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Hello!
USAU is starting to gain momentum to the upside.
Following our alert this morning, USAU opened today at 12.54.
So far, USAU has traded to a high of 12.83, so nothing large and tangible yet.
Following a massive rally earlier, USAU reached a high of 14.39 earlier this month.
That is 14% above today's open.
USAU bottomed a couple of days ago and has been trending higher ever since.
Gold is also looking like it could enter its next leg higher.
If that happens that could set the stage for a remarkable rally.
As a reminder, here are a couple of the things to keep in mind as you are watching this opportunity.
Continue to watch for it to make higher lows and higher highs, that's the first sign.
A close near the highs could be confirmation of the renewed uptrend.
A breakout above recent highs could set it in motion for even bigger upside to test the all-time highs.
Plus, next week, a lot more investors might notice USAU.
Here's the company's most recent announcement:
"U.S. Gold Corp. set to join Russell 3000® and Russell 2000® Indexes in FTSE Russell's Annual 2025 Reconstitution"
"CHEYENNE, Wyo., June 2, 2025 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (Nasdaq: USAU) is pleased to announce that we have met the criteria for inclusion in the broad-market Russell 3000 Index (the "Russell 3000") and the small-cap Russell 2000 Index (the "Russell 2000") at the conclusion of the Russell indexes annual reconstitution, effective after the U.S. market opens on June 30, 2025, according to a preliminary list of additions posted Friday, May 23, 2025."
As the company further explains:
- "The Russell 3000 includes the largest 3,000 U.S. public companies by market capitalization."
- "The Russell 2000 is a subset of the Russell 3000 that is limited to small-cap companies."
"The indexes are reconstituted annually by re-ranking companies based on total market capitalization as of the reconstitution rank date, which was April 30, 2025, this year. Index membership results in automatic inclusion in the relevant growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes."
Importantly:
"Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell U.S. indexes, which belong to FTSE Russell, a prominent global index provider."
Here are the company's comments from this press release:
"We believe our preliminary inclusion in the Russell 3000 represents a significant validation of the momentum we're building at U.S. Gold," said Luke Norman, Chairman of U.S. Gold. "We're proud of our team's on-going commitment to developing the CK Gold Project in Cheyenne, WY and continuing to deliver value to our shareholders."
We are continuing to monitor it for further sustainable breakout potential.
Sources: Presentation, TS, PR1, PR2, PR3, PR4, PR5, PR6, PR7, PR8, PR9, PR10, PR11, PR12, Website, Chart
Happy Trading!
AwesomeStocks
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