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« AGNICO EAGLE MINES LTD (AEM: NYSE) Up 30.18% since we bought in June | Main | THE FREE GOLD PORTFOLIO: Update 05 September 2006 »

GOLDEN STAR RESOURCES LTD (GSS: AMEX): Up 13.76% since we bought in July.

GSS has been through a rocky August (excuse the pun) but still continues to respond to higher gold prices.

We bought at $2.98 and as of today it is trading at $3.39, an increase in price of 13.76%, which in 2 months is satisfying for us. Our strategy of buying through out the quiet summer is certainly paying off handsomely for us. The price, in our opinion has been driven up by savvy investors doing the same as us, buying in anticipation of the fall rally.

We are sticking to our predictions for gold to hit the roof by January 2007. If you are not fully loaded then please be careful as there may not be too many more dips to buy, you may have to buy at the current prices. This does not worry us in the least, as the fireworks in gold mining stocks have not yet begun. This gold bull market will generate the biggest and best after dinner stories in the history of gossip.

06 September 2006

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