GMUI Is Exhibiting Strong Bounce Possibilities With Over 200% Upside Available
Good Afternoon!
Gold Mining USA Inc. (OTCPINK: GMUI)
Since the start of the year GMUI has been quietly making traders and investors some serious short term returns. In early February it rallied to a high of .16 and has pulled back and reasserted itself several times since.
Profit-taking has brought this very “giving” gem to the super low entry of .03 and as at this writing GMUI is sitting on around 200% upside potential to its 50 DMA of .09.
RSI levels corroborate this upside and with just 33 RSI on the daily, GMUI is poised to bounce and bounce high and fast.
Management has just reaffirmed the company’s core business model and investors who benefited from the strong core seem to like the continued direction. They like it so much that volatility levels are racing away. Tight trading has given way to an average volume of nearly 250K; this in itself opens the door for short term profits as traders can move in and out easily.
I believe that the shift in sentiment (bullish) is a major reason volatility levels are trending north. This upward momentum could lay the foundation for a major breakout and since GMUI has the short term, setup to support such a breakout, you owe to yourself to move on it ASAP.
Check out the chart…
Here’s a link to the chart: http://stockcharts.com/h-sc/ui?s=GMUI
About
GMUI (Gold Mining USA Inc.) is an emerging OTC Company that is focused on developing metallurgical and mining projects. GMUI business model is to acquire properties that present the potential to prove up significant resources through exploratory drilling and generate value through exploration, development, joint venture or divestment.
GMUI was founded in 1995 and is headquartered in Lithia, Florida.
Gold Prices Are Moving North -- $1250 Target (Morgan Stanley)
Gold’s advance is continuing and rose in U.S. trading recently amid a broader flight to quality, as investors bet the Fed would be cautious on raising interest rates given uncertainty about global economic growth.
Gold futures rose 1.3% to $1,240.10 a troy ounce on the Comex division of the New York Mercantile Exchange, according to FactSet data. Thursday’s action adds to a robust start to the year for gold futures, which are up some 17% so far.
Investment Bank, Morgan Stanley’s Natasha Kaneva, is mildly bullish on gold due to what she sees as moderating global risk appetite, which is the primary driver for the commodity:
“Further into 2016, we retain our price forecasts of $1,200/oz in 3Q16 and $1,250/oz in 4Q16 for two reasons. First, our sense of macroeconomic risk has changed. While the risks are still skewed to the downside, concerns have clearly diminished in recent weeks, removing one of the supports for owning gold.”
News Development
Gold Mining USA Reaffirms Core Business
GMUI recently reaffirmed the company's commitment to their core business of acquiring and developing mineral projects.
GMUI's business model is to acquire and develop properties with high potentials to prove up significant resources with exploratory drilling and thereafter generate shareholder value through development, joint ventures or divestment. For details on company mineral projects go to: http://www.gmuiinc.com
Maurice Byrne, Gold Mining USA President, stated, "We continue to expand our minerals and mining leadership team of highly qualified executives and consultants which now includes:
Mr. Laurence Olivier, GMUI Director, who was a Director of a South African corporation with extensive interests in mining, agriculture and property, and has been an independent consultant for 32 years; and
Dr Brian White who is an adjunct Professor of Mining Engineering at the University of Queensland and consults widely throughout the mining industry; and
Mr. Gavin Brown, a Civil Engineer and Project Manager with nearly 50 years of mining experience and is integral to the preparation of feasibility studies and assessment of new mining projects for GMUI in Australia and the USA; and
John Sainsbury, Geologist and Project Manager, a geologist with over 40 years of geological experience operated his own geology consulting business since 1998; and
Mr. Gary Lynch, Technical Consultant for Research and Development to GMUI, who brings a strong background in Industrial Chemistry and associated mining activities."
Byrne concluded, "These people each have long term proven records of outstanding achievement that are further detailed on our website at http://www.gmuiinc.com and we are proud that they lead our company's program to establish GMUI as a significant and profitable mining company."
To learn more about GMUI please visit their website: www.gmuiinc.com
GMUI has delivered profits before and it looks poised to deliver them again. Do your trading account a huge favour and take an urgent look at the play.
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