And gold dumps again on interest rate talkWe have been telling you for months gold will be pressured by an eventual higher interest rate (or just the talk of) as gold holds no coupon and pays no interest. Timmins will continue battling lower gold prices ( operating loss last quarter) as shown in the last five quarters. Gold will be under pressure for at least 2 years from the real or imagined safe haven U.S dollar and related treasuries. Timmins has demonstrated over the past year it struggles with lower gold.
Eventually inflation will be a good hedge for gold again, but not in 2015/ and probably 2016 during summer doldrums, then a tax loss season that many have lost money here from.
