Today on Stockhouse
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ThomWatch contends that quant easing will be a boost for the gold price.
This as Dr. Joe Duarte believes the stage is set for a powerful year-end stock rally.
And, new contributor Richard Reinhard writes about a junior miner stock he thinks is worth the risk.
Top Bullboards post:“Now holding out on this news at the last minute is just plain Manipulation and smacking the honest investor in the KISSER at the last minute. Just when one wonders when investing in the market is really an honest man’s game. Someone should be held accountable,” from yahearmeon the BCE board.
Top Bullboard: BCE Inc. (TSX: T.BCE) temporarily displaces Oilexco with the most reads today.
Top blog:Banffstockerwonders if there’s deception involved in the recent commodities sell off.
For news about small stocks that made big moves in Wednesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"Sentiment has turned slightly more positive over the past few days with some of the government packages in the U.S. and the stimulus programs that have been announced," said Michael Sheldon, chief market strategist at RDM Financial Group, in an interview with Associated Press. "That might help turn the tide."
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| eLong Inc. (NASDAQ: LONG) |
Q3 |
$ - 0.08 vs. $ - 0.01 |
|
After-Hours News
Sterling Resources (TSX: V.SLG)
After Wednesday's close, the oil and gas explorer announced approval by the Government of Romania of the 11th Amendment to the Exploration and Production Sharing Agreement for Blocks XIII Pelican and XV Midia located in the Romanian Black Sea. This Amendment converts the original Exploration and Production Sharing Agreement to conform with Romania's tax and royalty structure as contained in other recent petroleum agreements.
Today In The Markets
Commodity stocks take TSX higher, BCE shares plunge as buyout in big trouble
|
| DJIA |
8,726.61 |
247.14 |
 |
|
| NASDAQ |
1,532.10 |
67.37 |
|
|
| S&P500 |
887.68 |
30.29 |
|
|
| S&P/TSX |
8,643.52 |
200.66 |
|
|
| S&P/TSX Venture |
731.39 |
11.43 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock market surged 200 points Wednesday thanks to substantial runups in energy and base metals stocks, but gains would have been much higher if not for a big drop in BCE Inc. (TSX: T.BCE) shares on word its buyout is in serious trouble.
Toronto's S&P/TSX composite index gained 200.66 points to 8,643.52. The TSX Venture Exchange moved up 11.43 points to 731.39. The Canadian dollar declined 0.34 cent at 81.29 cents US.
New York's Dow Jones industrial average moved up 247.14 points to 8,726.61 netting just over 1,400 points since last Thursday. The Nasdaq composite closed ahead 67.37 points at 1,532.1 while the S&P 500 moved up 30.29 points to 887.68.
Please click here for the complete U.S. and Canadian market summaries.