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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 Goldfingerron Apr 22, 2010 7:28am
327 Views
Post# 17018305

RE: 93% investors believe Gold will fall: Poll Pub

RE: 93% investors believe Gold will fall: Poll PubThe majority are usually wrong. But when you have 90% plus consences they are always wrong. I think I spelled that wrong, oh well.
The US markets are more likely to decline right now. I have counted 3 waves up on this recovery rally and expect an A B C reversal.
Gold will always be gold it really can't decline anyway. What is it going to do, loose weight? You come homeone night and your Maples are all 10% lighter. This is impossible. But it is quite posible to see fiat currency get 10% lighter over time.
Don't worry about gold. Buy physical gold and silver. Coins are best and can be fun. Some are works of art.
The older the coin that can be bought for near the cost of the precious metal content the bettter.
Bullboard Posts