Covered U.S. Gold Short

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 |  About: US Gold Corporation (UXG)
by: Thomas Kelly

Monday morning I decided to cover my (NYSE:UXG) short at $3.02. I took a decent 7% gain out of the stock here in a pretty short amount of time, but with gold acting strongly in spite of the dollar and with the stock appearing to put in a short term bottom at $3, I don’t see much reason to push the trade further.