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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 adamchesson Nov 30, 2016 1:28pm
133 Views
Post# 25535074

RE:The Trap Has Sprung For the Gold Bulls

RE:The Trap Has Sprung For the Gold BullsIt seems like Trump government will add a great deal of uncertainty and global unrest and tensions equals higher gold prices, imo. Sooner or later in the next couple years would not be a seller if I owned gold now. cheers

Invest4Life2016 wrote:
Most definitely many will get caught in 2017's gold plunge to $860/oz. 2016 will be known as the year of the trap for bullish pm investors as gold's capitulation is just around the corner. The price will hover between $800-$900 for a couple of years till production significantly decreases as a result. A gold bull market will form in 2019, anything before that is a trap!
Most important chart that confirms we are past the "mania phase" and nearing the "capitulation phase" for gold.
Spectacular Chart Showing Gold's Inevitable Decline



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