Endeavour Silver (AMEX: EXK) & Allied Nevada Gold (AMEX: ANV) are two mining stocks popping up on our radar. With gold and silver declining in recent trading, each of these stocks are approaching key support levels. Tim Geithner’s comments defending the US Dollar has weakened gold prices – giving precious metals a short term sale on gold and silver.

NovaGold Resources, Inc. (AMEX:NG), Silvercorp Metals (NYSE:SVM) and Endeavor Silver Corp(AMEX:EXK) are three mining stocks climbing the wall of worry. Even with the massive run in precious metals prices, these three stocks could double yet again before the next presidential election.

Compania de Minas Buenaventura (BVN) recently printed all time highs in share price. The foreign based company is headquartered in Lima, Peru and has assets all over the world. The company is strategically positioned to capitalize on future margin expansion through its gold and silver holdings.

Today’s scan includes Discover Financial (DFS) and Capital Gold Corp (CGC). Although Discover has a seemingly weak fundamental picture the chart seems to tell a different story. With the formation of an inverse head & shoulders pattern, DFS looks poised for a move. Capital Gold is a small gold mining stock in a hot sector. Recent candles suggest a run at a new 52-week high.

NovaGold owns 50% interest in two of the worlds largest underdeveloped copper-gold properties. With proven reserves of over 17 million ounces of gold and another 12.5 million ounces of measured and inferred reserves, NovaGold is extremely levered to the price of gold.

Today’s stock chart scans include casino stock Las Vegas Sands (LVS) and Barrick Gold Corp (ABX). With (8) trendline touches (LVS) displays a solid support trendline. While Barrick Gold is currently forming a long term triangle pattern nearing its apex on decreasing volume.

The recent 6-month run in the stock market has baby boomers and the collective investing community jumping for joy. Double digit gains approaching 50% for some investors and retirees have eased the pain temporarily.