Today on Stockhouse
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Ticker Trax’s Thom Calandra reveals his top guns amongst the gold and silver juniors.
This as Matt Badiali of Growth Stock Wire believes a frenzy is building in these energy stocks.
Top Bullboards post: “Everything in order, road block gone, mine in operation, costs cut, silver over $19, and gold at record highs. 411% increase in reserves supports a tenfold increase in tonnage with a yearly output of silver which would make our mine one of the largest silver mines. Huge exploration potential (39,714 hectares with seven historic mining centres). Our last drilling campaign produced excellent results and we plan to resume exploration again), and strategic developments expected in the near future.” From Sir_Holler on the Genco Resources (TSX: T.GGC, Stock Forum) board.
Top Bullboard: Vast Exploration (TSX: V.VST, Stock Forum) received the second-most reads and posts.
Top blog:adora wonders if this gold junior is another Ventana in the Gold & Silver Stocks blog.
For news about small stocks that made big moves in Friday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"I don't know that we're totally through the correction," said Stu Schweitzer, global markets strategist at J.P. Morgan's Private Bank in an interview with Associated Press. "I do expect markets to remain quite volatile all through the rest of this year but I still expect that we're going to end the year higher."
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| CKE Restaurants (NYSE: CKR) |
Q1 |
$0.19 vs. $0.26 |
|
| Herman Miller (NASDAQ: MLHR) |
Q4 |
$0.18 vs. $0.20 |
|
| Palm, Inc. (NASDAQ: PALM) |
Q4 |
$ - 0.68 vs. $ - 0.40 |
|
| Sonic Corp. (NASDAQ: SONC) |
Q3 |
$0.21 vs. $0.24 |
|
|
Today In The Markets
Economic worries push Toronto stock market lower; gold closes at record high
|
| DJIA |
10,450.64 |
+16.47 |
 |
|
| NASDAQ |
2,309.80 |
+2.64 |
 |
|
| S&P500 |
1,117.51 |
+1.47 |
|
|
| S&P/TSX |
11,927.59 |
-18.38 |
 |
|
| S&P/TSX Venture |
1,488.18 |
+6.80 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market drifted to a lower close as a late-day wave of pessimism about economic prospects trumped gains from the gold sector as bullion prices advanced to another record high.
The S&P/TSX composite index moved down 18.38 points to 11,927.59.
The TSX Venture Exchange climbed 6.8 points to 1,488.18 as investors shunning risk and looking to hedge against inflation pushed the August bullion contract in New York up $9.60 to a record high close of US$1,258.30 an ounce.
Oil climbed 39 cents to US$77.18 a barrel, while the Canadian dollar rose 0.55 of a cent to 97.92 cents US.
New York indexes were also weak as the Dow Jones industrial average rose just 16.47 points to 10,450.64.
The Nasdaq composite index was up 2.64 points at 2,309.8 while the S&P 500 index rose 1.47 points to 1,117.51.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Anaconda Mining Inc. (TSX: T.ANX, Stock Forum)
Anaconda Mining Inc. is pleased to announce that Navina Asset Management endorses Anaconda's bid for New Island Resources(TSX: V.NIS, Stock Forum). Anaconda has previously said the transaction will allow shareholders to benefit from a ramp up in production at the Pine Cove gold mine, near Baie Verte, Newfoundland.
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