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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 dildonmeon Jan 05, 2009 11:00am
606 Views
Post# 15682255

RE: RE: Monday play was a fizz

RE: RE: Monday play was a fizzNorm you can go back about 64 weeks really. I have only been on it for the last 54. just over the last 6 weeks it has returned a pretty profit. now what it does during the week you can't look at.  It can drive you crazy and give you that man in the head saying shoulda,coulda kind of this. That is the discipline. I have only posted this scenario I think once here earlier in the year. The last 7 weeks will show you that even on the big drop to 52 week lows you still came ahead buying Friday and selling Monday. When it goes against you though don't hold it unless of course you want it. this is just an overnight trade that's it.  I buy the GLD also as sometimes one moves more then the other for different reasons. When it goes good for you you hold it till 10am or when the upward momentum is done and it drops 2% from the opens high. that or 10am is how I do it. the sell is right at the open  after the first 5 minutes. Lot lower now then where I sold it.. Norm we look at it again next week. last week they both returned me over $3 each.


Bullboard Posts