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Colossus Minerals : High Grade Noble Metals Projects in Brazil

A development-stage mining company focused on bringing into production the high-grade gold-platinum-palladium Serra Pelada project, located in the mineral prolific Carajas region in Para State, Brazil

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Waiting in the Wings

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Dont shoot the messenger

posted on Jan 21, 2011 08:54PM

Well we hit a record high on Dec 2,[9.63] & have been in a downtrend since despite gold & precious metals continuing to climb higher [ at least till the end of Dec.] Since PM have rolled over, the desent has been even more precipitious, & now as of Jan 14th we crossed below the 200 day MA, with the long term techincals looking really ugly.

I hope this turns around at least within the next 5-6 months, or when we come into the fall

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