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Positive Exploration News Sends U.S. Gold Shares Higher

Posted on May 22, 2008

Over the past nine months, U.S. Gold shares (UXG) losttwo-thirds of their value, even while gold itself flirted withover-$1000 prices. The problem? A toxic combination ofmildly-disappointing exploration results and sky-high investorexpectations. Shareholders apparently focused on CEO Rob McEwen s pastachievements and assumed a bonanza strike would be announced any day.Unfortunately,mining doesn t work that way. Like investing, it's a game ofprobabilities. Line up the best properties, management team,geological engineers, and roll up your sleeves. If you are lucky, youmight find some...

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