Honda Motors (NYSE: HMC) and Olympus Pacific Minerals (TSE: OLYMF) popped up on our chart scan today. Honda Motors features a spectacular looking short and long term chart. Breaking above its $37.25 neckline recently, the stock looks poised to move higher. Olympus Pacific Minerals is a micro-cap gold mining stock forming an ascending triangle. The stock represents an outstanding speculative gold investment for 2011.

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.

Today’s chart scan shows the fall of the US Dollar (USD) and Exxon Mobil (XOM). The US Dollar has been in a 4-month decline with quantitative easing taking place. The USD is approaching a major long term support trendline. Exxon mobile (XOM) has been in a downtrend despite crude oil strengthening. It recently touched a key resistance trendline.

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.

The term “blue skies breakout” applies to any stock moving above all existing resistance levels. Many large cap gold mining stocks exhibit charts nearing all time highs. These stocks provide modest dividends of around one-percent, but you can reasonably expect future dividend hikes as mining profits increase.

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.

If you believe the United States will be an inflationary environment over the next five years you have to believe in a major bullish move for precious metals like gold and silver. If you go one step further you will realize just how lucrative micro-cap gold and silver miners are. Rising profit margins can propel [...]

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.