2025-07-08/news-china-gold-platform-implodes-600-million-ponzi

[Implanting]

I see Mike Gentile and his group backing Big Ridge did a $5M private placement to essentially pay for our 20% stake in BRG. He owns a lot of them and is a big believer in the Company.

https://finance.yahoo.com/news/big-ridge-gold-corp-announces-110000934.html

[Implanting]

IMO they should be up big. They got a great deal. Dan's big on giving our partners good deals.

Maybe we'll eventually make out on the Big Ridge shares we acquired for our 20% stake. LOL

[SeaBlue]

Big Ridge Gold up 10% on the news. EOM

[Implanting]

You may be right. Nothing short of some real game-changing event, like you mentioned with the EA approval or deal signing is going to help the share price, but we KNOW that further share dilution would only be a negative for higher share prices.

That in itself is a big reason to not do more offerings. Maybe they figured that out. I told Paul that myself on a number of occasions.

[TommyJ7651]

Keith has bought 1 250 000 shares filed on 7.5.2025. If that does not tell you we are making good progress then nothing will.

[ZenDomain85]

I dont think anything is going to significantly move the share price until EA approval and/or JV deal signed. The ship containing higher priced shares due to good management and strategy left port long ago.

[Implanting]

I would add this thought to why they might not have chosen to do another share offering. The last time I spoke with Paul, he told me they wanted to try and keep our share price up because the higher our share price was the more leverage we would have in getting more from a potential JV partner. That makes some sense IMO.

That fact could have also weighed in large part to selling Hope Brook and not doing another offering. We know they're making a push to move our shares higher and doing another offering would have certainly been contrary to that effort.

[Implanting]

The head Bullshitter in charge staying at the White House always talks about the great relationships he has with other world leaders. It would appear that other major world economies like Japan and South Korea are telling him to go fuck himself. They're not signing any tariff deals with Mr. Deal Maker. Since, Trump put the tariff narrative out there to everyone, there really hasn't been that much agreed to up until now. This is just a lot of smoke blowing.

https://www.zerohedge.com/economics/trade-tariff-recap-all-eyes-todays-12pm-signed-letters-announcement

[Implanting]

I would agree. I believe Management is finally listening to shareholders about the excessive dilution issue. Hence the Hope Brook sale.

I personally would like to see them keep Pickle Crow, IF THEY CAN. My hope is that this money will get us past the finish line at Springpole and we can do a deal with someone before anymore share dilution OR asset sales have to happen. There's a lot of gold at PC, I don't want them to just give it away.

I still believe Dan fucked up royally in ever selling that property.