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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 gegoldenboyon Mar 26, 2005 1:02am
335 Views
Post# 8812415

RE: Stand aside.....gold could reach $375.00

RE: Stand aside.....gold could reach $375.00The only way that high interest rates can go negative for gold is if they are dumb enough to try the gold carry trade again. If this happens, the central banks know they will not get it back. High interest rates really will only kill the stock market on PE valuation and the bond market. High rates will cause big time damage to housing in US and US consumer, hitting corporate profits as valuations are already contracting.............no wonder they are taking it a quarter point per time. Soon hedge funds will be shorting the hell out of consumer stocks and going long gold as a result of higher rates................bring`em on!
Bullboard Posts