August 27, 2009 / Jeb

UXG U.S. Gold Strong Support, Ready to Make Gains Into New High Territory

ascending triangle chart pattern, breakout into new highs, gold mining shares, gold mining stocks, gold silver exploration, mexico nevada exploration, moving averages trendlines, point figure charting, precious metals trading, strong support at 50 day, triple top breakout, UXG U.S. Gold Rob Mcewen

I believe this is the time to add to your position in U.S. Gold as it is finding strong support at the 50 day moving average and appears to be in a strong uptrend. The triple top breakout coupled with a long ascending triangle with rising moving averages leads me to believe that UXG will make huge gains in the months ahead. I am continuing to add to my position as it touches the rising trend line. I expect a breakout to new highs.

UXG