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Breakout Idea: Low Float Past Champ (USAU) Has 5 Potential Catalysts Including Bullish Triggered Technicals

This Former 3X Champ Requires Full Attention Now...

December 1st

SCF Readers,

Let me get to it quickly because the markets are open and you're busy.

I've got 4 words for you...

Nasdaq. Past. Champ. Alert.

Got your attention? Good.

In fact, this Nasdaq profile even delivered a move over approximately 100%+ in the blink of an eye after one specific time I brought it to your attention.

Could it be gearing up for another potential short term breakout?

Expert: Gold Set To Potentially Rally In Coming Months (1)

GraniteShares founder and CEO Will Rhind sees runway ahead.

His firm is behind the GraniteShares Gold Trust (BAR), the fifth-largest gold ETF on the market by assets under management, according to ETF Database.

I’m very positive on the outlook for gold for next year and the reason is because of what’s going on with the macro environment, particularly inflation,” Rhind said recently.

We obviously had the tapering announcement [recently] and those that expected the gold price to fall were surprised when it actually mounted a fairly significant rally and I think that’s in a way due to, still, the dovishness coming out of central banks” in the U.S. and U.K., he added.

"Combine rate hike-resistant central banks with a supply chain crunch and inflation that may not be as transitory as expected, and it could attract even more buyers," Rhind followed.

We have real inflationary pressures that, the longer they persist, the more of a problem that causes and the more people will look for inflation hedges.

There just aren’t that many places to hide and gold is one of those places that people have always gone to in times of stress and I think this data’s a reason for still believing that gold is going to be there next year if there’s an official acknowledgment that inflation is a problem," Rhind furthered.

For these reasons and more, I've been tracking different gold related companies and have been keeping an eye on a past champ closely that you should get on your radar.

Today, there is only one Nasdaq profile to have on your screen:

*U.S. Gold Corp. (USAU)*

U.S. Gold Corp. is a publicly traded, U.S. focused gold exploration and development company. The company has a portfolio of exploration properties.

Copper King, now the CK Gold Project, is located in Southeast Wyoming and has a Preliminary Economic Assessment (PEA) technical report, which was completed by Mine Development Associates. Keystone and Maggie Creek are exploration properties on the Cortez and Carlin Trends in Nevada. The Challis Gold Project is located in Idaho.

But maybe more importantly, this has been a 3X champ after my alerts.

Brought to you back on August 13th, 2020, at approximately $11.32. it climbed to $14.27 on August 18th, 2020 for a near $3.00 move.

Before that, I released this profile on March 24, 2020, at approximately $4.88 and saw it run to $12.74 on March 25th, 2020, for a 161% (approx.) run.

More recently, I alerted USAU back in December of 2020 and watched as it opened at $13.92 before running to a high of $17.40 within 1 week for a short-term move of approximately 25%.

Amazing 5 Year Run For Gold

Just check out the chart for yourself:

image

With so much uncertainty in the world, gold prices have been able to maintain $1700 support since mid-2020.

This is up significantly from a sub-$1200 low towards the end of 2016 above.

If gold continues to grow like it has over this past 5 year trend, the chances of added attention towards exploration companies may only become greater and greater.

Doesn't that make you want to take another look at what USAU is up to?

U.S. Gold Corp. (USAU) Overview

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Find the full company presentation here.

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And right now, USAU has multiple potential catalysts that could provide this profile with another breakout spark.

Here's a few to wrap your head around immediately:

#1 USAU Potential Breakout Catalyst - Another Low Float Idea

According to the Yahoo Finance website, USAU has a low float.

The website reports this profile to have approximately 6.76Mn shares in its float.

Why is that important? It's important on one crucial level. Volatility.

With so few shares available for trading, other potential catalysts (like big news) could spark a vertical move in the short-term.

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#2 USAU Potential Breakout Catalyst - Strong Analyst Price Targets

At least two different analysts are providing strong targets for USAU. Check them out:

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(from MarketBeat)

From Monday's closing valuation of USAU at $10.00+, these analysts are providing targets over 45% and 90% respectively.

