Today on Stockhouse
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Dr. Steve Sjuggerud looks at how gold prices are tied to real interest rates.
Mary Anne & Pamela Aden say bull market for gold remains strong.
Stephen Saville says we can still profit from stupid policy decisions
Top Bullboards post: With Arise Technologies Corp. shares rising 27%, Bullboards discussed the reasons for the increase. GreenGenie suggested it may have completed its drawdown. “After rereading the NR re: the 10th drawdown, I noticed this: "As of today ARISE has also issued a subsequent drawdown notice under thefacility in respect of a drawdown of $130,000.Closing of this drawdown is to be completed on or about April 30, 2010. This will complete the initial tranche of the Committed Equity Facility."
“So, it's possible that the drawdown closed earlier today, or even yesterday.”
Top Bullboard: Arise Technologies (TSX: T.APV, Stock Forum) was the top bullboard on a day when its shares rose 27%.
Top blog: Jackp27 blogs on the testimony of the Goldman Sachs executives who appeared before a U.S. Senate investigations committee on his A new York Nickel: Day One blog.
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
"When you get some of these negative headlines, you will get a short-term negative pullback," said Brett D'Arcy, chief investment officer at CBIZ Wealth Management Group in San Diego in an interview with Associated Press.
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Agnico-Eagle Mines Ltd. (NYSE: AEM) |
Q1 |
$0.29 vs $0.13 |
|
| Apache Corp. (NYSE: APA) |
Q1 |
$2.24 vs $0.65 |
|
| Check Point Software Technologies Ltd. (NASDAQ: CHKP) |
Q1 |
$0.55 vs $0.48 |
|
| Exelon Corp. (NYSE: EXC) |
Q1 |
$0.90 vs $1.20 |
|
| Patriot Coal Corp. (NYSE: PCX) |
Q1 |
-$0.25 vs -$0.38 |
|
| Taser International Inc. (NASDAQ: TASR) |
Q1 |
$0.00 vs -$0.01 |
|
| Selected expected Canadian earnings releases for Thusday |
| (Consensus Estimates vs. Last Year) |
|
| Canadian Oil Sands (TSX: T.COS.UN) |
Q1 |
$0.30 vs $0.09 |
|
| Canfor Corp. (TSX: T.CFP) |
Q1 |
$0.01 vs -$0.55 |
|
| Imperial Oil Ltd. (TSX: T.IMO) |
Q1 |
N/A vs $0.33 |
|
| Lundin Mining Ltd. (TSX: T.LUN) |
Q1 |
US$0.12 vs –US$0.02 |
|
| Potash Corp. (TSX: T.POT) |
Q1 |
US$1.29 vs $1.02 |
|
Today In The Markets
TSX posts another loss on European credit woes; dollar regains ground
|
| DJIA |
11,045.27 |
+53.28 |
 |
|
| NASDAQ |
2,471.73 |
+0.26 |
|
|
| S&P500 |
1,191.36 |
+7.65 |
|
|
| S&P/TSX |
12,076.89 |
-69.85 |
 |
|
| S&P/TSX Venture |
1,660.35 |
+1.86 |
|
|
Toronto & New York (the Canadian Press) - The Toronto stock market closed lower as Europe's debt crisis spread to Spain, which had its credit rating downgraded one day after Greece's rating was lowered to junk status.
The S&P/TSX composite index lost 69.85 points to 12,076.89 following a triple-digit loss the previous session.
The Canadian dollar added 0.86 of a cent to 99.13 cents US, regaining some of the ground lost in a 1.59-cent plunge Tuesday.
On Wall Street, markets climbed after the U.S. Federal Reserve said it would hold interest rates at record lows for an extended period.
The Dow Jones industrial average added 53.28 points to 11,045.27 while the Nasdaq edged up 0.26 point to 2,471.73.
The June crude contract on the New York Mercantile Exchange gained 78 cents to US$83.22 a barrel, while the bullion contract added $9.60 to US$1,171.80 an ounce.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Hewlett-Packard Co (NYSE: HPQ, Stock Forum)
Hewlett-Packard Cosaid it has struck a deal to buy Palm Inc (NASDAQ: PALM, Stock Forum) for $1.2 billion. HP is offering a 23% premium to expand into the smartphone market.
Yukon-Nevada Gold Corp. (TSX: T.YNG, Stock Forum)
Yukon-Nevada Gold Corp. said it has arranged a $10 million brokered flow-through private placement. "This will enable us to continue exploration at the Ketza River project in the Yukon,” said Yukon-Nevada Gold's President and Chief Executive Officer, Robert Baldock.