Gold was up $18 today – USCN and SOCI out paced gold. USCN was up 15% and SOCI was up 12%
Jun 5th, 2009 by beststockreport
Hi beststockreport@gmail.com,
Gold was up $18 today – USCN and SOCI out paced gold. USCN was up 15% and SOCI was up 12%
Two of our gold picks continued to shine today as gold rallied hard from the start of trading and well into the close.
USCN was up 15% and SOCI surged 12%.
The price of gold jumped $18 dollars today as inflation fears and the sliding USD became front page news.
The chart on USCN improved again today with the move to .58. We are expecting another run in the stock and we are looking for a break of .90 for a move to $1.50.
The interest in USCN is being driven by the release of the 43-101 update yesterday.
USCN is sitting on an extremely large gold reserve at the COD Mine in Arizona. This reserve is augmented by the tailings above ground which are also very significant.
The tailings mean that USCN could cash flow immediately plus you have all the upside which will come from putting the COD mine into production.
USCN is a value play based on the very cheap price of the stock.
SOCI closed at the critical $1.00 level and looks ready to burst through the old high of $1.23.
SOCI had two press releases today.
It released a PR pre-market regarding the appointment of Roberto Patarrieu.
Mr.Partarrieu gives the board additional management depth which will only speed up the development of the SOCI portfolio of properties.
The second PR the company gave us more information on the news gold acquisition in Argentina.
We found the PR very interesting.
This news acquisition will generate $35 million in revenue as a minimum. This is not taking into account that gold could move to $1500 – $2000 per ounce.
SOCI is gearing up to become a cash cow for investors. They have Lota in the pipes which will generate $11 million in two years. On top of this they now have the cash flow from the new gold acquisitions.
This stock can easily move to $2.00 right now and $4.00 on the back of more news. We expect to see more news very fast.