First Mining Gold Corp (FFMGF)

[Implanting]

In the last big move higher in the gold price (2010-11) which also had the miners moving higher with it, beginning in about 2008 (the Great Recession/financial crisis) the stock markets tanked and the Fed began DROPPING interest rates because of the recession. The stock market tanked, along with gold and silver prices during that time. The gold price corrected over 30% from 2008-09 before reversing higher, going parabolic, and breaking all-time highs. That's when you wanted to be in the miners, as they were going crazy higher in 2011. Then it was over.

The period of time AFTER the gold price corrected was the buying opportunity because gold/silver sold off along with the panic market sell off. People sold everything they had a profit in to raise cash, including their shares in the miners.

Will that happen again this time? My guess would be YES it will. The Banksters are going to need a reason to begin dropping interest rates and my thinking is that something is going to cause that to happen very soon. When and if it happens, we'll see panic selling again for a period of time before money comes back into risk assets like gold miners. The gold price will go parabolic again, like in 2011, and the miners will enjoy a mania following the big gold price move up.

That's my take on it. Right or wrong.

P.S.: If FMG has positive company specific events happen to get our share price up significantly from
where we currently are, then the bottom may be in. If the share price stays down here prior to a big market correction, then we should see a retest of those old lows. JMO