On The Radar

On the radar for this week are stocks in the gold sector. The gold index has been on a price decline for 10 of the past 12 weeks. The index is currently turning to the upside as the U.S. Dollar begins it's decline against a basket of major currencies after 9 of the past 12 weeks of upside momentum. As for now downside support for the index is at $1,047.19 per ounce with upside resistance at $1,161.80. The stocks on the radar for this week are (GSS) Golden Star Resources, IAG IamGold Corp., (HMY) Harmony Gold, (GSPG) Goldspring, (RTP) Rio Tinto PLC, (AUY) Yamana Gold, (GG) Goldcorp, (KRY) Crystallex International, (SA) Seabridge Gold, (KGC) Kingross Gold, (BVN) Compania de Minas Buenaventura, (CCJ) Cameco Corp., (RGLD) Royal Gold, and (LIHR) Lihir Gold Ltd., to name a few.