Golden Star Resources Ltd. (USA) (GSS)

NeroSagetrade (80.42) Submitted: 10/30/07 8:11 PM : Start Price: $3.60 GSS Score: -30.22

Golden Star Resources as many have mentioned already is a great gold mining play. Gold continues to rise in the face of a declining dollar and the fed's ability to continue to lower interest rates (putting even more pressure on the dollar). The overall market enviornment looks fairly bearish at the moment and with that I think we could see gold continue to rise to around an $845 average price over the next 18 months. GSS is showing a 47% rise in revenues in 2007 and should more than double revenues and profits in 2008. Trading at only 12 times forward earnings and with the prospect looking likely that gold will head higher, I see no reason to bet against GSS here. There's also a long-term channel on the GSS chart with limited downside to $2.75.





Nero


Sagetrade

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