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I can very well see this happening. But it is also possible that we go through something like the "Nasdaq crash" where the big tech stocks crashed like crazy while gold mining stocks actually rose or stayed flat during the crash. The reason for this would be that if we have a bad recession on the horizon then by all logic growth stocks and tech stocks should suffer, but at the same time, the pressure will grow to lower interest rates which would support miners very much if inflation is still somewhat above the Fed's target levels. Stagflation has been a very good environment for miners, historically. Of course, if we have a very bad stock market crash where we are facing a liquidity crisis or freezing of the credit markets then for sure every single stocks would most likely suffer.
I think a very severe stock market crash / liquidity crisis would most likely need a real "black swan" type of event to happen.
I can't tell you how infuriating that article is......so where did that money REALLY go? That is the question.
I like getting differing points of view as to the big picture story. Here's Brent Johnson of the Milk Shake Theory fame speaking to what he sees happening now.
Johnson thinks the dollar will be around for much longer than most of us think it will and he talks about that some in the video. He makes comments about what's money and gave the analogy that cigarettes were used as money in prison AND that when confidence in fiat money is lost ANYTHING can be used as money.
I would agree with him there, but the part of the story that he doesn't seem to get is that THE CENTRAL BANKS ARE HOARDING GOLD CURRENTLY, NOT DOLLARS, YEN, EUROS, OR YUAN. I'd like to hear what he says about that. Sure they play their devaluation games between countries to fuck their enemies when they have to, but what happens when the Top Dog is taken down? That changes the whole story IMO. Confidence lost in a country is the same as confidence lost in that country's fiat currency.
Johnson talks about the way the System works now, but what happens to the System when major changes are made to it? IMO that may be what's coming.
Ala, the next Bretton Woods.
This is exactly why the dollar is toast and most likely the American way of life with it. Your tax dollars at work or should I say WASTE.
https://www.zerohedge.com/markets/your-tax-dollars-work-75-billion-has-produced-just-7-charging-stations-across-four-states
Without knowing what deals may be brewing behind closed doors at FMG, I'm going to take the other side of the notion that we've bottomed pricewise.
I wouldn't be surprised if we touch those recent lows again, before we head higher for good.
I do that on this premise. We're where we are now on a rising tide in the overall markets. I think at some point probably before the end of this calendar year that's going to change, and the markets begin selling off in a big way. If and when that happens ALL stocks are going to fall. We'll most likely be going into a recession or slowdown in the economy, so no stocks, including the miners will be spared.
I also think this downturn could see the rotation of investment money out of financial and tech stock areas and move money into the commodities arena that's been so unloved for years now. We'll have to see how it plays out, but I'm still keeping my powder dry for now.
If I remember what Keith said on the last webinar he was on, he commented that he wanted to hold 50 million FF shares before the end of this year. If he's still looking to do that, he actually needs to pick up his buying numbers.
Keith buying again on the open market, another 250k shares on 7.5.2024. He now owns 30,4 million shares, most of which have been bought in the open market and in pp. I still think we bottomed out at 10 cents back in february.
We've talked here before about the possibility of gold being REVALUED HIGHER. I'm posting this video on the speculation of that happening.
Luke Gromen seems to think the U.S. is in a situation where revaluing the gold price higher is not so far-fetched. Listen to the logic behind what he's saying and where the price higher COULD BE.
There are many factors that would play into something like this happening. Listen to what the commentator says. The dollar's value would drop bigtime. The silver price should follow the gold price up in such an event.
https://goldsilver.com/blog/20000-gold-is-a-treasury-revaluation-possible/
This a fantastic interview from Larry MacDonald off the Kitco site. I see this Man on MSM TV very regularly and he's really on top of things.
Larry covers a LOT of ground in this interview, and he talks in depth about the coming rotation OUT of financial-type equities and what will come very soon as the money begins to move into commodities and commodity-based companies. The population of the world has grown exponentially, but commodities have lagged for years in investment and interest. That's got to change.
