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May 29, 2010 / Jeb

U.S. Gold (UXG) Reports Great Results From Mexico, Shares Outperforming Silver

I recommended UXG at 2.50 and we have close to a 60 % profit.  Don’t get scared out, this will be a major gold and silver mining company.  The results coming out of Mexico are proving that El Gallo is one of the biggest silver discoveries today.

Price volume is showing that as well and major buyers are supporting this very strong run.  Over the past 6 months silver has broken even while UXG is up close to 35 % during a correction.

Look at the chart.

UXG is running in a weak market.  I can’t imagine how it will move when silver breaks through $19.

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7 Comments

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  1. Trond / May 30 2010 4:20 am

    And in addition to that, 13 kilometers to northeast in Texcalama, high grade gold and silver surface samples collected over an area that are several times larger than El Gallo and drilling there scheduled to start now.

    • Anticipate Opportunities / May 30 2010 7:50 am

      Thanks Trond!

  2. Trond / May 30 2010 8:35 pm

    You’ve persevered and kept the faith about UXG’s fundamental strength, which now pays off, and helped to encourage and hold up the spirit of us, the patient shareholders along the way.
    The same goes for GMO.

    • Anticipate Opportunities / May 30 2010 10:01 pm

      Thanks for holding on and those nice comments. It means a lot. I try to do my best, honest and to the point analysis.

  3. trish / May 30 2010 11:23 pm

    clive maunds blog today sees imminent meltdown so vicious that even pm’s & pm equities (especially silver)will tank,please look and tell us what u think: http://www.clivemaund.com

    • Anticipate Opportunities / May 31 2010 7:46 am

      Right now the metals positions we are following closely are showing strength especially NGD, GMO, TGB and UXG. I would be hesitant to sell as a short term correction may shake you out of a long term move.

      • trish / May 31 2010 2:41 pm

        Well,Clive is forecasting a few more weeks of upside.seems logical to me that if markets melt people will dump EVERYTHING-most folks equate cash with safety

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