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Message: CHARTWORKS - JUL 9, 2010 Opportunities in Precious Metals Bob Hoye Institutiona
CHARTWORKS - JUL 9, 2010
Opportunities in Precious Metals
Bob Hoye
Institutional Advisors
Posted Jul 13, 2010
Gold appears ready to rally into the $1230-$1244 range, testing overhead resistance. Most gold and silver stocks are into support areas and should also get a lift. However, if there is a global liquidity crisis in the next few months then the following table provides support levels that may be tested.
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7/9/2010
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Anticipated support
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|||
|
Initial
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Major
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|||
| Indices | ||||
| GDX | Market Vectors Gold Miners ETF |
50.48
|
42.30
|
36.00
|
| GDXJ | Market Vectors Junior Gold Miners ETF |
26.52
|
22.00
|
19.00
|
| XGD.TO | iShares S&P TSX Global Gold Index Fund |
22.44
|
18.00
|
|
| Royalties | ||||
| FNV.TO | Franco Nevada Corp |
31.19
|
28.00
|
25.50
|
| RGLD | Royal Gold Inc |
45.73
|
42.75
|
36.00
|
| Golds | ||||
| ABX.TO | Barrick Gold Corp |
45.15
|
39.00
|
|
| AEM.TO | Agnico-Eagle Mines Ltd |
60.10
|
46.00
|
41.00
|
| AND.TO | Andean Resources Ltd |
2.96
|
1.90
|
|
| ANV.TO | Allied Nevada Gold Corp |
19.69
|
13.00
|
10.25
|
| ARZ.TO | Aurizon Mines Ltd |
5.14
|
4.20
|
3.80
|
| CAN.TO | Canaco Resources Inc |
0.87
|
0.60
|
|
| KMK.TO | Continental Minerals Corp |
1.89
|
1.33
|
1.10
|
| CFO.TO | Clifton Star Resources Inc |
3.65
|
2.55
|
|
| DGC.TO | Detour Gold Corp |
22.62
|
16.50
|
14.00
|
| DPM.TO | Dundee Precious Metals Inc |
4.51
|
3.50
|
|
| ELD.TO | Eldorado Gold Corp |
17.59
|
15.90
|
9.75
|
| FRG.TO | Fronteer Gold Inc |
6.42
|
5.20
|
3.75
|
| GBU.TO | Gabriel Resources Ltd |
4.60
|
3.60
|
|
| G.TO | Goldcorp Inc |
42.89
|
36.80
|
29.40
|
| GSC.TO | Golden Star Resources Ltd |
4.38
|
3.50
|
2.45
|
| IMG.TO | IAMGOLD Corp |
17.54
|
14.90
|
10.40
|
| K.TO | Kinross Gold Corp |
16.78
|
8.40
|
|
| KGN.TO | Keegan Resources Inc |
5.33
|
4.10
|
3.25
|
| KGI.TO | Kirkland Lake Gold Inc |
8.31
|
6.40
|
|
| LSG.TO | Lake Shore Gold Corp |
3.10
|
2.55
|
2.05
|
| NDM.TO | Northern Dynasty Minerals Ltd |
7.04
|
5.00
|
|
| NEM | Newmont Mining Corp |
62.08
|
49.00
|
42.00
|
| NGD.TO | New Gold Inc |
5.19
|
3.90
|
3.25
|
| NSU.TO | Nevsun Resources Ltd |
3.74
|
3.00
|
2.40
|
| OSK.TO | Osisko Mining Corp |
11.09
|
8.20
|
|
| PG.TO | Premier Gold Mines Ltd |
4.47
|
3.30
|
|
| R.V | Romarco Minerals Inc |
1.68
|
1.40
|
1.15
|
| RBI.TO | Red Back Mining Inc |
25.72
|
19.00
|
16.00
|
| SGR.V | San Gold Corp |
4.13
|
2.70
|
2.20
|
| SMF.TO | Semafo Inc |
7.35
|
6.40
|
5.40
|
| VIT.TO | Victoria Gold Corp |
0.65
|
0.48
|
0.32
|
| XRC.TO | Exeter Resource Corp |
6.33
|
5.25
|
4.20
|
| YRI.TO | Yamana Gold Inc |
10.12
|
7.00
|
|
| Silvers | ||||
| EDR.TO | Endeavour Silver Corp |
3.64
|
2.75
|
2.30
|
| FR.TO | Fronteer Gold Inc |
6.42
|
2.70
|
2.25
|
| FVI.V | Fortuna Silver Mines Inc |
2.00
|
1.60
|
1.35
|
| MAG.V | MAG Silver Corp |
6.32
|
4.85
|
|
| MSV.TO | Minco Silver Corp |
2.85
|
2.40
|
2.15
|
| PAA.TO | Pan American Silver Corp |
25.46
|
23.00
|
20.25
|
| SLW.TO | Silver Wheaton Corp |
19.88
|
16.40
|
15.00
|
| SSO.TO | Silver Standard Resources Inc |
17.38
|
14.25
|
12.80
|
| SVL.TO | Silvercrest Mines Inc |
0.96
|
0.82
|
0.70
|
| SVM.TO | Silvercorp Metals Inc |
6.76
|
5.20
|
###
Jul 9, 2010
-Bob Hoye
Institutional Advisors
email: bobhoye@institutionaladvisors.com
website: www.institutionaladvisors.com
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