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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.

 
7/9/2010
Anticipated support
Initial
Major
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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The opinions in this report are solely those of the author. The information herein was obtained from various sources; however we do not guarantee its accuracy or completeness. This research report is prepared for general circulation and is circulated for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized.

Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily a guide to future performance. Neither the information nor any opinion expressed constitutes an offer to buy or sell any securities or options or futures contracts. Foreign currency rates of exchange may adversely affect the value, price or income of any security or related investment mentioned in this report. In addition, investors in securities such as ADRs, whose values are influenced by the currency of the underlying security, effectively assume currency risk. Moreover, from time to time, members of the Institutional Advisors team may be long or short positions discussed in our publications.

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