Juniors Gain 2% This Week

U.S. Global Investors Weekly
"Gold futures surged late in the week as crude oil's rally to a fresh record high above $126 a barrel boosted the precious metal's appeal as an inflation hedge.

Junior mining and natural resource stocks represented by the S&P/TSX Venture Exchange gained roughly 2 percent this week as current market strength appears to be expanding into the small-cap arena...

Gold may rally further in the near term as the ratio of crude oil-to-gold has reached nearly three standard deviations from the typical trading relationship, possibly suggesting that gold may strengthen to catch up with oil." (5/16/08)

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