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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

Comment by FalconMon Jan 19, 2016 1:26pm
191 Views
Post# 24472786

RE:Confused

RE:ConfusedWhen interest rates start getting slashed (BofC possibly doing it tomorrow - 50-50 chance according to some) and QE becomes the viable alternative to our clearly sinking economy, then gold will no longer be a short-term safe haven, but a long-term safe haven. Then you will start to see some major gains and market correction. You also need to convince the technical traders that gold has become bullish. There are many stubborn shorters who won't budge until there is a technical breakthrough. Lastly, just because gold prices are up does not always correspond to the equities. If investors are pulling their stocks because they are scared, it is possible they are just pulling all of them. Once low/negative interest rates and QE is assured, you'll make the big bucks. So for now patience, later profit.
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