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So, it appears now that the U.S. and the Brits are retaliating against the Iranian-backed groups that are firing missles at ships in the Red Sea.
The War cycle is picking up and I also see both gold and silver are up sharply this morning on these events.
Are these attacks being planned? That would appear to be the case.
Charles Nenner was predicting more wars happening. Did anyone see this today.
Question is will anyone do anything about it? Probably not. They'll have to wake up Dementia Joe to see what he wants to do.
https://www.zerohedge.com/commodities/oil-tanker-hijacked-gulf-oman
Gold will spike higher if a hot war starts up with Iran. Bet on it.
My guess is Iran thinks nothing will happen. They're probably right.
Saw this article and thought how could Janet Yellen and the U.S. Fed claim we'll have a soft landing and an Elite-run institution like the WORLD BANK call for a major lack of growth coming? Someone isn't on the same page AGAIN, it would seem.
Who's right? Who's full of shit? My guess would be Janet Yellen is. LOL
https://www.cnbc.com/2024/01/09/global-economy-set-for-its-worst-half-decade-of-growth-in-30-years-world-bank.html
Keith has added another 250K shares just yesterday.
https://www.insidertracking.com/node/7?menu_tickersearch=FF*CA+%7C%7C+First+Mining+Gold
I always thought most of the People in Texas were pretty smart. This proves at least part of them are.
https://www.zerohedge.com/markets/texas-gop-moves-support-gold
When the Street figures out that they can make a lot of money in the gold miners, that's exactly what will happen. We still need to see a breakout higher in the gold price for them to come to that conclusion. The rising tide will lift ALL mining boats when that happens.
I don't think Nancy is smart enough to figure that out.
IMO seeing Keith come in and buying in such large blocks of shares is for me very COMFORTING. I would expect it to be the same for other FMG shareholders too that are aware of it. I believe that's in most part why he does it.
Does that mean FMG shares are at a bottom here? I wouldn't think that would be the case, if we see a major downturn in the overall stock market. I'm expecting to see that downturn before we see the move higher in mining shares. That's just my take on it.
Regarding Mr.Nenner, I like listening to his predictions just to get a barometer on his bullish/bearish mood. The interview I posted had him about as negative on his overall "war" cycle as I've ever heard him. Negative geopolitical events are always bullish for the gold price.
I, too, will keep my fiat money powder dry until we lower prices in both physical metals or stocks I may want to add. I will be adding more FMG at some point.
CHECK THIS OUT!
Keith has purchased 1 million shares of FF himself in the public market in the last month. 500K just yesterday. The Man is putting his money where his mouth is. Very encouraging to see this IMO.
https://www.insidertracking.com/node/7?menu_tickersearch=FF*CA+%7C%7C+First+Mining+Gold
Latest from Charles Nenner. He's not giving very upbeat predictions going forward. A lot of what he says is pretty obvious, like we're going to see a LOT of terrorist activity in this country moving forward because of the open borders. He sees China moving into Taiwan soon, along with Iran having
a nuclear bomb very soon.
https://www.zerohedge.com/geopolitical/trump-will-be-winter-coat-charles-nenner-warns-cycle-turning-down-very-fast
Drill result news out of Duparquet, pretty decent IMO, and looks like the COO of the Company has left. Looks like they're promoting existing employees from within.
https://firstmininggold.com/news/first-mining-confirms-new-area-of-mineralization-at-central-duparquet-and-announces-management-changes
I ran across this George Gammon video with him talking about how our wonderful government is cooking all the employment numbers. They are showing them as being higher than what they actually are and revising them lower, NOT JUST ONCE, BUT TWICE. You can't make this shit up.
O.K., here's the discussion I wanted to hear about with this week's inclusion of Saudi Arabia and other various countries into BRICS.
This is a great interview from Kitco with Andy Schectman. There's no one out there that can articulate the situation this country is facing with what's in motion right now. In a word, DEDOLLARIZATION with the dollar being dumped as reserve currency. It's coming.
