Golden Star Resources Ltd (2) (C:GSC)
Shares Issued 258,146,960
Last Close 9/16/2010 $5.35
Friday September 17 2010 - In the News

The Globe and Mail reports in its Friday, Sept. 17, edition that gold on Thursday soared to an intraday high of $1,278.90 an ounce on the spot market, up nearly $10 at its best point, marking the second fresh high this week (all figures U.S.). The Globe's Martin Mittelstaedt writes that with gold rallying so strongly, the big question for investors is how much further it can go and how best to play the upsurge. Many gold analysts believe the rise has a long way to go, years possibly, saying the factors propelling the metal are unlikely to subside any time soon. Erste Group Bank's Ronald-Peter Stoeferle says, "This is really a long-term bull market." Mr. Stoeferle tracks Canadian gold stocks on behalf of European investors. He thinks the bullion price will match the peak levels reached in January, 1980, when inflation since then is taken into account. That inflation adjustment would take the metal up to about $2,300 an ounce. Some market watchers, however, are hesitant the near term, given that gold has rallied nearly $60 in the past month. Most bull markets move in fits and starts, with frequent pullbacks. Peregrine Financial Group analyst Bob Tebbutt recommends buying Golden Star Resources.