First Mining Gold Corp (FFMGF)

[TommyJ7651]

Yup, ultimately we are playing a guessing game here. I just base my observations on my experience in this sector. I agree that we will need a correction soon in the gold price, will be interesting to see how the miners react to it now that we have seen the price rise this much in a short while. My thinking is that the overall negative sentiment in the miners could not have been worse than what we have experienced in the Q1 2024 which is why I believe the bottom is now in. A stock market crash is a different thing because then we are usually talking about liquidity drying up temporarily which affects almost every single asset class. I think there is a strong possibility that the tech sector & AI sector will crash the most but that it will probably not drag the entire market with it. These tech stocks are such a large component of the indices right now it will make it look like the entire market is crashing but really it will be mostly the "FANG" type stocks. This is what happened back when the Nasdaq bubble collapsed as well. In the background, the gold miners kept rising and nobody was talking about it until they were up many fold. Let's see what happens, but a correction in the gold price I think is imminent either way. My guess would be we correct to around 2100-2200 (might even correct more in a liquidity crisis) at some point and that will again scare weak hands away. It is possible this will coincide with the tech stocks crashing and then if the Fed finally pivots completely then you will see a absolute explosion in the price of gold.