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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

Post by fb454on Sep 11, 2014 6:45pm
314 Views
Post# 22928865

This is what I see.

This is what I see.I see the manipulation in the gold futures contract in real time. Can`t do anything about it. Instead of lifting the sale price of contracts when buyers show up; they pound it lower to get a worse price on their sale. This reminds me of the opposite of what happened when gold was trading between 1550 and 1650 for a long time before the take down to 1180. Seems gold could move up at any time now. I have no guarantee that I`m right. Could it get taken down some more? Yes. Let`s remember that the market doesn`t always do what expected. Look at the U.S. dollar the past 2 weeks. Rallying every  day to over 84 on the index. I don`t think the Fed will let it get much higher with Yen and Euro weakening. If they  don`t take it back down to allow U.S. exports to be cheap; the BRICK nations will be selling into this dollar rally as we speak. They want to get rid of the petro-dollar and start their own reserve currency. They will sell their reserve dollars instead of buying U.S debt. Our day will come. Best of success everyone.
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