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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 freedom045on Sep 15, 2011 2:43pm
370 Views
Post# 19046844

RE: COMING: A GOLD & SILVER TSUNAMI

RE: COMING: A GOLD & SILVER TSUNAMI "8) The big funds who have been long Gold and short the PM stocks need great volatility in the Gold price at this time to try to reverse that trade if Gold is not going to trade lower. The short covering in the large cap Gold stocks pushes the PM stock indices up to new highs as Gold consolidates. We suspect that another sharp move higher in Gold is on our door step- one that will accelerate the Gold and Silver stock short-covering, driving the PM stock indices higher in a momentum run as shorts are forced to cover into higher prices."................................as our share falls back to the 40s
Bullboard Posts

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