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$1.65 0.05 (3.12%)
8/21/2008 4:00 PM

Golden Star Resources Ltd. (USA) (GSS)

CAPS Rating:
****

An international gold mining and exploration company producing gold in Ghana, West Africa.

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Avatar GS751 (91.25) Submitted: 6/27/08 11:48 AM : Outperform Start Price: $2.88 GSS Score: -42.47

A little oversold based on the news today. Either I am right or the news or is wrong. Don't you love to bet on yourself. Gold and Oil have a heavy correlation. This stock effectively is a bet on gold prices.

Latest 10Q "As mining progresses deeper in the sulfide pits we expect to mine less of the near-surface, low-recovery transition ores, and more of the fresh sulfide ore which metallurgical testing indicates will yield higher gold recoveries."

The selloff today, me being bullish on gold prices long term, indicates a green thumb for this one.

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