Currency and Forex Markets, and Gold Commodity Trading:

On the eve of the trading session of Monday, the Swiss Franc has trading weaker against the major currencies (The US dollar, the Yen, and the euro)---It has weakening even against the British Pound.

In general, the Swiss Franc is positively correlated to the price of Gold. While Gold has been trading higher during the overnight session, a continued weakness in the Swiss Franc might turn out to be an early warning if the price of Gold were to stop its rise and possibly retreat or trade in range bound. Gold is currently trading in the 1601 area, and it would not be surprising if a selling pressure were to develop in the range of 1601 to 1616 (which is less than 1% higher). We however note that the correlation between Gold and the Swiss Franc, although positive, is not strong. Gold stock prices are significantly influenced by the price of Gold.
(A list of Gold stocks is included below).

It would be interesting to see how the price of the GLD Gold EFT would behave if it were to trade below the low of last Friday (assuming that Friday daily high price is not breached earlier in the trading session) where stops could be placed by gold trading profit takers.

The gold stocks below are sorted in decreasing order of market capitalization.

Ticker Company Sector Industry
ABX Barrick Gold Corporation Basic Materials Gold
GG Goldcorp Inc. Basic Materials Gold
NEM Newmont Mining Corp. Basic Materials Gold
KGC Kinross Gold Corporation Basic Materials Gold
AU AngloGold Ashanti Ltd. Basic Materials Gold
GFI Gold Fields Ltd. Basic Materials Gold
AEM Agnico-Eagle Mines Ltd. Basic Materials Gold
BVN Compania de Minas Buenaventura SA Basic Materials Gold
EGO Eldorado Gold Corp. Basic Materials Gold
AUY Yamana Gold, Inc. Basic Materials Gold
GOLD Randgold Resources Ltd. Basic Materials Gold
IAG IAMGOLD Corp. Basic Materials Gold
HMY Harmony Gold Mining Co. Ltd. Basic Materials Gold
RGLD Royal Gold, Inc. Basic Materials Gold
ANV Allied Nevada Gold Corp. Basic Materials Gold
NG NovaGold Resources Inc. Basic Materials Gold
AUQ AuRico Gold Inc. Ordinary Share Basic Materials Gold
GRS Gammon Gold, Inc. Basic Materials Gold
GORO Gold Resource Corp Basic Materials Gold
NSU Nevsun Resources Ltd. Basic Materials Gold
SA Seabridge Gold, Inc. Basic Materials Gold
XG Extorre Gold Mines Ltd. Ordinar Basic Materials Gold
GTU Central GoldTrust Basic Materials Gold
AZK Aurizon Mines Ltd. Basic Materials Gold
GBG Great Basin Gold Ltd. Basic Materials Gold
NXG Northgate Minerals Corp. Basic Materials Gold
UXG US Gold Corporation Basic Materials Gold
GSS Golden Star Resources, Ltd. Basic Materials Gold
BAA Banro Corporation Basic Materials Gold
RBY Rubicon Minerals Corporation Basic Materials Gold
THM International Tower Hill Mines Ltd. Basic Materials Gold
KGN Keegan Resources Inc. Basic Materials Gold
TRX Tanzanian Royalty Exploration Corp. Basic Materials Gold
JAG Jaguar Mining Inc. Basic Materials Gold
XRA Exeter Resource Corporation Basic Materials Gold
BRD Brigus Gold Corp Basic Materials Gold
CGR Claude Resources, Inc. Basic Materials Gold
MDW Midway Gold Corp. Basic Materials Gold
RIC Richmont Mines Inc. Basic Materials Gold
EGI Entree Gold Inc. Basic Materials Gold
VGZ Vista Gold Corp. Basic Materials Gold
DROOY DRDGOLD Ltd. Basic Materials Gold
GRZ Gold Reserve Inc. Basic Materials Gold
KBX Kimber Resources Inc. Basic Materials Gold
XPL Solitario Exploration & Royalty Corp. Basic Materials Gold
KGJI Kingold Jewelry, Inc. Basic Materials Gold
MGH Minco Gold Corporation Basic Materials Gold
LODE Comstock Mining, Inc. Basic Materials Gold
CTHR Charles & Colvard Ltd. Basic Materials Gold

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