On the Radar

On the radar for the second consecutive week are stocks in the gold sector. After 4 out of the past 5 weeks of downside pressure the gold index is poised to move higher in the week ahead. A breakout above the $1,358.80 will take the price of gold higher in the near term.

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