Stocks of the Year

During 2006, the best performances in precious metal stocks - among a selected but large group I am following - are:

1. Blue chips

Agnico-Eagle Mines (AEM), with an astonishing jump from less than 20 to 41.24. Key explanation: strong earnings from LaRonde Mine in Quebec, Canada´s largest gold deposit in terms of reserves.

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Chart courtesy of http://stockcharts.com

2. Junior miners

Tara Gold (TRGD), with a thrilling walk from 0.05 all the way to 1.32! Key explanation: New discoveries and project development.

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Chart courtesy of http://stockcharts.com

Happy New Year!

Will Copper hold?

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Chart courtesy of http://stockcharts.com

Copper is very important. After a couple of huge mountains drawn by RSI indicator, we may observe a unique setup of the significant weekly EMA65.

Take also a look to the disproportion of levels between the two moving averages shown in the chart.

Osisko once again

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Charts courtesy of http://stockcharts.com

What a shoot up since August 2004 when the price was just C$0.24!

It is the result of late discoveries in the Canadian Malartic gold deposit, a very promising property 100% owned by the company. Inferred resource is estimated to be around 6.5 million ounces of gold.

Presently, Osisko has only 65,6 million fully diluted shares.

Examine these interesting two years and six months charts.