Implanting
4 hours ago
I just watched this Simon Hunt interview and was amazed at what he said. I was also impressed that he made it through the interview, as it looked like a couple of times during the interview he might keel over and croak. LOL
Anyway, he didn't, but some of what he said was really interesting, especially what he said about what China might do with their dollar holdings in Hong Kong. He also thinks the U.S. will revalue their gold higher, but that might bring on much higher inflation. Some of the geopolitical conversation was great too.
Implanting
7 hours ago
Without knowing what their game plan is for this revaluation, it's hard to say what they'll do, but my guess is that it will be inventive, knowing Trump.
This is all a big accounting trick IMO. The $42 valued gold notes currently held by the Fed, Trump tells Powell to move over to Treasury and Scott Bessent says they're going to be revalued at WHAT? That's what we don't know. Will it be market value at the time of the announcement or some other higher price they choose? IMO it will be something higher.
From what Andy Schectman said it can be any number they want to make it, so theoretically if Trump wanted to erase the $36 trillion in debt, we have on the books he could do it. The gold revaluation would be something crazy like $140K an oz. and I don't really see that happening.
If they say we're going to go back to some sort of gold backed dollar that in itself should set off a gold buying frenzy. Even if the dollar is backed by say 25-30% gold that would mean they have to have enough physical gold to cover that percentage. My guess is there's not currently enough gold for them to have and most likely why this gold repatriation is happening now. THEY HAVE TO BRING ENOUGH GOLD BACK TO THE U.S. TO COVER THEIR ASS FOR WHEN THEY MAKE THEIR MOVE. That's why IMO the gold repatriation is just starting and will continue until they get all the physical gold they need.
So, we should see the gold price continue to move higher as everyone figures out what's really happening. I think Trump's plan is to beat the BRICS countries to the punch on going back to a gold standard for the dollar. Someone made the statement in one of those videos that we may see a revaluation in not only gold, but other commodities and resources we have. That could also help pay down some of the debt.
This is all only good for higher gold and silver prices going forward. The smart money knows what's happening. Most retail investors don't YET.
P.S.: I firmly believe we will see Trump do a gold audit on the gold we have most likely AFTER this repartriation thing is over. That could also be when China finally reveals how much gold they really have too.
Implanting
24 hours ago
Hi Seeker, thanks for posting those videos.
IMO something is going on below the surface. Physical gold is coming back to the U.S. in a very big way, and I think Trump is going to revalue gold higher and most likely OTHER commodities (silver) we have in this country. This is all being done to strengthen the U.S. balance sheet, so this gold repatriation is Trump's doing.
I believe as people begin to figure this out, that in itself will drive the gold price to much higher levels. That will mean the U.S. gold repatriation needs to continue and if it does gold will march higher. I assume they will bring in as much gold as they have access to before the buying stops. I thought Luke Groman made some good observations about how they want gold to move higher, while the dollar remains steady and doesn't go crazy high itself. Good luck with that, especially if a recession shows up.
This is fantastic news for the whole PM sector, but the bigger questions to be answered are: 1) What will gold be revalued to? 2) Will they return to some sort of gold-back dollar? IMO the revaluation is going to happen and I suspect the revaluation will be significantly higher than market price at the time of the revaluation. If they just do a partial gold backing for the dollar that would help immensely. They could also get rid of the Fed too. That would mean the end of gold suppression.
It's going to be interesting to see how this plays out, but FMG shareholders should be in a good spot here, if this plays out.
Implanting
2 days ago
O.K., here's Andy Schectman on Kitco. This Man has it nailed down. There's some info on this interview that he didn't give in the interview I posted yesterday. Check out the clip with Scott Bessent saying they were going to monetize U.S. assets. Andy explains that.
What he said about revaluating the U.S. gold is mind-boggling. If I heard him right, he said Trump can revalue our gold at whatever price he wants to. In other words if he wants to revalue an ounce of gold at $100,000 he could. Trump could totally wipe out our debt with a gold price that's high enough to do that. Unfucking believable.
The problem the U.S. has is how much gold do we currently hold and how much gold does China have? If Trump revalues our gold, he's also revaluing their gold.
This is getting interesting. Andy is making some amazing observations.
P.S.: Andy said that Bessent could tell Powell to do what Trump wants to do, so maybe waiting for Powell to finish his term is off the table. That may make this whole deal come sooner than later.
Implanting
3 days ago
You ask, "How can things wait until July 4th, 2026?"
I'll give a couple of reasons why it MAY have to wait until then. These are just off the top of my head, there's probably other reasons I'm not listing because I'm not aware of them.
1. If like Andy S. is saying, that this is gold being repatriated back to the U.S. by Trump before they revalue it higher, it would be my guess that this repatriation buying would be on going and not just a one-time thing. It makes sense they would want to accumulate more gold going forward and in the meantime the gold price goes higher and so does the revaluation number. A one trillion-dollar revaluation number for Trump would be a nice round number.
2. Trump may have to get J.Powell's ass out as Fed Head and put someone else in power that sees things like he does. Trump can't replace Powell until his current term is up and that happens in MAY 2026, so whoever replaces Powell (Judy Shelton) is a big-time gold advocate. Is the picture getting clearer now? There's probably some politics involved in this move too.
