First Mining Gold Corp (FFMGF)

[Implanting]

Axel Merk interview from Kitco. Merk is asked if gold is headed higher or lower like after the 2011 top and drop. IMO he makes a very strong case that gold and the miners will head higher, not lower. Axel does a fantastic job of explaining why PM's should be moving higher when interest rates began falling again.

Are interest rates going to stay higher for the long term? Definitely not. Will the dollar strength we've seen continue on for the long term? No, it can't because if it did it would destroy currencies of the rest of the world, so that ain't gonna happen either. They discuss about how we're already seeing signs of other central banks slowing/reducing their rate hikes. That may tell what the U.S. Fed has in mind soon too.

The most important thing Merk said in the interview was that the Fed WANTS things to break because that gives them their excuse to stop the rate hikes and go back to easy money again, so he is expecting that to happen at some point. He also said the biggest thing for them is to attempt to save what little credibility they have left. He's definitely spot on there.

Also, note what he says about how gold and the miners will rally PRIOR to the rest of the market. They will be early to the party, so we need to keep that in mind.