Timmins Gold Corp T.TMM

Buy and HOPE ?

[TRRG]

Remember, unlike businesses, farmland and investment real-estate, gold and silver are largely unproductive assets and the ongoing recovery in the economy is a major headwind for the metals.  Make no mistake, despite what the gold bugs may tell you, the prices of gold and silver do not always go up.  Thus, ‘buy and hope’ is not a prudent methodology.

 

Finally, when reviewing the price action in the mining stocks, we cannot help but think that the trend remains down and if anything, there is a real risk that prices may fall below the recent lows.

[fb454]

TRRG, I live in the U.S. The economy is stagnant. Labor participation rate is at 63%. A low not seen since the Great Depression. Weekly wages are moving down. Inflation is alive and well. The real unemployment rate is around 18 to 23%. Unless you are wealthy; you understand what I`m talking about. Goodnight.

[vestor111]

Meanwhile, the banks hate deflation so they print - $500B per month or close to an annualized 8.5% of the total estimated accumulated wealth of the world out of thin air.   This approach has never worked at anytime in history, even though it has been attempted many times.   In fact, the world's first recorded paper money had nothing behind it and ending in hyperinflation.  So

[vestor111]

TRRG - speaking of tapering. Sprott's economists put this out yesterday. https://www.sprottgroup.com/thoughts/articles/double,-double-toil-and-trouble-treasuries-burn-and-markets-bubble/ Good luck, we will all need it. Vestor

[vestor111]

To your point and to mine about the admittedly falsified data coming out the USG. https://theeconomiccollapseblog.com/archives/fake-employment-numbers-and-5-more-massive-economic-lies-the-government-is-telling-you (BTW in the month before the 2012 election, people predicted the BLS numbers would be fabricated. How did they know? Obama appointed a card carrying commie to head BLS. Easy call after