3. July 4th, 2026, is this country's 250-year anniversary. We know Trump likes to make big presentations and grand deals. What's bigger than announcing revaluing gold higher and most likely going back on some sort of gold-backing for the dollar. Trump has been saying this is America's new GOLDEN AGE; can he say it any bigger than to do something like this? I don't see how. Trump and his team see all this gold buying being done by the East and are trying to head this off is my guess to
save the dollar. Makes a lot of sense.
Anybody is welcome to add other reasons, but unless China beats us to the punch on backing the Yuan with gold, next year would seem to be a good time for this to happen for the reasons I gave.
IMO Andy Schectman made some fantastic points on what seems to be going on. Nobody's figured this scenario out yet, I still see the biz channels talking about gold moving higher on tariff fears. I don't
see that as the REAL reason.
Implanting
3 days ago
O.K., Everybody this is a VERY,VERY important interview with Andy Schectman giving some really insightful observations about what's going on with all this gold and silver being repatriated back to the U.S.
Listen to what he says about what Judy Shelton has told him and what Scott Bessent is saying. This is pointing directly to this coming. This is also basically what Peter Boockvar said the other day.
I agree with him 100% that this is much bigger than just a tariff scare. This is Trump bringing it back for bigger reasons. For starts, gold revaluation higher and most likely a partial gold backing of the dollar, stable coins, etc. There's no doubt there's a plan for gold coming out of the Trump administration. This will be fantastic for PM prices and the miners.
Why wouldn't Trump want the gold price to trend higher before he revalues it? Andy said something about it could happen on July 4th of 2026.
Implanting
3 days ago
Yeah, this is looking really good and the more they drill just around the main ore body, they find more gold.
That's not counting all the gold in the district areas there around the main ore body. Springpole is going to be a homerun for somebody, and it's not been explored yet to a large degree. Our Management was smart to come in and snap up some of the outlying properties around Springpole a few years ago now. Many of those properties have had some drilling done, but not a lot, so those areas will eventually add a lot more to the long term picture for a future mine.
Implanting
5 days ago
I don't think pegging the dollar to gold is what Peter Boockvar was talking about in the interview I posted. He specifically talked about Trump doing a REVALUATION of U.S. gold.to current price valuations. IMO such a move is something right up Trump's alley. We know he likes to sensationalize things and surprise everyone.
What was being said about physical gold moving from the bullion banks and Comex back into the U.S. might be happening in anticipation of such a move. China continuing to buy gold hand over fist could be why that's happening. Everyone wants to hold as much physical metal as they can get before these major changes come.
Of course, if this all happens, as Boockvar said it could, such an event would put a major floor under the gold price and the bigger, unsaid, point being made would be gold is still relevant in the international monetary system. Such a move IMO would give a huge thumb's up to gold legitimacy going forward. I would also think that indirectly such a move would be very good for China too with all the gold they've been accumulating.
We'll have to see what happens, but I could see gold continue to run higher if this gold revaluation theme continues to be talked about. I was hoping to see gold higher this morning and it's down a little. Maybe just taking a breather.
I would think the miners would also get a major boost higher on any gold revaluation being done and the miners moved nicely yesterday with the big gold move we saw.
Implanting
6 days ago
Well, we hear daily of why this move in gold is happening. There are many different reasons why it could be going on. I've posted some on this board.
I suspect that a lot of PM buying may simply be on the back of FOMO in gold right now, just like we're seeing in the stock market. IMO this move is not related to a fear trade, war, or safe haven buying, which is normally some of the biggest reasons investors move into gold. That hasn't happened
yet and we're still breaking new price highs.
Where will the price be when we get to those points? Who knows, but my guess is we'll hit a high (probably over $3K) and pull back from those levels. I still see a recession coming and the Street is not. Gold and the economy will pull back if we get that recession, but a recession will mean more money printing and QE will follow. Gold should take back off higher for good, if that comes to fruition.
Implanting
1 week ago
So, like I said Dan wouldn't have had to dive deep into what's going on with FN or the provincial permitting status, but it would've been nice for him to let us know "generally" where we stand with those things. His failure to even mention them IMO is somewhat negligent on his part, now I almost feel compelled to call Paul and grill him about how those are proceeding.
Speaking of Paul, I don't know if anyone here had the opportunity to listen to his "fireside chat" webinar on Wednesday. I had a prior appointment that kept me from joining in on it and I don't see any replay links to it on the Company website or on YouTube yet. Maybe he didn't even do it?
I would agree with You that if everything falls into place with the Feds permitting, we should get a lot of attention BEFORE final approval is given. That could happen sometime in the Summer, as I recall Dan saying all the final questions from the Feds should be answered by then. Let's see what happens.
Implanting
1 week ago
Thanks for posting the interview. Matt seems to be covering a lot of the same ground with these interviews with Dan. They talk over and over again about the Federal permitting process and where we are with that, also about other projects that are potential buy-out targets. Most of these interviews are just rehashed.
I don't recall them talking much about the provincial permits that will be required OR what's going on with Cat Lake or First Nations? How is that all proceeding and exactly how much would those factors be involved in getting a final deal done with a JV partner? It would seem to me if those weren't potential hang-ups down the road for a potential partner our odds of getting a deal done sooner, rather than later, would be much higher, but it's never talked about.
I know Dan can't get into any specifics about what's going on with FN, but he could at least give us some context on how that fits into where we are currently. Are they holding the process up?
Overall, I thought what he said in this interview was very positive, but it would appear that any JV partners out there are still waiting and watching. At the end of the interview, Dan even sounded a little disgusted with how long this is taking to get done.