Today on Stockhouse
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Matt Badiali of Growth Stock Wire offers advice on the best place to speculate on a huge gold discovery.
While Clif Droke describes how silver is stealing some thunder from gold.
Top Bullboards post: “In his Q2 2010 market comments, Charles Oliver from Sprott Gold and Precious Minerals Fund mentioned, that they continued increasing their position in Sandspring. After the release of the increased resource numbers this morning, I would like to note that Sprott is a heavy buyer. At this price level, Sprott still sees Sandspring as a bargain.” From DNRman on the Sandspring Resources (TSX: V.SSP, Stock Forum) board.
Top Bullboard:First Gold Exploration (TSX: V.EFG, Stock Forum) received the second-most reads and posts on a day its stock price popped more than 14%.
Top blog:littleguy123 describes how new supply is flooding the U.S. housing market in the Outside the Market blog.
For news about small stocks that made big moves in Thursday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"In a world where there's no clear direction, technicals have more influence on trading," said Brett Gallagher, deputy chief investment officer at Artio Global Investors, in an interview with Associated Press.
Today In The Markets
TSX closes with small gain as strong gold stocks outweigh energy weakness
|
| DJIA |
10,594.83 |
+22.10 |
 |
|
| NASDAQ |
2,303.25 |
+1.93 |
|
|
| S&P500 |
1,124.66 |
-0.41 |
 |
|
| S&P/TSX |
12,173.35 |
+28.51 |
|
|
| S&P/TSX Venture |
1,650.34 |
+20.10 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed slightly ahead Thursday after wobbling between positive and negative territory for most of the day as higher gold stocks competed with weakness in the financial and energy sectors.
The S&P/TSX composite index was up 28.51 points at 12,173.35, while the TSX Venture Exchange gained 20.10 points to 1,650.34.
On Wall Street, the Dow Jones industrial average gained 22.10 points to 10,594.83. The Nasdaq composite index was up 1.93 points at 2,303.25, while the S&P 500 lost 0.41 of a point to 1,124.66.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Research In Motion Ltd. (NASDAQ: RIMM, Stock Forum)
Research In Motion Ltd., reported second quarter results for the three months ended August 28, 2010 (all figures in U.S. dollars and U.S. GAAP). Revenue for the second quarter was $4.62 billion, up 31% from $3.53 billion in the same quarter of last year. Net income for the quarter was $796.7 million, or $1.46 per share diluted, compared with $475.6 million, or $0.83 per share diluted, in the same quarter last year.
Castle Resources Inc. (TSX: V.CRI, Stock Forum)
Castle Resources Inc. said it plans to raise up to $10 million from a brokered private placement of securities led by Scotia Capital Inc. and including D & D Securities Inc. The offering has not yet been priced. The net proceeds from the sale of the securities will be used for exploration and development of the Granduc Copper property located near Stewart, British Columbia, exploration and development of the Elmtree Gold property in New Brunswick and for general working capital purposes.