First Mining Gold Corp (FFMGF)

[Implanting]

How's it going Seeker. Yes, I heard this news already. In fact I posted a video a couple weeks back of Schectman telling some of the other silver Guys about the PM purchase from the Texas Lady Billionaire and how hard it was for him to locate all the silver eagles she was looking to buy. I believe he mentioned also about all the short covering going on in that same clip.

Who knows why this Lady purchased all this metal, maybe an advisor told her it would be a wise move? I seem to recall Schectman saying this was all the physical PM she owned, so in the grander scheme of things, $50M in gold and silver isn't that much when we're talking about billion/s of dollars. Maybe she sees it as an insurance policy, like many others do? Wise person.

This news is nice to hear, but IMO what would get me more excited is if we saw multiple parties taking big positions in physical PM's so as to bring scarcity into the physical market. IMO at some point in time this will happen, but how far away we are is anyone's guess.

I do think we're a long way in seeing this current market correction from being over and as this correction continues we should see PM's continue to fall before the Banksters will be forced to pivot and then we should be off to the races with higher prices. We'll see.