Skip to content
October 5, 2009 / Jeb

UXG U.S. Gold Drilling High Grade Zones in Nevada’s Cortez Trend

U.S. Gold is actively drilling in Nevada’s Cortez Trend and they are continuing to explore around the high grade results which they provided to the public a few weeks ago.  Please see the previous post.  I expect more positive results and resource expansion shortly and a very profitable trade could be setting up.

This company has a lot of potential as they have not even yet drilled close to the depths of the other miners in the Cortez Trend.  This company would provide an awesome leverage to the price of silver and gold in a hyper inflationary environment.

Let us not forget that Rob Mcewen former CEO of Goldcorp was making huge profits in gold mining while other companies were going bankrupt.  He owns more than 20% of this company more than any other junior miner.

UXG

UXG long term chart as I’ve stated in previous posts appears to be bottoming and changing long term trends.  The 6 month chart shows that it has tested the 2.65 area three times and is consolidating before a new move higher.  Also take a look at the bollinger bands and how clear this chart is showing times to buy and sell as it hits the lower and upper bollinger bands.  I expect it to hold support here and it to move higher with new results to be released soon.

Disclosure:  I own shares of UXG.

Advertisements

2 Comments

Leave a Comment
  1. Moulay / Oct 6 2009 10:39 am

    A Great Call. With a little help from the rise in gold prices UXG should perform well. Any opinion on DNN?

    Thanks again

Trackbacks

  1. U.S. Gold Important Drill Results To Be Released Soon, Exploring High Grade Areas « Gold Stock Trades

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: