GSS (GSC.TO for the Canucks out there) looks to be breaking out
of an 8 month downtrend. A bit of divergence, rising gold
price and brokerage upgrade y'day appear to be the proximate
causes. This is an operationally leveraged high cost
($1100/oz) producer that has not run far yet, with gold approaching
favourable seasonality.
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GSS breaking downtrend
Posted by johan on 13th of Jul 2011 at 11:40 am
GSS (GSC.TO for the Canucks out there) looks to be breaking out of an 8 month downtrend. A bit of divergence, rising gold price and brokerage upgrade y'day appear to be the proximate causes. This is an operationally leveraged high cost ($1100/oz) producer that has not run far yet, with gold approaching favourable seasonality.