Morning Stock Pick U.S. Gold (UXG) 6/2/09

U.S. Gold has one of the largest mineral land positions in Nevada and they have just shown quite impressive results in Mexico.  They are owned by Rob Mcewen who built Goldcorp.  Rob has success in building gold companies and rewarding his shareholders.  Rob has decided to invest his own money in exploration as a way to leverage your investment in gold.  UXG is an exploration company which means that if they make a discovery an investor may make huge gains.  Their land position in Nevada is located right next to some of the biggest mines in America in one of the most friendliest mining states.  The drill results in Mexico that they reported are great and may be a major discovery.

UXG 6-1-09

 

I would buy here as UXG broke out of a symmetrical triangle pattern on above average volume.  They have a conference coming up on Wednesday and I would not be surprised if an announcement may be made that would break this stock through $2.75 to $7.

Precious Metals
No comments

Written by

View all posts by:

Related Posts

0 Responses

  1. U.S. Gold Making Major Gains, 90% Gain From Original Recommendation « Gold Stock Trades
    [...] Here is a chart from our recommendation point of 6/2/09. [...]
    June 17, 2010
  2. US Gold: A Look at the Only Pure Exploration Stock on the NYSE « GoldCaddy.com
    [...] As a model for my mining stock selection, which has the quality leadership that I am looking for, I will use US Gold (UXG). Right off the bat, I was impressed with the leadership of this small, virtually obscure explorer. My interest was piqued by Rob McEwen. He had created Goldcorp, which again grew from pennies to be the major entity it is today. While leading Goldcorp, McEwen averaged a 31% annual return for shareholders. I also noticed his ability to cut costs and search for innovative approaches to find additional discoveries. Others would have retired with such a feather in their cap, but McEwan went on to form US Gold instead. When he took over leadership, banks, institutions and mutual funds began accumulating his new company and drove shares to $10 just on the news of his leadership. At the time, there wasn’t much of an asset base and many exploration programs were lackluster. As the credit crisis began in 2008, shares plummeted to below $1 a share. Investors realized the company did not have much value other than its famous leader and entrepreneur. Beginning at the end of 2009, the discovery of El Gallo in Mexico revitalized a struggling stock, pulling out of one of the worst credit crunches in modern history. At that time I told my readers that this was one of my favorite silver plays. (Please see original post by clicking here.) [...]
    April 6, 2011
  3. » U.S. Gold Hitting New Highs On Exploration In Nevada And Mexico Gold Stock Trades
    [...] As a model for my mining stock selection, which has the quality leadership that I am looking for, I will use US Gold (UXG). Right off the bat, I was impressed with the leadership of this small, virtually obscure explorer. My interest was piqued by Rob McEwen. He had created Goldcorp, which again grew from pennies to be the major entity it is today. While leading Goldcorp, McEwen averaged a 31% annual return for shareholders. I also noticed his ability to cut costs and search for innovative approaches to find additional discoveries. Others would have retired with such a feather in their cap, but McEwan went on to form US Gold instead. When he took over leadership, banks, institutions and mutual funds began accumulating his new company and drove shares to $10 just on the news of his leadership. At the time, there wasn’t much of an asset base and many exploration programs were lackluster. As the credit crisis began in 2008, shares plummeted to below $1 a share. Investors realized the company did not have much value other than its famous leader and entrepreneur. Beginning at the end of 2009, the discovery of El Gallo in Mexico revitalized a struggling stock, pulling out of one of the worst credit crunches in modern history. At that time I told my readers that this was one of my favorite silver plays. (Please see original post by clicking here.) [...]
    April 7, 2011
  4. » Interview With Rob McEwen from McEwen Mining (MUX)-A High Growth, Low Cost Mid Tier Producer Of Silver and Gold Gold Stock Trades
    [...] my Members-Only Premium Stock Analysis Service NOW!One of our long term recommendations U.S. Gold (See our original recommendation by clicking here) merged with Minera Andes to form Mcewen Mining (MUX) which has production out of Argentina, near [...]
    February 23, 2012
  5. McEwen Mining (MUX)- New Merger May Create Mining Giant « Gold Stock Trades
    [...] of our long term recommendations U.S. Gold (See our original recommendation by clicking here) merged with Minera Andes to form Mcewen Mining (MUX) which has production out of Argentina, near [...]
    February 23, 2012
  6. Interview With Rob McEwen from McEwen Mining (MUX)-A High Growth, Low Cost Mid Tier Producer Of Silver and Gold | Invest Trade Bid
    [...] of our long term recommendations U.S. Gold (See our original recommendation by clicking here) merged with Minera Andes to form Mcewen Mining (MUX) which has production out of Argentina, near [...]
    February 24, 2012
  7. Interview With Rob McEwen from McEwen Mining (MUX)-A High Growth, Low Cost Mid Tier Producer Of Silver and Gold | Wealth Thru Gold
    [...] of our long term recommendations U.S. Gold (See our original recommendation by clicking here) merged with Minera Andes to form Mcewen Mining (MUX) which has production out of Argentina, near [...]
    February 24, 2012

Leave a comment

You must be Logged in to post a comment.