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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 breezer1on Dec 06, 2009 11:00am
438 Views
Post# 16558383

RE: RE: RE: RE: 700$ Gold in 10 days

RE: RE: RE: RE: 700$ Gold in 10 daysthe situation may exist where china may also move to suppress the price in order to keep their dollars buying power.
i don't see much chance of success as long as there is physical demand. There is also pressure on india to spend dollars on food since they have a bad situation already turning into riots. pressure also on japan to spend dollars. we are also not far off another sovereign default.  this all bodes well for gold , bad for dollar. the gold and silver market is relatively tiny and when there is a visible rush to the dollar exit there will be an explosion . AIMHO . 
Bullboard Posts