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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

Comment by Pepelepieuxon Dec 21, 2014 10:54am
138 Views
Post# 23253755

RE:RE:After market trades TMM

RE:RE:After market trades TMMIf it is tax selling, it will not rebound strongly next week, but if history repeats itself, the vast majority of miners will jump like crazy starting at the beginning of January.  I think last year they went up 50% in Q1!  It sure would help if the price of gold goes up too like it did at the beginning of last year. The real key is the US dollar. I just can't see the Fed allowing it to continue to strengthen compared to other currencies.  First, it is very deflationery (the Fed's stated goal is 2% inflation per year, which is not even close to what's happening now), and second, it hurts our exporters in two ways:  it makes US made goods more expensive to export, and the international earnings of our companies would have to be translated into fewer dollars, which eventually would make them miss their earnings target and retrench their P/E (and eventually hurt their stock price).  So I hope the Fed tells the market there will be no increase in interest rates in 2015 (an expected increase is part of the reason why the dollar is rallying). 
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