He has a lot of positive things to say about the metals and it sounded to me like his favorite metal is silver. He talks about it a lot. He's very bullish on platinum too.
Yes, he's painting a very gloomy picture for the next several years for sure. I found myself agreeing with a lot of his points, especially those concerning the government caring less about people's personal freedoms now and how a lot of that could play out. I really agreed with the points he made about Trump maybe NOT winning the election because of it being rigged again. It the Elites come up with another pandemic scare or a bird flu scare before the election that prevents the vote from getting out, Armstrong may be proven right. Time will tell on that.
If like he said NATO accepts Ukraine into the group, that would ramp up the war there in a big way. What would China do then? Would Xi stand behind Putin against the West? We would have to see how that plays out, but it's possible I suppose. We could at that point have WWIII on our hands.
There's a lot of different dynamics coming into the picture and the Global Elites like Armstrong said WANT WAR to distract the Sheeple about the overwhelming debt and social problems that confront them. We're going to be heading into that period of time probably next year/2025 and 2027 almost seems consensus on when something really bad happens.
His comments about CBDC coming and the dollar's demise were very telling too. Physical silver is still very cheap here, compared to where it may be in 2-3 years. I may have to buy more soon.
Just got done with the Armstrong video. His position on gold certainly has become a little more friendly over the years. To hear him agree or say you should have 2 years of food is a bit concerning. People definitely are interested in what he has to say......his conferences and books are not cheap. I actually considered going to one in Florida a few years ago.
Unfortunately he seems to be in the camp now that conflict is more likely than not. What kind of conflict? Take your pick - kinetic between countries, societal, economic...
Just watched this Martin Armstrong interview. I wanted to post the link because there is some discussion on gold in it.
Armstrong talks about a LOT of different things that may or may not come true, but what he says is certainly controversial. I agree with much of what the Man is saying. His take on what these world governments are doing is spot on.
Also, listen to the date that keeps coming up in many pundits time line that is 2027. That seems to be the date all Hell breaks loose. I've heard a half dozen different people talk about that year being crucial.
https://www.zerohedge.com/geopolitical/you-need-two-years-food-martin-armstrong-warns-there-will-be-shortages-perfect-storm
This could very well be the Black Swan that brings down inflation and issues in a coming deflationary bust. This Man knows real estate and what's going on behind the curtain with it. If he's right the Banksters are going to have some big problems coming.
https://www.msn.com/en-us/money/realestate/billionaire-real-estate-investor-barry-sternlicht-says-he-expects-at-least-one-bank-failure-per-week-due-to-real-estate-loans-that-s-a-fragile-animal-right-now/ar-BB1m3wkw?ocid=msedgntp&pc=U531&cvid=5b28b00620c34b4fab7ce192f3f9b5a3&ei=17
Another really good George Gammon video on what he sees coming. In this video George talks about how he thinks the Banksters are really MORE concerned now with the coming deflation shit-storm than continued rising inflation AT LEAST IN THE NEAR TERM.
This is exactly what Prof. Steve Hanke has been saying because of the huge drop in the money supply. We know J.Powell wants to begin dropping rates as soon as he can, but the "data" they supposedly follow isn't allowing them to do it. I expect them to start "cooking the numbers" to reflect worsening economic/job conditions or to actually cause some event to get the inflation numbers dropping faster. They'll need to begin dropping interest rates sooner than later to head off the coming DEFLATION.
Of course, the continued fiscal spending being done by the Dems is just exacerbating the problem for the Fed and keeping inflation elevated.
O.K., this video with Steve Lines and Ron from Ron's Basement is about 6 months old, but still very relevant now. Steve gives a good overview of how the process works and what he and his team have to do to get Springpole permitted or to get Duparquet reopened and operational again.
This is a must watch interview. Steve is top notch and just to hear him talk gives me a lot of confidence this will all get done.
