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Golden Star Resources, Ltd. Message Board

  • crusoe_lm crusoe_lm Sep 7, 2012 10:38 AM Flag

    There's only minor resistance at $1800. This is only the start

    Don't see this new gold bull stopping any time soon. A golden cross will happen within a few weeks or sooner for gold that will confirm the new move and bring on even larger price moves, but breaking of the long term downtrend line from Aug-Sep 2011 was clearly the signal we're on the verge of something HUGE.

    GSS also crossed its 200 day MA at 1.56 this morning, but again breaking through its long term downtrend line from Nov-Dec 2011 was the clear signal GSS is on the verge of a HUGE move higher. With gold set to roar higher, I don't see how GSS won't be $2+ by year end or sooner. My other gold stocks have already started to take off and I expect GSS to do the same and outperform them. It has over the past month on a percentage basis due to its low price.

    On another note, please say a prayer for the shorts. They're going to need all the help they can get. GLTA JMHO

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