First Mining Gold Corp (FFMGF)

[Implanting]

Seablue, I don't think we're going to see gold break-out above that $2100 price until the Fed pivots or at such time the market determines they'll pivot.
When that happens I believe the turn higher for gold will be made.

The mining sector is NOT going to move until the gold price breaks out IMO, so I believe that's what we're up against. I heard a talking head on the biz channel today say he is neutral on gold and the miners because he believes the Fed will keep rates higher for longer and that puts a lid on a higher gold price.

I would agree with his assessment, but I also think they're not going to be able to keep rates higher for longer. Something is going to break to make them pivot sooner than most pundits expect. Is that happening now with this market sell off? It's difficult to say, but I don't think the market is going to stay elevated and we're going to have to experience some pain before the pivot happens.

I'm going to keep my powder dry until we get closer to what I think will be the pivot bottom. When that happens I don't know, but I do believe the markets will have to go much lower from where we are now.