Now, I'm not saying that these targets are going to be hit today or this week, but it's important to take notice of the potential upside these analysts are pointing to for USAU.

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#3 USAU Potential Breakout Catalyst - Company To Discuss Upcoming Events Today

U.S. Gold Corp. to Discuss Recent and Upcoming Developments

Management Team to Host Call on Wednesday, December 1, 2021 at 11 a.m. ETCHEYENNE, Wyo., Nov. 24, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, will host a conference call webcast on Wednesday, December 1, 2021 at 11:00 a.m. ET to update in-vest-ors on recent developments of its mining assets and to discuss plans and objectives looking forward into 2022.

Members of the management team will host a conference call with prepared remarks followed by a Q&A session.

[...]

Read the full article here.

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#4 USAU Potential Breakout Catalyst - Multiple Technicals Turn Bullish

As of close on Tuesday, USAU had several technical indicators that have been triggered as bullish.

They include the following (from Barchart):

  • 20 Day Moving Average
  • 20 - 50 Day MACD Oscillator
  • 20 - 100 Day MACD Oscillator
  • 50 Day Moving Average
  • 50 - 100 Day MACD Oscillator
  • 100 Day Moving Average
  • 150 Day Moving Average
  • 200 Day Moving Average

Half of those indicators above are short term technicals which means this profile will need to be monitored closely starting now.

On top of that, at close Tuesday, USAU was being considered by Barchart as a "40% BUY," way up from last month's opinion of "100% SELL."

Furthermore, Barchart is reporting their composite "TrendSpotter" indicator as a "BUY" also.

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#5 USAU Potential Breakout Catalyst - Entering Into A Key Land Agreement

U.S. Gold Corp. Executes Agreement for Additional Land for the CK Gold Project in Wyoming

-Agreement provides U.S. Gold Corp. with an option on the necessary future land and a permanent right-of-way for the CK Gold Project

CHEYENNE, Wyo., Sept. 14, 2021 /PRNewswire/ -- U.S. Gold Corp. ("the Company") (NASDAQ: USAU), a gold exploration and development company, is pleased to announce it has entered into a land agreement with the surrounding land-owner that provides an option to lease additional land and grant access necessary to develop the CK Gold Project.

The new agreement allows for an additional access route into the project off County Road 210, approximately two miles off the paved Happy Jack Road from the west. This will reduce approximately 2.5 miles of travel on County Road 210 to reach the CK Gold Project location from the pavement. The new route decreases road wear, lessens dust and improves safety by decreasing traffic on an already busy gravel road, which is utilized daily by homeowners and the public accessing nearby Curt Gowdy State Park.

U.S. Gold Corp.'s President and CEO George Bee stated, "This new land agreement is a very positive step forward. Our neighboring rancher continues to be a very supportive partner as we advance the project. We are extremely grateful for this extended land access and the cooperation we have had while we conduct studies now covering the entire proposed footprint of the project. While the project area is hosted in a historical mining district, ranching and the rearing of cattle is the enduring mainstay of economic activity in the area. By advancing the potential to reintroduce mining, we believe the CK Gold Project will serve to be beneficial for the community, our local neighbors, the State of Wyoming and our shareholders. Our goal with the CK Gold Project is to create valuable jobs, generate revenues, contribute to the Wyoming school system through royalty payments, give back to the Cheyenne community, and leave the ground completely reclaimed for future use."

[...]

Read the full article here.

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USAU Recap - The Top 5 Potential Catalysts

#1 - Another Low Float Idea

#2 - Strong Analyst Price Targets

#3 - Company To Discuss Upcoming Events Today

#4 - Multiple Technicals Turn Bullish

#5 - Entering Into A Key Land Agreement

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Coverage if officially reinitiated on USAU. When you have time later, do this:

image

If there are any updates today, I'll get them out to you quickly.

