UXG (U.S. Gold)

We posted a morning stock pick at 2.49.  The stock was up over 10% with volume three times normal.  Breaking through 2.75 will be impressive and lead to huge gains.  It seems institutions are looking at exploration companies.  The major companies may need to aquire smaller juniors with interesting exploration activity as their profit margins are being squeezed.  U.S. Gold has quite an impressive land position and drill results may lead to more institutions buying shares.  Tomorrow they are having a conference in New York City.  It will be interesting to see what news they will release soon.

UXG 6-2-09

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