Sunday, May 10, 2009

On The Radar

On the radar for this weeks are stocks in the Gold sector. The Gold Index as well as the Amex Gold Bugs Index and the Philadelphia Gold and Silver Index all ended the week on the upside. We might see a continuation from the prior week in the price of Gold due to the decline in the price of the U.S. Dollar against the basket of major currency pairs. The Stocks to watch are (KGC) Kingross Gold, (SA) Seabridge Gold, (TRE) Tanzanian Royalty Exploration, (GG) Goldcorp, (ABX) Barrick Gold, (AEM) Agnico Eagle Mines, (GLD) Street Tracks Gold Trust, (EGO) Eldorado Gold (AUY) Yamana Gold, (AEM) Agnico Eagle Mines, (HMY) Harmony Gold, (BVN) Compania de Minas Buenaventura, (RTP) Rio Tinto PLC, and (GSPG.OB) Gold Spring to name a few..

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