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Today on Stockhouse

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The Gold Report interviews a consultant, who asserts that a North American rare earth supply is a must.

This as Sy Harding believes it pays to be a gold trader.

And Ticker Trax has moved from Colombia to Peru where Thom Calandra scouts some silver stocks.

Top Bullboards post: 44Dave44 advised others on the Canacol Energy (TSX: V.CNE, Stock Forum) Bullboard: “Well now, that is just plain silly. The number of shares outstanding has no impact on the value of the company. Look at the market cap. of the company when investing, if the assets and potential growth are higher than the market cap., it is likely a buy. In this case CNE has a market cap. of $150 million, peanuts compared to GTE another Columbia company I bought when it was cheap like CNE. The market cap. divided by the number of shares outstanding gives the price. Had the number of shares been lower, of course the price would be higher and move fast on a small discovery, but, you also would have had to pay more for the shares in the first place. CNE has what is shaping up to be a good discovery and if you give a value of $50 million per 1000 BOE/day, then the current hole plus other assets easily equals the current market cap. with lots of upside based on future holes. Patience is all that is needed. Personally, I like the fact that the stock did not spike up, it is allowing me to buy more shares cheap, and I will hold them for the follow up drilling. These two new producing locations in the hole could be mighty big, even with only a 25% interest.”

Top Bullboard: Victory Nickel (TSX: T.NI, Stock Forum) received the most posts and reads on a day its shares were slammed 23%.

Top blog: littleguy123 advises investors to stay focused on the gold/oil price ratio in his Outside the Market blog.

For news about small stocks that made big moves in Monday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.

Word on Wall Street

"Most people, for the most part, have wrapped up the year," said Blaze Tankersley, chief market strategist at brokerage Bay Crest Partners, in an interview with Associated Press. "It's a do-nothing, go nowhere market."

Today In The Markets

Following ExxonMobil deal, energy stock speculation drives market gains

DJIA	10,501.05	+29.55
NASDAQ	2,212.10	+21.79
S&P500	1,114.11	+7.70
S&P/TSX	11,545.69	+121.76
S&P/TSX Venture	1,425.08	+7.97

Toronto & New York (The Canadian Press) - The Toronto Stock market was higher on Monday afternoon as investors priced in the value of Exxon Mobil's US$31-billion acquisition of U.S. oil and gas company XTO Energy Inc.

The S&P/TSX composite index was up 107 points to 11,530.93, with shares of nearly every major Canadian energy player higher.

On Wall Street, the Dow Jones industrial average moved up 27 points to 10,498. The Nasdaq composite index gained 19 points to 2,210 while the S&P 500 index climbed seven points to 1,113.

Please click here for the complete U.S. and Canadian market summaries.

After-Hours News

Rambus (NASDAQ: RMBS, Stock Forum)
The chip technology company reported that it had acquired Global Lighting Technologies in a deal valued at $26 million. GLT makes lighting technologies used for computing and consumer devices like high definition TVs and mobile phones.

Macusani Yellowcake (TSX: V.YEL, Stock Forum)
The company reported after the close that channel samples from underground audits at its Pinocho zone in the Kihitian Property in Peru showed what the company called “extensive high grade uranium.” The release stated that average values from the samples were 0.554% U3O8. The company has used the samples to determine its priority drilling targets.