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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 HippygirL74on Mar 13, 2013 7:02pm
187 Views
Post# 21125652

RE: RE: Triple bottom

RE: RE: Triple bottom

One has to be patient.  We are now seeing higher lows.  The MACD looks to me like it is turning positive.  Some may have sold gold shares thinking that the POG will go lower especially with the US markets going up.  But obviously these sellers don't understand YET that their markets are only going up because of all that money being printed and not because of a better economy.  The FEDS hinted at an exit strategy but it is obvious to me that there is NO exit strategy.  QE has to continue or the US markets will crash.  And the FEDS want inflation.  That is the new strategy.  That means Gold and Silver is the way to go.  These "dips" are our buying opportunity.  Well, that's how i see it and i need more time to accummulate, so please Gold, stay lower a bit longer. 

Bullboard Posts