Replies to post #3676 on First Mining Gold Corp (FFMGF)

[Tommy Two Times]

I have no idea. If you ask me the price of a fed rate hike is already in the price of PM's. If they raise one more time we still have a fed funds rate under 1%. How is that bearish for PM's? Can you imagine if the fed does not raise rates what that will do to gold? The U.S. debt is almost at $19.9 trillion. I'm hearing about a trillion dollar infrastructure stimulus plan. If $2 trillion will be repatriated at 10% tax where will we get the rest of the money to pay for it? We are already running a $600 billion deficit. Bonds are selling off. Who is going to support the extra spending? Time to print additional currency.

[Implanting]

I think we've had our PM correction, not to say we won't see some more bumps along the way. The rate hike IMO is priced into the PM market now and if they do decide to raise in Dec. then I believe we'll see the same result as last time rates went up. The stock market suffered and PM's rose dramatically.