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I think the event they cause has just happened.
I haven't posted here in awhile but wanted to add my 2 cents. I don't think everything is tanking due to a virus. I think the virus or the narrative of a virus was created to run cover for the collapse we have all known is coming and is now here. Remember how are handlers operate, problem reaction solution. Not sure what the solution is yet, maybe a shift to a new monetary system. This is why an event that would allow them to shut down the whole economy was required. We will find out soon enough. The monetary shift was always going to happen gradually over a decade or so and then all at once when their ducks are all in a row. I'm not convinced that's what it is but i think it is very likely.
I sort of agree with you, i've been sitting in this stock for getting close to a year. I bought in a .22 i think so i'm not in to terrible of shape but still, it is performing like a real piece of shit. I hope it surprises us and gets some legs.
I agree, it is impossible to predict a manipulated market. Technical analysis is worthless. It is a never ending wash, rinse, repeat cycle we are in.
Thank you, i was about to speak what i believe to be true until i seen you already had said about what i was going too. There is no market, there is no price discovery mechanism. Physical gold and silver which have a finite supply are priced via there derivative counterparts which have infinite supply. It's the upside down, it's everywhere you look. The upside is we get to buy very valuable metals at an extreme discount.
damn, gold and silver got the piss beat out of them today. i agree with the current topics being discussed on this board. the comex will fail making physical almost priceless, at least in fiat terms. sooner than later i hope but i'm 38 so i can wait.
Very good points. I've been on the gold and silver train like you for a long time. It was hard at first but it has taught me to be patient. I still
have and live by the "be right and set tight" mind set.
Yea, its a good deal. I hope the metals can have a good week. I'm a farmer so i hope all commodities have a good week, lol.
Another country that i believe to have large amounts of gold is Iran. Iran would have much of the gold that was accumulated by the Persian Empire, which would be an enormous amount i'm sure. Russia has also been stacking pretty hard and fast. I think these eastern block countries will work together in establishing a new reserve currency.
yes it would, very bullish. I have a feeling that China has at least 20k tons of gold. I have heard and read several time's that panda bonds are already redeemable for gold thru the Shanghai Gold Exchange.
I bet gold and silver get smacked down when markets open tonight, i hope not but i bet they do. If they don't that is a good sign for this week.
China exports no gold yet is the number one producer. A lot of that goes into there reserves and they don't have to report gold they mine and keep. So China has more gold than they say but to say how much more is mere speculation.
You make a lot of good points on this board but unemployment stats are based on a bogus birth/death model. Also after an individual hasn't worked for either 3 months or 6 months, i would have to check to be sure which, or comes off benefits they are no longer considered part of the labor force so they are no longer counted. When they say labor force participation is at an all time low this translated means that real unemployment is at an all time high. Shadowstats.com is a great resource for getting more accurate info, imo anyway.
Those are very good points you make. Gold and silver closed strong friday and i feel that is a good sign. AU above 1500 and AG above 18 is what i was hoping for this week and we got it.
I agree, I wouldn't be the least bit surprised to see a false flag on some U.S. asset to blame Iran. I think the biggest black swan which isn't really a black swan is the global dedollarazation that has been rapidly accelerating as of late and a complete run on the bond market. The fed can only buy so much. Interest rate derivative swaps have been the mechanism used to soak up all the debt we must issue but almost no one buys and i see that all breaking down very soon. I actually think it is in the process of breaking down now. The dollar's role as reserve currency is in overtime to use a sport's analogy.
Exactly, how many times will this sort of garbage work i wonder. Those of us who pay attention and are positioned correctly can't get a win due to the constant never ending stream of lies and manipulation. The action in the metals markets are unlike anything i have seen tho, they look extremely strong to me.
I'm happy to see First Mining sign a options agreement with Momentum for it's Turquoise Canyon property. That is in line with the original mission statement and i believe first mining is being smart and building real wealth as oppose to perceived wealth through fancy marketing and advertising like they did at first.
The action yesterday was garbage. I hope we don't go back into the teens but i'm afraid we will. There is always selling pressure and volume is shit.
It's definitely the safer route. These juniors are where the potential for enormous gains lay tho. First mining may turn out to be a 50 bagger in the long run. They have no debt and there springpole project seems to be making its way thru the permitting process. Maybe they are being smart and just putting in the necessary work. I don't know. They need some type of cash flow and soon imo.
