#Canada Positioned for Catch-Up to World Markets as #TSX seen breaking out to new all time highs $TSX

#TSX Composite: Breaking Above Key Resistance

 

-          The TSX Composite is breaking above the February downtrend and reclaiming the 200-day moving average.

-          The move confirms the bullish divergence in momentum indicators since June and marks the end to the recent correction.

-          Initial upside measures back to the 2017 highs.

 

#VIX - Volatility Index - Just another warning of things to come

The attached long term chart of the Volatility Index tells it all. It has touched the lowest level in history. What comes after is always the same thing, however, remember this is a long term chart.

 

The daily chart (attachment 2) shows how fast this index can move from one day to another

#Gold Stocks: Focus on Leadership

Focus on Leadership Within the Gold Industry from Paradigm Capital 

Highlighting leadership names within the gold industry. Common characteristics include price above the 200-day moving average, relative uptrend versus the TSX Global Gold Index, and 50-day moving average > 200-day moving average. With Gold coming into converging resistance along the 2017 highs and 2011 downtrend, we continue to recommend sticking with leadership names.

 

 

Intermediate Producers:

-          Agnico-Eagle Mines Ltd.

-          Centerra Gold Corp.

-          IAMGold Corp.

-          Kirkland Lake Gold Ltd.

-          OceanaGold Corp.

 

Junior Producers:

-          Alio Gold Inc.

-          Wesdome Gold Mines Ltd.

 

Royalty Co's:

-          Franco-Nevada Corp.

-          Aurico Metals Inc.

 

Developers:

-          Sabina Gold & Silver Corp.

-          Victoria Gold Corp.

 

 

 

Agnico-Eagle Mines Ltd.:

 

 

 

 

Centerra Gold Inc.:

 

 

 

 

IAMGold Corp.:

 

 

 

 

Kirkland Lake Gold Ltd.:

 

 

 

 

OceanaGold Corp.:

 

 

 

 

Alio Gold Inc.:

 

 

 

 

Wesdome Gold Mines Ltd.:

 

 

 

 

Franco-Nevada Corp.:

 

 

 

 

AuRico Metals Inc.:

 

 

 

 

Sabina Gold & Silver Corp.:

 

 

 

 

Victoria Gold Corp.: