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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 soladadeson Oct 26, 2012 6:51pm
169 Views
Post# 20529287

RE: RE: RE: RE: RE: RE: Gold Action

RE: RE: RE: RE: RE: RE: Gold Action

Not so sure. The U.S. is in suck a sheet-storm of a pickle economically that not sure Romney (or anyone) can mend the structural issues before them. The fact that they still allow banks to do commercial lending as well as moonlight as hedge funds will ultimately be their own undoing. Sure, might get a "pop", but gold isn't only/all about quantitative easing (although that certainly helps). If you actually look at the money supply, actually, I believe it has actually starting losing volicity. Again, the problem is, banks sop up all this liquidity and then use it to leverage their derivatives games. Gold might go south a bit on a Romney win and a deadcat bounce in the U.S. $$, but as your reference, the rest of the world - Europe etc. are still printing like crazy. If Gold does go south a bit, that doesn't mean that gold equities will do the same. Just have to look back to '81 - '83 when bullion pulled back quite a bit yet gold stocks continued to go up. Also, if the U.S. dollar goes up as you suggest might do, this is NOT good for broader equity markets generally - especially commodities in general. No, IMO, politicians say one thing and then realize they can't do what they claimed. I do like your suggestion about oil field service stocks owing to opening up more federal lands to drilling etc. Again though, that will take some time. Sure, might be some anticipatory SP appreciation, but on the whole, I think the economy is on the precipitace egde and gold and silver are really the only answer. If gold gets above $1800, then the party will begin b/c many traders etc. have opening stated that $1800 is a psychological/technical barrier. Anyways, good luck investing.

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