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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 Feb 20, 2009 10:23pm
431 Views
Post# 15794581

No Black Friday.

No Black Friday.Well it didn't turn out to be a Black Friday. The DOW continues to trend down and has broken long term support. I still think the DOW has at least one Black Day in it's near future. When this will happen I don't have a clue. Staying long the DOW just dosen't make any sense right now.
Like I posted before 7,500 was support, it is gone now, there is very little support for the DOW until 4,000.
I continue to sit on the sidelines now with physical gold and silver and cash. 
Good luck Goldbugs. 
Bullboard Posts