GMUI Has The Perfect Near-Term Bounce Setup
Good Afternoon!
Gold Mining USA Inc. (OTCPINK: GMUI)
GMUI has been roaring along since the start of April and current momentum suggests that you can book significant profits from this massively undervalued opportunity.
Here are the technical factors that make GMUI a must-see at current levels…
Near-term momentum has added over 60% to the historical 12-month low since April 8. That 12-month low is .0250 so if you put current valuation in its proper perspective, GMUI is being transformed into a rocket ship. Rocket ships take off which is why you should make your move on it right now.
Volatility levels, as you’d expect with momentum like we are seeing, is moving higher. Daily volatility is rising so fast that average volume has now surged past 339K. Again, compared against very tight trading in the past this is huge news for traders.
April 8 also gives you a good glimpse at the sort of movement GMUI is capable of delivering. On that day the play erupted from an open of .03 to reach a high of .06. Obviously based on those numbers it was a good day… Up to 100% intraday gains; almost from a standing start.
Could GMUI dazzle traders again with a performance like that? Well, the current momentum says yes, easy.
Keep in mind that there is still plenty bounce potential in GMUI; RSI for instance is a 45 on the daily chart and you and I both know that this is a huge catalyst coming into future sessions.
Bottom line: you should jump all over GMUI while the entry is cheap and the upside opportunity at its highest. That’s right now.
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 On Its Way To $3000? One Analyst Thinks So
After finishing its best quarter in 30 years, gold extended its gains, rising more than 17.2 percent year-to-date to become the best performing asset class among other commodities, U.S. Treasury bonds and major world currencies and equity indices.
We are likely entering a new gold bull market, writes the World Gold Council (WGC). If so, it would be the first time since the previous one concluded in September 2011, when the metal reached its all-time high of $1,900 per ounce. Since 1970, we’ve seen five gold bull markets, each one lasting an average 63 months and returning an average 385 percent, according to the WGC.
Now, as reported on Mining.com, one precious metals analyst predicts gold could rise to $3,000 within the next three years. Speaking at the Dubai Precious Metals Conference this week, Dr. Diego Parrilla, coauthor of the book “The Energy World Is Flat,” stated that “a perfect storm for gold is brewing” as uncertainty over global central bank policies is deepening. We might have reached the limit of what quantitative easing (QE) programs and negative interest rate policies (NIRP) can accomplish.
Three thousand dollars might be an overstatement, but several prominent financial institutions, including HSBC, RBC Capital Markets and Credit Suisse, are currently bullish on the metal.
For the 12-month period as of April 13, our Gold and Precious Metals Fund (USERX) was up 31.96 percent, while the World Precious Minerals Fund (UNWPX) returned 36.34 percent. This puts us ahead of the funds’ two benchmarks, the FTSE Gold Mines Index and NYSE Gold Miners Index.
News Development
Gold Mining USA Inc Announces Preliminary Assessment on Mt Tymn Mine Acquisition
GMUI recently announced that it has entered into an exclusive agreement to acquire Mt Tymn in Northern Australia. The minimum gold resource found by the GMUI Geo team so far in the Mt Tymn acquisition is conservatively estimated at 227,000 ounces with even larger potential upon further drilling and assessment.
Mt. Tymn is located approximately 125kms southwest of Darwin, 1km east of the Stuart Highway and 18 kms south of the Adelaide River. Australia provides many opportunities to exploit smaller, undeveloped or previously mined gold resources that are of no interest to the large mining companies.
In addition, there are numerous small hard rock and alluvial gold mines which have viable gold resources. These present excellent acquisition or Joint Venture opportunities.
Tailings from previous gold mining operations can be reprocessed to extract the remaining gold with yields as high as 4grams per ton.
Maurice Byrne President of GMUI states, "Our engineers and geologists has been reviewing materials on the Mt Tymn thoroughly for several weeks now, and in their findings we have a good reason to believe this to be an extremely valuable acquisition."
To learn more about GMUI please visit their website: www.gmuiinc.com
GMUI has the technical profile to justify your undivided attention so don’t hesitate to make your move. Even the 100% gain potential delivered on April 8 is nothing compared to the 1000% upside opportunity available up to GMUI’s 12-month high of .44. This is real upside so strike now.
Warmest Regards,