The wheels are turning faster now and it won't happen overnight, but listen to how Andy explains how all this may happen. You don't hear shit about this happening on MSM, only places like Kitco will talk about it. The implications for much higher PM prices are huge, as the Lemmings finally wake up. Also, why the Central Banksters are hoarding gold now.
Not good for Xi and looks like China's real estate market is on very shaky ground. China's Blackstone bank. ouch. Could this be the beginning of something bigger?
https://www.zerohedge.com/markets/chinas-shadow-banking-giant-file-bankruptcy
Seeker, I'll also add something that since day one of my buying shares in this Company that hasn't wavered one inch and regardless of how bad the share price performance has been in recent years I still have a lot of faith in Keith and the way he's run this Company. The Man's track record has been outstanding with his past endeavors and I don't think there's anyone in this industry that has the stellar reputation Keith has.
He's put together two separate billion-dollar companies, and I don't see why FMG couldn't at some point be his third.
Hi Seeker, belated HNY to You too! It's been a litttle while, so I hope all is well with You and Yours.
I'm somewhat surprised that the share price is down to these levels, but unfortunately that's the nature of the " mining company" beast. This sector most of the time is priced at literally pennies on the dollar and that's where I think the miner's are currently, NOT JUST FMG. The sector is probably as cheap as it's ever been.
That, of course, is no solace to we long-suffering shareholders. The wait has been long, but building gold mines take time and gold bull markets don't come around a lot either. Having said all that I do feel the Company is positioned to see a rise in the gold price come near the time milestones are met at Springpole and Duparquet. I think that should be good for the share price if that plays out.
Fair value for any of these mining companies is hard to say, but I personally feet FMG shares should be priced probably over $1 US with just the gold we have in the ground and the deals we've done with our other partners and properties. The Company essentially doubled its gold resources when we got Duparquet and the shares have fallen since then. That's the problem the miners face when the sector is out of favor, good news isn't recognized and as long as the general stock market is not tanking, the miners don't get looked at.
When the sector flips the story can be just the opposite for the miners and we could see some 10-15-20 baggers. I'm confident FMG will do very well when that time comes.
Jim Rickards 2024 predictions.
https://www.zerohedge.com/geopolitical/2024-heres-what-happens-according-jim-rickards
I just watched Peter Schiff's last podcast of 2023. He makes some very astute predictions about 2024 and what he sees coming.
I recommend watching the whole video, but if you can't go to about the 30 minute mark into the video and listen to what Peter is saying. He talks about the Shit Hitting The Fan moment coming in March, when the banks are supposed to be paying back the Fed with money they DON'T have.
Peter thinks this will be the next big problem for the banking system and that the only way the Fed can prevent an outright banking collapse will be to implement. another QE program to again bail-out the banks. We hear every day that market expectations will be for the Fed to pivot in March and Peter is making the case as to WHY this will happen. If this happens again, when the fall-out fades, then that's when the PM's. will really fly.
https://www.zerohedge.com/markets/peter-schiff-2024-could-be-horrible-dollar
China is and will be experiencing harder times because of the overall slowdown in manufacturing they're feeling now and going forward. As world economies slow, the Chinese manufacturing sector will also slow. Add to that the companies that are repatriating to other "safer" place to do business. Apple is a perfect example, they've quietly moved much of the manufacturing operations from China to India. The threat of war or conflict tends to prompt businesses to cover their ass as best they can. We know that's been going on behind the scenes in China, as a result. That hurts their economy.
This action keeps Xi up at night because what he fears most is upheaval from within China. IMO this is also the best reason for him to invade Taiwan. He'll want to distract the Chinese population from their bad economy to his "reunification" of China with Taiwan. If he does invade Taiwan, it will of course have huge implications for business as usual with China and the rest of the world. That would no doubt exacerbate the problems China would have with the U.S. and the rest of the Western world.
Was listening to someone the other day saying that Europe is in a very bad place going forward. Most of the countries there are broke and really have no way out. Immigration has hurt them, as you said and they have created no good energy solutions for themselves moving forward. We're stupidly following the same path they have gone down. That could be our downfall.
