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Gryphon Gold Corp GYPHQ

Metals & Mining Gold
Gryphon Gold Corporation is a mine development company. The Company's principal asset is Borealis property. The Borealis Property is 27.5 square miles located in the Walker Lane gold belt of western Nevada. The Company's land position covers approximately 17,600 acres for the Borealis property and over 60 Nevada exploration properties, which cover approximately 70 square miles in the state's gold trends. The Borealis property has approximately 1.4 million ounces of measured and indicated gold resources, and approximately 1.1 million ounces of inferred gold resources have been accredited to the one square mile Central Borealis zone. Its Borealis property has over five other prospective zones that are being explored, which have the potential to host significant gold resources. The Company continued drilling on the Borealis property in the Graben resource, and in the central and western pediment areas.


GREY:GYPHQ - Post by User

Gryphon Gold Corp
Bullboard Posts
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Comment by red911on Sep 22, 2011 11:59am
165 Views
Post# 19072042

RE: RE: WTF?

RE: RE: WTF?Yes USD is up big today which, by definition, all things equal, drives down the prices of all USD denominated commodities... including gold... While I agree this is contributing to some of the weakness in POG this AM we are also seeing gold being sold to cover/mitigate losses in other areas of the market. POG has been a big winner for many and it is normal some will be liquidated during sudden periods of market weakness (i.e. today). When there is a massive market sell-off many traders quickly prescribe to the 'sell your winners' strategy. IMO this 'loss covering/sell you winners' is contributing more to of today's POG weakness than USD strength. I also think we will see this weakness end soon enough (weeks at most) and gold will resume past recent highs. JMHO. red911
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities