On the Radar

On the radar for this week are stocks in the gold sector. The price of gold has been under pressure for the past 4 weeks. The index hit downside support earlier in the week and if it moves above the $1,350.00 area we will see the price of gold move higher to the upside in the near term.

The stocks on the radar in the gold sector are (TCK) Teck Resources, (ABX) Barrick Gold Corp., (AUY) Yamana Gold, (IVN ) Ivanhoe Mines, (VALE) Companhia Vale do Rio Doce, (KGC) Kingross Gold, (NSU) Nevsun Resources, (GOLD) Randgold Resources, (RTP) Rio Tinto PLC, (EGO) El Dorado Gold, (BVN) Compania de Minas Buenaventura, (CCJ) Cameco Corp., (RGLD) Royal Gold, (LIHR) Lihir Gold Ltd., (CGC) capital Gold, (TRE) Tanzanian Royalty Exploration and (HL) Helca Mining to name a few.