Replies to post #30119 on ~*~Mining and Metals Du Jour~*~

[ConferredDiligence]

Yeah, bought a 100k @.74, standing by the sell button, depending on how gold looks this week, might wait till earnings release.

[the cork]

Not Golden STAR. Used to follow Golden BAND Resources though.

GSS Golden Star Resources has produced over 300,000 ounces of gold per year, and looks like an above average African Gold play with impressive institutional stakeholders.

[123tom]

Fibonacci Geometric GSS chart


.... for what its worth.
In Late 2010 it was peaked at 6 dollars. in January 2016 it bottomed at 14 cents.

in between, the resistance now is a target at 1.37 area. the support zone appears to be 50 cent area, maybe 60 cent area.
different fib targets as time goes by, show a big target zone around 3 dollars. but first things first, this 1.13 peak was a Fibonacci target. the final one in this cycle is the 1.37.