Mike Maloney speaks to where he sees silver going. Triple digit silver is coming according to him.
https://goldsilver.com/blog/silver-a-quadruple-from-here-is-logical/
I actually posted that he bought shares BEFORE he bought them. I was mistaken and thought the purchase he made in April was for this month. He bought this most recent block of shares a day or two after I posted. LOL
You may be right that the Company is making an effort now to be more self-promotional and open about moves they're making. I see that as positive because issues like the shares sold for the new Treasury shareholder merger clears up why it was done. That's a good thing.
Thanks. I recall you posted about this days ago. But FF doing two tweets in 2 days is an anomaly. Maybe getting a little bit more into social media self promotion. Hopefully that isn't signaling an impending cash raise/dilution event
Here's the public confirmation of Keith's most recent purchase. Bought on Monday the 6th of May.
https://www.insidertracking.com/node/7?menu_tickersearch=FF*CA+%7C%7C+First+Mining+Gold
$ff Thank you again to Chairman @keith_neumeyer who purchased 250,000 shares in the market on May 6 for a total of 2,250,000 in 2024 and 12,250,000 since December 2023. More great endorsement from management !$ff $ffmgf #gold
— First Mining Gold Corp. (@FirstMining) May 8, 2024
Updated commentary from Gareth Soloway on gold/silver technicals and what he sees for the market going forward.
I almost forgot to comment that INDIRECTLY Blackrock is investing money into FMG. We still own 20% of Pickle Crow, maybe at some point in time Blackrock will back Firefly in buying out our remaining portion of the mine.
That Dan better not give it away this time.
So, from what I can take from that comment it would seem that FMG sold their shares to facilitate adding new shareholders to Treasury. Those folks would most likely be the new Blackwolf merger people and maybe some for Frank G.
I personally hope they hold the rest of their shares for down the road when they're worth a lot more than they are now.
Joe, great catch! EOM
That's interesting. For Firefly I would think it might be a nice positive. Blackrock can invest their money and let them do the mining.
Implanting + Seablue. Maybe a hint in this tweet although I haven't spent the time to think it through yet
First Mining Gold Corp.
@FirstMining
We are delighted to have facilitated a trade of a block of shares to add new strategic long-term shareholders to Treasury Metals while continuing to remain in strong support of the on going merger!
@TreasuryMetals
@BlackwolfCuAu
$ff #gold
We are delighted to have facilitated a trade of a block of shares to add new strategic long-term shareholders to Treasury Metals while continuing to remain in strong support of the on going merger!
— First Mining Gold Corp. (@FirstMining) May 7, 2024
@TreasuryMetals @BlackwolfCuAu $ff #goldhttps://t.co/OQVTm25APH
These days ANYTHING is possible. I sure hope not. Luckily the site is quite far away from any major metro area, lowering the possibility of such nonsense.
Watch em change their name to SystemicRacismLGBT Mining Metals
Not that it matters, but looks like Blackrock tossed a few bucks into Auteco. Hopefully they don't start making woke demands of the company.
https://wcsecure.weblink.com.au/pdf/FFM/02794727.pdf
The optics on this are not good, but perhaps as Implanting mentioned there is a valid reason to sell right now. We'll have to make sure to toss in a question or two about it during the next webinar. Thanks for posting it.
I'm curious if this transaction had more to do with them getting their shares count down below the 10% threshold?
I don't really see how selling nearly a quarter of your Treasury shares at this price is a good move? If they only did it to raise some cash, IMO they're really hurting to raise money.
EARLY WARNING PRESS RELEASE IN RESPECT OF DISPOSITION OF COMMON SHARES OF TREASURY METALS INC.
VANCOUVER, BC, May 7, 2024 /CNW/ - First Mining Gold Corp. ("First Mining") announces today that on May 6, 2024, it disposed of 4,539,000 common shares of Treasury Metals Inc. (TSX: TML) ("Treasury") at a price of $0.22 per share for gross proceeds of approximately $1.0 million through the facilities of the Toronto Stock Exchange (the "Transaction").
