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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 TheSiteOnGoldon Jan 22, 2014 1:48am
206 Views
Post# 22118897

Urgent Caution with Gold now..

Urgent Caution with Gold now..
I highly suggest you look at this daily and weekly Gold chart to see what Im talking about..
The gold miners have run up...to levels near where resistence is typical...not only would it be best for them to rest and consolidate... but so would gold itself as it has not moved in relation.Whether the miners are anticipating a gold move or only reacting in a normal bear bounce..time will tell soon.
Gold needs to hold this current support level or the next leg could suprise the gold bulls and gold could be smashed down..Gold needs to move and close this week up...badly..Caution.. Have an exit plan because pressing the buy button for most is too easily done when hope and greed kick in..
This Weeks Weekly Gold Chart
Read more at https://www.stockhouse.com/companies/bullboard/t.fnv/franco-nevada-corp#oQ3jR2h0xvJqCrxh.99

Bullboard Posts