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« Kinross Gold Corporation: $500 million loan agreed | Main | GOLD: The transfer of real wealth from the West to the East »

US GOLD CORP: Take a chance?

We are holders of this gold explorer but the stock price has fallen badly recently along with gold prices. Is it time to dump them or average down?

The fundamental reasons that enticed us into investing in US Gold Corporation are still intact. Investors, however have ran from USGL leaving the share price at a very low level. Rob McEwen is still a top class professional and we believe that he will turn it around.

The chart looks pretty ugly but there are signs of an upturn on the cards.

My 'gut' feel is to buy now, but patience is not my strongest point. So, we will wait and watch a little longer for some clarification with the direction of gold prices and this gold share in particular.

18 September 2006

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