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Core Gold DMMIF

Metals & Mining Industrial Metals & Minerals
Core Gold Inc is a gold mining company based in Canada with all operations in Southern Ecuador. The company primarily explores for gold and silver. Some of its projects includes Zaruma Mine & Portovelo Mill, Dynasty Goldfield and Copper Duke Project.


OTCQX:DMMIF - Post by User

Core Gold
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Comment by edxon Dec 02, 2015 11:43am
82 Views
Post# 24346624

RE:RE:RE:RE:RE:RE:RE:What happened?

RE:RE:RE:RE:RE:RE:RE:What happened?I'm not seeing any DMM catalysts for the share price this year, but who know with gold. If the Fed does raise and finally get it over with the shorts are going to bail. Epic short squeeze? Small bump? 

In theory, the Fed finally raising by a mere 25 bps means:
- the overhang weighing on gold for years is gone
- USD drops because if a 25 bps hasn't been priced in already, then none of this matters since the markets make no sense
- stocks drop
- bonds drop
- safe haven appeal goes up

If gold starts going back up in a big way DMM will get carried along for some of the ride. But then, who knows really. There is so much funny business in the precious metals futures market. The one sure bet has been against the hedge funds this year and they are more short gold right now than they have ever been.

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