No, when they were offered entry into the BRICS group back in August they didn't accept immediately and said they wanted to think about it. So, without knowing what was going on behind the scenes with the U.S. the Saudis' have made the decision to join BRICS.
IMO this is a big hit for the U.S. and the dollar. This move should invalidate the Petrodollar agreement the U.S. and S.A. made years ago stating we would protect them IF we bought their oil. That agreement would appear to no longer be in effect. China is going to be their biggest, best customer going
forward, so why not align with them, instead of a country that wants and is attempting to go green. It's just good business for them to do what they're doing and IMO this is why they made this move.
I've not heard one peep about this news on MSM.
So, after deliberating over whether to join BRICS or not, Saudi Arabia has decided to come onboard. They just made the announcement. I suppose that in many respects this action says the Petro dollar arrangement we had with the Saudi's is over. Another nail in the dollar's coffin it would appear.
https://www.nasdaq.com/articles/saudi-arabia-officially-joins-brics-bloc-state-tv
Good article from ZH written by Dan LaCalle. LaCalle gives a nice overview of what's coming in 2024 and how he sees the Banksters attempting to handle inflation. His take is a little different on how stubborn inflation may stay. In the second video from him in the article he talks about all the Socialism infecting Latin America with the poor getting poorer and the rich Elites getting more rich. Is there any wonder they're all trying to come to this country? Not really.
That sounds a lot like what's going on in this country now. Bigger government, less money and wealth for the lower and middle class. We moving right where the Elites want us to be.....poor and dependent on the government for help to survive. Little personal freedom. LaCalle likes gold in this environment.
https://www.zerohedge.com/markets/end-money-we-know-it-what-expect-2024
Another fantastic video from Mike Maloney, sort of an end of year overview from him and his side kick.
They talk about gold getting ready to breakout along with various States in the U.S. bringing gold and silver back online as REAL MONEY.
Good discussion on why Costco and Walmart are selling out of gold now. I didn't know Walmart sold gold, but that tells us the mainstream consumer.
is figuring out that they need to be holding some gold.
https://www.walmart.com/search?q=gold
Mike seems a bit ticked off the big boys are selling so much gold now, so he has a little sales pitch of his own about what he can offer. LOL
Another fantastic video from Mike Maloney, sort of an end of year overview from him and his side kick.
https://goldsilver.com/blog/the-real-reason-costco-walmart-are-selling-gold-silver/
They talk about gold getting ready to breakout along with various States in the U.S. bringing gold and silver back online as REAL MONEY.
Good discussion on why Costco and Walmart are selling out of gold now. I didn't know Walmart sold gold, but that tells us the mainstream consumer is figuring out that they need to be holding some gold.
https://www.walmart.com/search?q=gold
Mike seems a bit ticked off the big boys are selling so much gold now, so he has a little sales pitch of his own about what he can offer. LOL
Wage earners at the low end of the curve or people on fixed incomes are still getting killed by inflation. That's not what the Banksters or politicians want you to know. Inflation is still with us and the stats show it. Imagine what's going to happen on the Fed's next printing spree. People will be forced to scream for the government to help them just to survive. They won't be able to make a living wage because the fiat won't buy anything.
https://www.zerohedge.com/personal-finance/living-wage-gap-maine-maui
I think you're right in your thinking. The System is set up, AS LONG AS IT IS SOLVENT, to appear to work for the Lemmings buying and selling stocks. The DTC is a Fed run company and they hold the stock, not us, so they have say in what happens to the shares we bought, ultimately. Most depositors have no clue about this being the case.
Seablue, I would compare it in some respect to the fact that most folks think the U.S. government won't or can't go broke. I would beg to differ, I believe we're heading to some sort of default scenario now if we don't get our government spending under control. How will the Federal government bail out the banks if they're broke themselves? It ain't gonna happen, hence the bail-ins. The Powers-That-Be have already made that current law with Dodd-Frank. Dodd-Frank was implemented to prevent the tax-payer/government from bailing out any future insolvent banks, so WHO would now be bailing out the banks? In a bail-in, the depositors in the banks! What's the difference?
