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September 9, 2009 / Jeb

U.S. Gold Extends Mineralization in the Cortez Trend, Preparing New Resource Estimate for 2010

I would like to point out an earlier post from June 30th in which I stated that UXG is actively drilling key holes in the Cortez Trend next to Barrick.  The recent news release confirms my analysis that U.S. Gold is making major finds in Nevada.  Please see my previous article.

Right now as I said in an earlier post UXG has found powerful support and will continue to move higher as not only does it have an incredible land position in Nevada and Mexico, but it is a well financed company with a strong treasury led by Rob Mcewen.  Take a look at the updated chart.

UXG

 

As you can clearly see by the chart that UXG has a strong uptrend and has just recently broken out of a major ascending triangle.  It does have some congestion and overhead supply but I believe the strength of this stock will overcome that.  I am continuing to add on pullbacks as gold and silver are both overextended.

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4 Comments

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  1. lou / Sep 12 2009 5:21 pm

    i didnt have a chance to get in early on your stock picks as i am a new subscriber…. when will the next metal stock be mentioned ? i would like to buy it as soon as or close to when it is initially mentioned…….please notify me by email soon … thank you very much …….. lou

    • Anticipate Opportunities / Sep 12 2009 9:30 pm

      I am constantly researching and using my own criteria I select the trades with the best risk to reward scenario. Yhanks for subscribing and following along.

  2. lou / Sep 15 2009 7:04 pm

    what do you think of etf ung the natural gas etf that is coming off its 5 year lows?

  3. lou / Sep 20 2009 8:30 pm

    i havent been able to buy the gold/copper/moly stocks yet …..do you feel it is a safe time now to purchase stocks uxg,tgb,ngd and gmo now or do you feel it is time for a pullback in these stocks and it is better off to wait to buy these for now … ive seen in the past that in october gold stocks tend to sell off …. could you please comment? thank you

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