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Candelaria Mining Corp T.CAN


Primary Symbol: V.CAND Alternate Symbol(s):  CDELF

Candelaria Mining Corp. is a Canadian gold-copper exploration company with a portfolio of two highly prospective projects in Mexico. The Company owns 100% of the Caballo Blanco and the Pinos Gold Projects. The Caballo Blanco license area is located on the eastern coast of Mexico in the state of Veracruz, 65 kilometers northwest of the city of Veracruz. The most advanced project in the license area is La Paila, which is conventional open pit/heap leach mining operation targeting approximately 100,000 ounces of gold production annually. The Pinos mining property and historical mining district is located in the municipality of Pinos, Zacatecas state in north-central Mexico near the town of Pinos, Zacatecas. The property lies 405 air-kilometers northwest of Mexico City and is 67 km west-northwest of the city of San Luis Potosi, 113 km east-southeast of the city of Zacatecas, and 85 km northeast of the city of Aguascalientes.


TSXV:CAND - Post by User

Comment by ANBCAon Oct 19, 2010 9:59am
338 Views
Post# 17581382

RE: U.S. Dollar rallies just temporary

RE: U.S. Dollar rallies just temporaryG.E. & BofA results are bellwethers of the U.S. economy.  Goldman results are stellar but they represent the Greed in America and as other nations begin to seek other avenues for IPO's and Corporate financing we'll see this correct itself. 

If the U.S. dollar continues to show strength for a few weeks the Chinese will dump some holdings.  They've likely been waiting for this.  A stronger Yuan and Yen will only result in a lower standard of living in the U.S. as most consumer goods sold in the U.S. are from Asia.  Americans buy very little "made in the U.S." as the price is high and often the quality not competitive. 

Problems in France etc. are also helping the U.S. $ as they are keeping pressure on the Euro.  Once these strikes are over and business returns to some normal tempo in Europe we'll see the Currency gain strength again. 

As kensin said Gold is just taking a break.

JMHO

A
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