The next round of stimulus/QE/money printing is going to be GIAGANTIC. IMO that's going to be the final push higher for the dollar into some sort of inflationary bust. Everyone was bitching about the 9% inflation the Banksters were saying was present, that will be tame in comparison to what's coming IMO. Weimar Germany revisited. I would expect the CBDC to show up around that time.
This won't end well, I just hope we have enough time to get out of the paper assets we own before the blow-up arrives. We do at least have the advantage of knowing it's coming.
Wow, that was an excellent post. I especially liked the link to the bail-in article, that I will be saving for further reference.
I like your explanation of how the DTC holds stock shares. I think, in layman's terms when you place an order to buy shares of a company through your stock broker they buy the shares only FOR you, so the Broker technically has claim to your shares. The fact that your money bought the shares doesn't matter, they own them. If the bank or brokerage company go under ALL the shares go into a big pot to be used to bail out the entity. Dodd -Frank changed many of the rules that issued in the U.S. bail in era. Of course, very few besides the Banksters and Elites are aware of it. They wrote the law. LOL
I agree with your prepping thoughts. Put your resources where they help YOU as an individual, the most. Concentrate your resources into REAL assets to keep You and your loved Ones safe. Whatever that may be. Unfortunately, most people have the idea that the Government will take care of them if times get really tough. I'm NOT one of those people. The government only cares about saving itself in the end.
I'm thinking that I'll add more physical silver if we see a correction in the near-term price. Depending on how cheap my FMG shares get will determine how many more shares of that I add. I hope and pray that at some point in time before our shares get stolen from us we see an opportunity to sell and get out of all fiat and paper/stock assets. We'll have to be nimble and not be too greedy. I hope we're afforded the opportunity to see one more bull market move in the miners before a total collapse in the System arrives. Time will tell on that happening.
Your CBDC thought is relevant that could be the only way they can attempt to save any shred of credibility before everyone figures out their fiat is worthless in whatever form it's in.
For what it's worth, I spoke to Paul in IR about using Computershare to move my FMG shares out of my brokers and moving it to them. He advised against doing it. Paul, used to be a broker in another life and from what he said it takes too long to move your shares around or have access them to sell them if you need to do so. That's about the extent of my looking into it.
Without coming out and saying he thinks China will invade Taiwan before Dementia Joe leaves office, Kyle Bass damn sure dances around it nicely.
Is a Chinese invasion of Taiwan the Black Swan Event for 2024? Maybe. Where would that send the gold price?
We know Xi doesn't want to see The Donald back in the Oval Office. LOL
The follow-up video from Mike Maloney about the approaching velocity of money or lack thereof, raises problems that will be facing the Banksters. They give some interesting comparisons to past crises' concerning a rapidly declining velocity of money.
This thread is connected to what Prof. Steve Hanke has been talking about with the big decline in M2, money suppy. It could very well put us into a depression, before they pivot and begin printing in huge numbers again. Scary indeed.
https://goldsilver.com/blog/what-is-velocity-of-money-why-is-it-vital-to-what-is-coming/
THIS IS A MUST WATCH VIDEO. We've discussed this topic here before, but this may be the best lay-out of how the Powers-That-Be plan on taking people's paper wealth. Mike Maloney and the other Fellow in this video do a fantastic job of explaining what may not be far from happening. We don't own what we have in the bank or our ON PAPER wealth. The Banks hold it all. We all hold fiat money in the banks and stocks/bonds in brokerage accounts. Problem is they're not really ours. Legally they're held by the Banksters and can be taken from us when they need/want them. We have no control over them.
This is what keeps me up at night, if it comes down to when the House of Cards finally falls, we're all going to be screwed by the "Protected Class", as they say in the video. The Public is only allowed the "appearance" of being protected. The debt is unsustainable and the fiat scam is nearly over.
