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Golconda Gold Ltd GG


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

Golconda Gold Ltd. is a gold producer and explorer with mining operations and exploration tenements in South Africa and the United States. Its principal business activities are the exploration, development, and operation of gold mining properties. It operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing 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 Mauritius and South Africa; and a mine and processing infrastructure located in the United States of America (the Summit Property). Its Galaxy gold property is situated about 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 58.6 square kilometers and is part of the Barberton Greenstone Belt.


TSXV:GG - Post by User

Bullboard Posts
Post by Allaboutthetimingon Apr 11, 2013 10:44am
140 Views
Post# 21241386

1620

1620

Notice that if it wasn't for the manipulation in the gold market, gold would have broken the 1620 threshold. There's a reason why all these announcements occurred just before gold could do that. As for going to 1450 that's unlikely because the technicals just state the opposite. Japan is printing, draghi is printing, and US will continue printing (regardless of what the FR is saying). The only game in town is printing ATM. Also keep an eye on the SG price, because I believe that gold will head for that 1620 range in the coming months and before it can break it, they will once again step in. So sell just before breaking 1620 if you haven't gone long and rebuy when it goes to 1560 again. This game will continued to be played until this system collapses. Also I doubt we will see anything major occur before the German elections. Hang in there! 

Bullboard Posts