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Timmins Gold Corp T.TMM

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."


TSX:TMM - Post by User

Bullboard Posts
Comment by morriconeon Dec 21, 2009 11:50am
357 Views
Post# 16607234

RE: Gold heading below 1100,00

RE: Gold heading below 1100,00The US dollar is simply going through a year end bear market rally.  The long term trend remains down.  The dollar is probably strong because of seasonal year end euphoria - things are much better now than they were a year ago, and there are some positive political developments with health care passage imminent in the Senate. The whole terrorism/Afghanistan thing is also off the table now.  Nobody's thinking much about the US debt situation at the moment and the fact that the printing presses are still running full out..  The housing situation is still desperately bad and there's the potential problem that people who might have bought cars in 2010 already did so in 2009 when there were incentives.   And the Chinese currency still remains too high, sucking jobs out of America (and Canada!).
Bullboard Posts