I feel ya, i've followed ffmgf since the beginning and had i hopes for it. I bought in this time at .23 so i haven't lost a lot but am pissed cause i almost put the same money in silver one which has more than doubled, almost tripled. I'm pretty close to bailing. Gold held on well despite being under pressure today and silver was up nicely yet first mining is down as usual.
i haven't been encouraged by ffmgf's price action lately tho. When gold goes up it is flat, when gold goes down it sells of. I hope this changes.
I think it will have a enormous effect, will just take a little time. Not decades but maybe a year or 2. Ever since basel 3 was agreed on central banks started buying gold so it has been affecting the supply side for many years, too bad the price is deducted from the paper derivative of gold and not gold its self. This will change also as the current monetary system continues to break down.
I just checked the price myself and was pleasantly surprised. Silver up .34, not bad for silver. Things are indeed getting interesting and the price action this time gives me a different gut feeling than some of the previous head fakes.
Yes it does. The dollar is on it's way out, central banks are buying gold because it now serves as a reserve asset, basel III made that official. A reserve asset is something that central banks hold to finance trade imbalances. They are buying gold because it serves this purpose therefore it is a reserve asset. The whole globe is moving away from the dollar, by the time it makes headlines it will be done and over with.
They did call it money effectively tho when they gave it reserve status. I don't think they care cause they know most don't pay attention.
Starting to see signs of life in the metals, ffmgf and the mining sector as a whole. This move in the metals has a different feel to it imo. With Basel III and the shift in global monetary policy among other things I feel things are looking up for us speculators and stackers alike.
What your opinion of Jim Willie, The Golden Jackass. I've been following him among many for awhile and i like his commentary better than most. Maybe it's because i agree with his view of the world and feel his is probably most accurate.
I posted earlier about who would sell at this price but i wasn't aware of the etf selling off there holdings.
I'm glad i only bought $1,000 of this stock cause i am losing faith.
A good day for gold and a terrible day for first mining. My god, who is a seller at .17 cents. I'm sure this move in gold will just get smacked back down again. I may be wrong and hope i am.
I agree completely. The company can do very little to affect share price. The sector as a whole will move together like always.
What a piss poor performance for a good day in the metals. I realize it will take a pretty big bull run to change sentiment and then miners will explode but i still would like to see a bigger pop than this in price.
I disagree, i think central banks all over the planet are using there tbonds as collateral to buy gold so they still technically show the U.S. bonds on there balance sheets so the system isn't disrupted. I think everyone is running for the door at once when it comes to the dollar and it won't be hidden or concealed for much longer. It will all be revealed in a matter of months at this point imo.
Check out Jim Willie's most recent interview on the x22 spotlight. He believes that what is going on isn't merely a trade war but a negotiation between the west and east to retire the dollar as reserve currency and transition to a new system. Most of the world wants it but the United States is know where near ready for this so they are basically dragging there feet and trying to put it off for as long as possible. The east has all the chips tho and can force it at any time. They are giving us a chance to go along willingly. I'm not saying this is all true but i believe there is some truth to it. The interview is good tho and he lays it all out well. One more thing, what worries me the most is that the west will play there one and only card, WAR.
No, i think it is quite the opposite. I think the price is held down while central banks load up.
yea, i think the last i read they expect it to be around September. Hashrate's are at all time highs or they where recently anyway.
Yea, it's doing well. I think we will see it continue to gain momentum throughout the summer. I hope so anyway.
I wanted to thank you for your post, i have a coinbase account and i just got my $10 worth of stellar lumen. I knew nothing about it but it sounds fairly reasonable and like it could be something. Time will tell. It prompted me to buy another $100 worth, maybe more in the future. Right now i also hold ltc and ether classic.
I wanted to comment on my last message, i don't mean to sound like a dick head know it all. I could be wrong and am just not aware of the potential benefits of buybacks. I am not in this company for a quick buck. I want to see real, long lasting value added. I never have thought buybacks was the path to that.
My god, you and I have done the exact same thing. Ffmgf is my only miner and i hold crypto's in cold storage. I am also a stacker for 12 years now. Lets hope great minds think alike.