Timmins Gold Corp T.TMM

This is what I see.

[fb454]

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.

[believer123]

Agreed, the Fed needs to raise inflation asap to get this dollar under control Higher inflation = lower dollar = higher gold

[pdcon1]

european Q E  is the main reason behind  a strong dollar  this wont last as gold co will start to go under and create a shortage , the master plan is to lower price of gold then accumulate . the world needs moderate inflation to keep in line with the creation of dollars and euros . tmm is still making profits from gold production and could be in a position to accumulate a producing

[MisterB]

Yes FB, it is a real storm for gold.  USD climbing without any pullpacks, Euro stimulation, Scotland referendum & world peace.  All bad for gold, but I am a contratrian when all things are pulling in one direction and I feel the USD is due for a pullback, and gold is due for a rebound. I added my last 25% to my position again yesterday and now have an ACB of $1.667.  Not bad