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Bullboard - Stock Discussion Forum 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 Discussion

Timmins Gold Corp > Really 685000 on a almost $40 drop in gold?
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Post by 2trade2 on Oct 04, 2016 8:50pm

Really 685000 on a almost $40 drop in gold?

Correct me if I'm wrong but I just have to say wow!   I really now truly believe that this company is truly undervalued.  On a day like today this is no panic selling just day trading as volume is almost a daily average!   Any words on this or I Am I the only one shocked at this low volume today in such a bad day for gold!
Comment by Platin2014 on Oct 04, 2016 9:09pm
there is no reason to punch Gold down that much on a day, only thing was that Mrs Mester made a statement..that interest rates are ripe for a raise.. . My opinion (may be I am wrong) gold bounces back tomorrow, as maket realize that there is no reason,if so, shorts will run for cover  (TGD 631.100). I think too, that TMM is way undervalued IMO we should trade in the $1.20 range right now ...more  
Comment by bobofet on Oct 04, 2016 9:18pm
I noticed this also no panic selling.... which struck me as strange as why gold went down so much today..why I ask so much of a drop.... I am getting a bit worried  on the viabilty of the San fran mine,  we are getting close to the point where it becomes worrisome.  I personally will hold my shares for the long run,, if this is due to the perception of a rate hike, what will happen ...more  
Comment by blue0987 on Oct 05, 2016 8:26am
I see this action by the crooks that dumped 1000 tons of paper gold onto the crimex over a 30 minute time-frame yesterday, as killing 4 birds with one stone, all while China is off on their week long golden holiday:   1) Some sort of financial system disaster brewing. 2) Able to cover their short positions before this financial system disaster. 3) Shaking out gold from the ETF gold ...more  
Comment by silverT on Oct 05, 2016 8:31am
Thanks blue.........you're OK , helps to know some good still out there .
Comment by resource on Oct 05, 2016 3:53pm
I agree with all 4 points, something wrong, check this on the bond market, repo rates up today as well https://www.playstocks.net/index.php/market-trends/chart-of-the-day
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