Positive Exploration News Sends U.S. Gold Shares Higher - Microcap Speculator

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Positive Exploration News Sends U.S. Gold Shares Higher
May 22, 2008 08:51 AM UTC

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Return	Risk
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Symbol	Sentiment	Start	Return	Closed
UXG		05/22/08	+17.79%	--

Via Long Investment Ideas from Seeking Alpha:

Over the past nine months, U.S. Gold shares (UXG) lost
two-thirds of their value, even while gold itself flirted with
over-$1000 prices. The problem? A toxic combination of
mildly-disappointing exploration results and sky-high investor
expectations. Shareholders apparently focused on CEO Rob McEwen’s past
achievements and assumed a bonanza strike would be announced any day.

Unfortunately,
mining doesn’t work that way. Like investing, it's a game of
probabilities. Line up the best properties, management team,
geological engineers, and roll up your sleeves. If you are lucky, you
might find something that makes you rich beyond your wildest dreams.
But success rarely happens overnight, and is never ensured.

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