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Technical Analysis Update On GOLD GSS NFI $XAU
Wednesday, February 21, 2007

Golden Star Resources Ltd. — (GSS)

GSS is a medium risk Gold play.  GSS has always been a front runner in the Gold sector.  In January 2007, GSS went up 11%, and this month it is up 17.68%, and on good volume.  GSS has been in a bullish trend reversal on the monthly since 2002.

My prediction: I think we will back test 38.2% level and then move up to double top at 100% at around 22.00.  I don’t know when we will hit that price target.  Do be prepared for sharp and swift dips in this stock.

This stock is a buy and hold for 12 months or longer.  GSS is outperforming the $Gold by leaps and bounds.  It is an investor trade, meaning that it is meant to be held for 6 to 12 months, or until price target is reached at $10.00 or higher.  You do not need to watch every tick on this stock, just buy and hold it as an investment until price target is reached at $10.00 or higher.

Stock Charts
GSS IN 2003 (WEEKLY CHART)
Stock Charts
Golden Star Resources Ltd. - (GSS) -Daily Chart - Gap Down then reverse upwards - Gold - Optionable 1) the daily chart illustrates how GSS was smacked down the day before the BOJ and FED announcements on light volume to form a bull flag. Then reversed sharply upwards the next day on heavy volume. 2) the gap down held the 34 EMA which acts as a constant magnet for price on pullbacks/ dips. 3) you can see that the charts never lie and it forecast the drop 4) I further stated that this was a good buying opportunity 5) I want to point out that if you don't see what I see, you have to know what I see is correct more often than not 6) Only you can pull trigger to enter a trade - therefor you should be applauded!
Stock Charts