Good gold forecast article. Check out the chart of gold at $1000 and the VERY close resemblance of where we are now with gold around $2000. The place in the chart back then is almost exactly the same to where we are now before we had the big move higher. Back then the move was parabolic from $1K all the way to $1900, almost a price double. The same move from $2K would take us through $3K and higher.
https://www.cityindex.com/en-uk/news-and-analysis/gold-price-forecast-xauusd-xau-sets-stage-for-24-at-multi-year-resistance-12-21-23/
Yeah, GG always has great answers to where we seem to be heading. He provides great proof of the case he makes and just says this is the way it's happened in the past, so will this time be any different? I don't see why it would be.
History often doesn't repeat EXACTLY, but can rhyme. The Banksters are repeating the SOS they always do, so why should we expect another outcome. When the markets begin tanking and the economy heads into recession, they'll have to pivot hard and the PM's will react as they always do in that environment. They'll move into a new bull market. That will happen in 2024, I'm confident.
The stock market appears IMO to be in a blow off top move that will suck up all the Stragglers until the rug gets pulled out from under them. How long it can last is anyone's guess, but many pundits have said March may be the end of the road. We'll see, I guess.
Here's another Felix Zulauf interview from his recent interview tour. I wanted to post this one because she specifically asks him about gold and where he sees it going. Zulauf says he's not a gold bug, but he has some pretty positive takes on gold moving forward. He's calling for gold to move higher in August of 2024 when he predicts the Banksters to begin reliquefying the System. That means to me when the Banksters throw in the towel and begin dropping interest rates and cease with any QT.
I also found it pretty telling that he says China is already holding MORE gold now than the U.S. and may look to back the Yuan with gold in a few years.
Go to about 25:35 in the interview if you want to just hear him talk about gold. The whole interview is very good.
Yet, another great George Gammon video. George talks about the verbal "pivot" the Banksters have recently taken. They see the economic downturn coming and are softening their "hawkish" talk now because of it.
Of course, the markets see lower rates as a good thing going forward, when in reality it's very negative for the stock market. Recessions always are. PM's will do well in this environment.
I briefly read this last night without really knowing what it was or why it would be filed by the Company. After I looked at it a little closer this morning I did a search and found the following.
Read the KEY TAKEAWAYS portion of the Investopedia definition.
https://www.investopedia.com/terms/p/preliminaryprospectus.asp#:~:text=The%20information%20in%20a%20preliminary%20prospectus,financial%20statements%2C%20and%20details%20regarding%20management.&text=The%20information%20in%20a,and%20details%20regarding%20management.&text=in%20a%20preliminary%20prospectus,financial%20statements%2C%20and%20details
I'm not sure if this definition is exactly what FMG has filed, but iI would guess it's similar. Are they doing some due diligence with another Player or potential partner? Is this action a precursor to some sort of deal being done? I'm not sure.
Are they positioning themselves to be able to raise more money down the road? It appears that may be part of what the prospectus does. I'll be interested to see how our stock price reacts to this news.
This is a vintage Prof. Steve Hanke interview. This Man knows his stuff. It's beyond me why I never see him on MSM biz TV.
Probably because what he says MAKES TOO MUCH GOOD SENSE. Hanke states the money supply has been cut enough now to take down the economy going forward. Hanke states that every time they've cut the money supply to the degree they have now we'll have a recession. Every time, no exceptions. The metaphor Hanke uses is that the Fed is sleepwalking straight into a tornado. What else is new.
What he's saying is the perfect set-up for the PM move we've been waiting on for years now. IMO we going to have a SHTF moment maybe by Q1, it could come in Q2. When that happens the markets tank and the Banksters HAVE to pivot hard. Hanke is predicting that to happen. I believe at the beginning of that drop PM's could fall too, but will recover when the Street realizes all the money printing that's going to be coming back into play. The regular stock market will be hurting, so as PM prices recover and climb everyone will come to the realization that the miners are going to be cash cows with those higher prices. Hence, the mining bull market FINALLY arrives.
