UXG U.S. Gold Making Progress in Nevada And Mexico, Institutional Demand Is Apparent
U.S. Gold is showing impressive results from its aggressive drilling campaign in Mexico as I have expected and predicted. Analysts are beginning to recognize the magnitude of a major silver discovery in Mexico. The resource estimate to describe the El Gallo discovery is coming out in the second quarter.
Technically the chart is showing impressive accumulation and a clear breakout today. I expect continued strength and a major move to new highs past the 3.50 area.
I am continuing buying shares at this level expecting a major run into new highs.