Golden Star Resources (AMEX:GSS) Surges 4.2 Percent

Golden Star Resources (AMEX:GSS) had a big day today, along with other gold miners and gold futures as well, ending the session up 4.2 percent, or 17 cents, closing at $4.22.

Volume was down from the 3-month average of 3,488,360, with 2,437,232 share changing hands.

Many of the gold miners acted this way today, and it's probably from the exit of traders and speculators from the market, and investors moving back in to grab up some bargains.

Last week they took their profits or sold their gold to cover losses in other markets, which brought down the price of gold and gold miners significantly, as most of you know.

That should change this week, but there are so many economic variables again out there, we'll have to wait and see. Overall though, I anticipate better upward movement in gold prices and gold mining stocks this week.