U.S. Gold has moved higher since our last post which showed the stock coming down right to its lower bollinger band and support. It traded higher today by over 10% closing at its high on good volume. Investors are speculating that good results will come out of Nevada which will show that the Gold Bar Project in the Cortez Trend will be a major discovery similar to Barrick’s Cortez Mine.
The last results showed the best drill holes yet in Nevada and I expect good results that will show higher grades and continuation of mineralization.
Notice the point and figure chart is about to cross its bearish resistance line which is very positive.