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Golconda Gold Ltd GG


Primary Symbol: V.GG Alternate Symbol(s):  GGGOF

Golconda Gold Ltd. is a Canada-based un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. The Company operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing gold mine which also has the rights to certain mineral exploration tenements (the mine and mineral exploration tenements collectively, the Galaxy Property) located in the Republic of South Africa (South Africa) through subsidiaries located in South Africa, and a gold and silver mine and processing infrastructure located in the United States of America (the Summit Property) that is in care and maintenance. The Galaxy gold is situated approximately eight kilometers (km) west of the town of Barberton and 45 km west of the provincial capital of Nelspruit in the Mpumalanga Province of South Africa. The property covers approximately 58.6 square kilometers (km2) is part of the prolific Barberton Greenstone Belt.


TSXV:GG - Post by User

Bullboard Posts
Comment by stock_itchon Nov 14, 2012 5:46pm
261 Views
Post# 20601119

RE: Shorts In Gold Nothing More Than A Few Large H

RE: Shorts In Gold Nothing More Than A Few Large H

Thanks for that post. I'm not sure why shorts would focus on shorting gold stocks where I would think it would be easier to manipulate other sectors that are more relevant to the fiscal cliff issue.  Maybe the big boys are just letting gold stock prices come down so they can pick up at lower prices before golds next run to $1,800. I expect gold stocks to rally regardless of the overall market within the next couple of days. They can only be played for so long. 

Bullboard Posts

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