Sincerely,

Axel Adams

Editor, SCF


Source 1


(Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)​

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Pursuant to an agreement between StockNewsWire LLC and Venado Media, LLC, StockWireNews has been hired for a period beginning on 9/11/19 and ending on 9/12/19 to publicly disseminate information about (USAU) via Website, Email and SMS. We have been paid twenty-five thousand USD via bank wire transfer. We own zero shares of (USAU). Pursuant to an agreement between SmallCapFirm and StockNewsWire, LLC, SmallCapFirm has been hired for a one day period beginning on 3/24/20 to publicly disseminate information about (USAU) via Website, Email and SMS. We have been paid five thousand USD via bank wire transfer. We own zero shares of (USAU). An owner of StockNewsWire, LLC owns an interest in SmallCapFirm. Pursuant to an agreement between StockNewsWire LLC and Venado Media, LLC, StockWireNews was hired for a one day period beginning on 3/24/20 to publicly disseminate information about (USAU) via Website, Email and SMS. We were paid twenty-five thousand USD via bank wire transfer. We own zero shares of (USAU). An owner of StockNewsWire, LLC owns an interest in SmallCapFirm. Pursuant to an agreement between StockNewsWire, LLC and Venado Media LLC, StockWireNews was hired for a one day period beginning on 3/26/20 to publicly disseminate information about (USAU) via Website, Email and SMS. We were paid seven thousand USD via bank wire transfer. We own zero shares of (USAU). Pursuant to an agreement between SmallCapFirm and StockNewsWire LLC, SmallCapFirm has been hired for a one day period beginning on 8/13/20 to publicly disseminate information about (USAU) via Website, Email and SMS. We have been paid twenty thousand USD via bank wire transfer. We own zero shares of (USAU). An owner of StockNewsWire, LLC owns an interest in SmallCapFirm. Pursuant to an agreement between StockNewsWire LLC and Venado Media, LLC, StockWireNews has been hired for a one day period beginning on 8/13/20 to publicly disseminate information about (USAU) via Website, Email and SMS. We have been paid eighty thousand USD via bank wire transfer. We own zero shares of (USAU). An owner of StockNewsWire, LLC owns an interest in SmallCapFirm. Pursuant to an agreement between StockNewsWire LLC and Legends Media, LLC, StockWireNews has been hired for a one day period beginning on 9/10/20 to publicly disseminate information about (USAU) via Website, Email and SMS. We have been paid fifteen thousand USD via bank wire transfer. We own zero shares of (USAU). Pursuant to an agreement between SmallCapFirm and StockNewsWire LLC, SmallCapFirm has been hired for a period beginning on 12/29/20 and ending on 12/30/20 to publicly disseminate information about (USAU) via Website, Email and SMS. We have been paid five thousand USD via bank wire transfer. We own zero shares of (USAU). An owner of StockNewsWire, LLC owns an interest in SmallCapFirm. Pursuant to an agreement between Stock News Wire LLC and Legends Media, LLC, StockWireNews has been hired for a period beginning on 12/29/20 and ending on 12/30/20 to publicly disseminate information about (USAU) via Website, Email and SMS. We have been paid twenty-seven thousand five hundred USD via bank wire transfer. We own zero shares of (USAU). Pursuant to an agreement between SmallCapFirm and StockNewsWire LLC, SmallCapFirm has been hired for a period beginning on 12/1/21 and ending on 12/2/21 to publicly disseminate information about (USAU) via Website, Email and SMS. We have been paid five thousand USD via bank wire transfer. We own zero shares of (USAU). To date, we have now been compensated a total of forty thousand USD via bank wire transfer to disseminate information about (USAU). An owner of StockNewsWire, LLC owns an interest in SmallCapFirm. Pursuant to an agreement between StockNewsWire LLC and Legends Media, LLC, StockWireNews has been hired for a period beginning on 12/1/21 and ending on 12/2/21 to publicly disseminate information about (USAU) via Website, Email and SMS. We have been paid twenty-seven thousand five hundred USD via bank wire transfer. We own zero shares of (USAU). To date, we have now been compensated a total of two hundred and seven thousand USD via bank wire transfer to disseminate information about (USAU).