Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Shining Star

Golden Star Resources is one of the "Heroes of the HUI" because it has the most leverage to the gold price. Unfortunately when gold prices drop, Golden Star lacks a golden parachute and it falls faster. We had a bounce off the $2.90 level corresponding with an increase in gold price. Its a relatively safe entry point because we're not that far above $2.90. A close below this level kills the trade.

Golden Star Resources