Immediately prior to the Transaction, First Mining owned 20,000,311 common shares of Treasury, representing approximately 10.69% of the issued and outstanding common shares of Treasury (calculated on a non-diluted basis). Immediately following the Transaction, First Mining held beneficial ownership of, or control and direction over, an aggregate of 15,461,311 common shares of Treasury, representing approximately 8.26% of the issued and outstanding common shares of Treasury (calculated on a non-diluted basis). Accordingly, First Mining is no longer a "reporting insider" of Treasury, as such term is defined under applicable securities laws, as First Mining has fallen below the 10% reporting threshold.
In the future, First Mining may acquire additional securities of Treasury or dispose of such securities subject to a number of factors, including general market and economic conditions and other available investment and business opportunities.
https://finance.yahoo.com/news/early-warning-press-release-respect-110000042.html
I just listened to Neil Cavuto interview a Rep.Jody Harrington from Texas talking about the debt problem. This was a big point that he made, that being a lot of the money being spent is the result of government WASTE, FRAUD, and OVERSPENDING on everything. He gave a lot of examples of how the government is just throwing money away and not concerned with price or belt-tightening. We're the government, we can just print money out of thin air.
This is big government in spades. This why governments implode and collapse. Raising taxes is just going to worsen the problem. What needs to happen is the GOVERNMENT has to reduce their spending and clean up those 3 things that Harrington was talking about. The problem can be dealt with IF the politicians will make this worthless government work the way it should. I'm skeptical they'll do it.
I would add this point to the conversation about the debt. There's a lady I see quite often on Fox and CNBC. She was on prime time Brett Baier yesterday talking mainly to Social Security and Medicare being insolvent with consensus being it can only last about 10 more years.
She was making the very valid point that the politicians USED to talk about the debt and what was needed to do to fix the problem. Now they won't even address the issue of the debt problem. So, what's that tell us? It tells me that the people supposedly running this country know we're already in a debt death spiral. If we continue down the path we're on with spending, we're done and they know this already. Just like everything they do in government they'll wait until it's too late to fix the problems and cause another Great Depression or worse.
Nobody wants to face the music in D.C. about this problem, so we will just continue forward until the train wreck happens. All the more reasons to be in physical PM's and miners until you sell them too.
The politicians won't talk about it because they know the spending and fiat money creation CAN'T stop if they want to stay in office. Even Donald Trump and the Republicans know that because only a very few of them even want to speak to the root problem. That being out-of-control government spending that just exacerbates the problem going forward. This is a huge debt issue moving forward and IMO the time will come when everyone's eyes will be opened to the fact that the U.S. is insolvent and the debt they've accumulated can't and won't be paid back. That means a total loss in faith in the dollar.
Can the Banksters do something to change the picture and head off going over the cliff? I don't see how they can, because all they know to do is create dollars out of thin air. The people in this country have been catered to for so long now they don't have a clue about tightening their belt. So, how does the picture change until it just finally reaches a breaking point? The government supports most of the population now, so what happens when that support is no longer in place or diminished greatly?
The higher inflation that's created by this is felt by EVERYBODY, even those that aren't sharp enough to know the dynamics of how it works. I think Druckenmiller is correct in his analysis, because under Biden there will be low growth (GDP) with high inflation, which is the definition of stagflation and Trump's policies should produce better growth numbers, but still have a lot of inflation, as the money printing won't stop. A recession/depression will just have them printing money to oblivion. IMO that's what Druckenmiller is saying.
Sounds like he sees inflation whoever gets into office. Hopefully he's wrong, but odds are he's right. A huge part of this mess is the continued reckless spending which not many in politics are even talking about these days. Even people are not that sharp understand the issue when it is presented in its most basic terms.
