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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
Post by Goldfingerron Dec 17, 2008 10:16pm
412 Views
Post# 15653225

Some more TA Gold and USD

Some more TA Gold and USDThe USD is slicing through support like a hot knife through butter. Again it is at support .79 to .78 .Will this one fall away like the others before it? We will see tomorrow. The POG is at resistance $880.00. This is the gate way to $900 and of course $1000. Will it pop through or bounce down, only to take a run at this level again. Fundamentally the US has opened the floodgates to billions in cheap money. I still project a USD price of .45. Things are only getting stranger in the USA and those that thought Obama to be a saviour better have a look at his cabinet, he appears to be as clueless as Nancy Peloski.
Bullboard Posts