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June 30, 2009 / Jeb

Best Gold Exploration Stock U.S. Gold (UXG)

Keep a close eye on UXG.  It may be the last opportunity to get in before its major breakout.  It reversed today and major volume is coming in for the close.

Drilling results from Nevada could push this stock into new highs.  They are actively drilling  in the Cortez Trend.  There could be a major find there to increase resources.

U.S. Gold gives great leverage to the price of gold.  When a company makes discoveries and increases resources the percent gain of the companies stock can increase exponentially more than producing gold companies.

Even though they have increased resources in Nevada and Mexico a find in Nevada that is high grade gold could really move this stock.  They have two drills trying to extend mineralization.

Having a land position that borders one of the largest mines in Nevada gives shareholders an opportunity to make huge gains on any discoveries.  Notice today when most miners were down UXG closed up.  A break above 2.75 could lead to a quick 100% gain.

UXG

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