I have heard John Rubino and Peter Schiff talking more about stagflation lately.
Interesting election-based comments on what happens with PM's after the election and how policies will move the metals.
https://www.tdsecurities.com/ca/en/election-dynamics-positive-for-gold?utm_source=linkedin&utm_medium=social&utm_campaign=election_gold_dynamics&utm_content=organic&linkId=418162843
Just more evidence that the stock market rally is getting long in the tooth and the end is near. Stan Druckenmiller is dumping his Nvidia stock and yesterday they were talking about Warren Buffett dumping a big chunk of his Apple holdings. Buffett made an attempt to explain why Berkshire was selling the stock, but in essence he said they would rather have it in cash, not Apple stock. My guess is the big Fish will continue to dump stock moving forward, as they see the writing on the wall.
Note the very last sentence in this article about what Druckenmiller is thinking. The comments about the election, both outcomes are positive for gold.
https://www.marketwatch.com/story/weve-had-a-hell-of-a-run-stanley-druckenmiller-cuts-nvidia-stake-b3dd5876?mod=home-page
I was reading a Mike Maloney article a week or so ago that was speaking to not only China hoarding gold, but a lot of silver too. Mike was saying that the Chinese government was instructing their people to buy SILVER now because it was more affordable to own than gold.
It makes good sense to me, and this should be the natural progression of what we should see going forward because as the gold price becomes more unaffordable for the average person, they still will want to get out of their ever decreasing in value fiat. Unlike the dummies here in the West, the people in China and most of these Eastern countries understand that owning physical gold and silver are necessary and important to their savings, so they buy it regularly. Almost no one owns physical gold or silver in the U.S., they think the dollar will save them. LOL
My guess on what China does financially with the U.S. will most likely revolve around their invasion of Taiwan. I would expect them to sell as many of their U.S. treasury holdings as is feasible for them to do BEFORE such an event might happen. I don't think Xi wants to be in the same situation that Putin and Russia are in currently and I would expect China to prepare for that prior to any Taiwan invasion. China doesn't want to have the U.S. still in control financially if they want to breakaway and do their own thing. That's paramount for them
I hear a lot of pundits speaking to a 2027 timeline on when the SHTF moment may come in a "war" event happening. I'm confident the PM's will continue their march higher as we move forward.
Interesting article. It just goes to show that it is never too late to start buying. I noticed in the last year in western markets there are more fractional gold and silver coins available - perfect for those on a budget.
One thing I heard recently - and I can't remember if it was from a video Implanting posted or some other source - that while China restricts the exit of gold from the country they do not prohibit silver from exiting. Can you imagine if they stopped allowing silver out? They really could game the market by sucking up all available silver and then prohibiting silver exports. It would be palladium from a few years ago all over again.
I am really curious to see how long they play along with the US. I guess until they sell enough Treasuries? Since they are playing into potential strength I suspect they'll hold out as long as possible. What do you think?
The Chinese people are loading up on gold and silver now. I read an article saying the Chinese gov. is telling the people to buy silver now and not as much gold.
The East is controlling the gold price now. That's no good for the West's hopes going forward. This article talks about what's happening.
https://www.businesstimes.com.sg/wealth/wealth-investing/spotlight-1/china-buying-gold-theres-no-tomorrow
I also found what he said about Trump NOT getting rid of Powell rather controversial, even after Trump told Maria Bartiromo he wouldn't keep Powell as the Fed Chair. We'll have to wait and see what happens. My guess would be that Macleod thinks all Hell may be breaking loose by the first of next year and Trump wouldn't be ABLE to replace him if the SHTF moment is upon him.
I see Macleod as more of a gold historian and Peter Schiff as more of a gold economist type. I would agree that they both have a broad knowledge of REAL MONEY and the scams being played out by the Elites. They're both spot on in the commentary they give.