Everything Hanke is saying makes good sense. The Fed's not even looking at what will bring the economy down, so they'll have to reverse course quickly and drop rates fast in order to keep from a severe recession/depression. This will be fun to watch.
The first 30 minutes or so of this interview talks about the U.S. economy, then they start talking about Argentina. Definitely watch the first part.
To your point, for the last 5 years I haven't watched CNBC, at all, that used to be my main source of TV biz news. Since, I switched to Fox Biz channel. Maybe 4 months ago I decided to go back and tune into CNBC some, All the SAME Talking Heads are still there! Almost no changes.
When you mentioned that in your post, I thought the same thing when I started to periodically watch it again. Yes, they are older and uglier to look at, but most of what's coming out of their mouth is the SOS. Just like regular news, it's difficult to find unbiased financial news too.
P.S.: Yes, age is not usually conducive to better looks. The older I get the uglier I get. LOL, not that I could win a beauty contest when I was younger, getting older is not good in many ways. I'm fortunate that I still have pretty good health, that's most important.
I agree with You, Suze Orman is nothing special. I posted that mostly for the fact that She is finally coming to the realization that nobody saves anymore.That is another huge problem that faces this country. People are overextended with debt and are literally living paycheck to paycheck. Good to see Suze's just now figuring that out.
Fiat money. I believe has been a big reason why this is happening. All fiat has and will continue to lose value as they print more of it. I found it really funny that Orman was prodding the masses to save at least a thousand bucks or two if they can for an emergency. A thousand dollars in this inflationary economy really doesn't go that far. A thousand-dollar emergency is going to have to be a pretty small emergency.
IMO Suze probably read some Peter Schiff commentary and plagiarized him on the crap about the government not being able to bail out everybody next time. How long has Peter been say that? For literally years. Finally, it's been so long since Suze's been relevant I was just surprised she was even still around.
Yeah, consumption of silver is ONLY going higher in terms of applications it has. The only drawback in the short run could be if the global economy falls into recession/depression in the near future. That would most likely slow the industrial consumption of silver, but at that time we could see a spike higher in it's monetary accumulation to pick up that slack.
Keith's minting operation would be working 24/7.
I put in a call to Paul in IR yesterday not knowing he was on vacation. He still returned my call today. I was impressed and told him so.
Anyway, we had a pretty short conversation (because I felt guilty he had even returned my call) , but he shared a few things with me I'll share here. He had a lot of good things to say about how this last offering went. He told me the demand for the offering was so strong they had to raise the offering numbers to accommodate the demand. I see that as a very good sign.
He also mentioned that many of the most recent Shows they've gone to have really been bullish, especially the ones in Europe. We know this last offering was supported in a VERY big way by Management. Keith bought a boatload of shares. Paul told me Keith spoke with him and told him that over and above the shares he bought in the offering, he also bought an additional 250K after the offering closed. IMO that's a pretty damn strong move.
Check out the recent buying spree from Company insiders. Scroll down from the top of the page.
https://www.insidertracking.com/node/7?menu_tickersearch=FF*CA+%7C%7C+First+Mining+Gold
Paul made a nice purchase himself.
I laughed when I saw and read this article. Hell, even Suze Orman is ringing the alarm bell now on the government NOT being able to bail out people going forward.
She suggests having a couple of grand of FIAT savings that's continually losing purchasing power. How far is that going to carry you? Not too far I'm afraid. LOL
She should be advising people to buy physical gold and silver to retain some wealth and purchasing power. When the paper money becomes worthless at least you can exist with some REAL money, but only if you have some.
https://www.msn.com/en-us/money/personalfinance/the-government-s-not-going-to-save-them-suze-orman-is-warning-of-a-looming-financial-pandemic-says-americans-have-no-one-to-rely-on-here-s-what-she-means-and-how-to-prepare/ar-AA1lGvz8?ocid=msedgntp&cvid=04e959d88b1a428b9bc07d2e9d5b8cb2&ei=40