Great discussion. When I listen to him it reminds me of Peter Schiff because Macleod's knowledge is so deep. I always find his knowledge of China top notch. I wonder if he ever worked in Hong Kong? I wonder if he is right saying Trump might not fire Powell upon getting into office as it might cause some currency turmoil?
Talk about an ALL STAR list of guests in this video, this one has several. Great commentary from them all.
As usual, fantastic commentary from Alasdair Macleod. This Man knows more about gold and what's going on currently with gold than anybody I can think of.
This is the same Dummy that said the inflation would be transitory. They don't have a clue.
Note what UBS is saying to buy if stagflation becomes a problem.
https://www.marketwatch.com/story/powell-says-he-doesnt-see-stag-or-flation-ubs-has-a-playbook-if-hes-wrong-9d06450d?mod=search_headline
My mistake, that was last month. April. LOL
I see Keith made another boring 250K FF share purchase day before yesterday. Ho Hum.....
https://www.insidertracking.com/node/7?menu_tickersearch=FF*CA+%7C%7C+First+Mining+Gold
Yes, that was my point from my prior post. This deal was done (by Frank G.) to give BW shareholders that big stock price boost that will happen as a result of the Goliath mine construction to the first pour.
The upside potential for Treasury shares will go up exponentially during that time and now BW shareholders and Frank G. can enjoy that ride. This will be the same dynamic that FMG shareholders will have when our mine construction decision finally arrives. That's the reason I think Frank G. may at some point in the future be buying into us. This isn't rocket science; it's simply looking at the developers that are closer than others to building new mines. Treasury should be in that sweet spot along with a gold bull market wave to boot.
Another thing that confirms that theory is that when most mining deals happen it's because of land package consolidation Much like what was done with the way we sold Goldlund to Treasury. A move that COMBINES adjoining properties. That was far from the case in this deal. Nothing BW has is really even close in proximity to our land packages, unless maybe Hopebrook. That seemed a bit strange when I first saw what BW held, but as I said this deal was IMO done mainly to consolidate BW shares under the Treasury brand to ride this future wave higher. Frank G. and Keith both knew this and that's why this deal is happening.
Lekstrom had a good command of a few key topics, though you would hope for that from any CEO. In addition, even with timelines in mind things always pop us that push them further out. That being said, this transaction gives me more confidence in Treasury. No doubt they will discover more gold on the trendline that Goldlund and Miller are on. What was that saying Jeff Clark had? Something like 90% of companies move 90% between construction decision and first pour or something to that effect.
This interview turned out much in the way I had expected it to. This deal was put together by Frank G. and his people to aid BW move their cause forward. Keith or Dan were never mentioned, but they had their say in what went on here too, especially Keith.
He talked about all the DD that he and Jeremy Wyeth did in getting this deal done, but at the end of the day the final approval was given by Keith and confirmed by Frank G., these other folks were just there to hash out the details. The main thing that happens in this deal for BW are, they get to enjoy the ride that comes in the upside move on the Lassonde Curve, when the mine construction comes. Shareholders of BW stock will not have to sit and wait for their shares to appreciate at a much, much, later date. Frank G. and BW shareholders get to ride the bull market higher too. If I were a BW shareholder, I would be happy as hell with this deal. Frank G. knows that was his goal to do here.
The biggest upside that Treasury is getting will be what Frank G. brings for financing the Goliath mine construction and I'm sure it will be a lot, so as he said in the interview there will be much more coming out in the near future. I thought I heard him say that the plans for mine construction could come as soon as the next 12 months. Any big weakness in the Treasury shares before then would be a great buying opportunity.
I could be wrong, but I still believe Frank G. owes us more than what we got from this deal. Sure, all the Treasury shares we're holding will go up in value sooner than later, but if Keith is who I think he is, my guess is we may not have heard the last from Frank G.
My suspicion is that Keith may be holding his feet to the fire on coming in as an investor in FMG. Time will tell on that prediction. We did Frank a favor, maybe he can return the favor to us? LOL
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