Stockhouse @ the Bell:Stocks up as dollar weakens

Today on Stockhouse

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John Doody of DailyWealth explains why the best gold indicator around still says "buy gold."

And, Richard (Rick) Mills argues that many junior copper stocks are a bargain.

Top Bullboards post: “Yes. At an average price of molybdenum over the life of the mine of about $15.76, our net present value, discounted at 8% and after tax, is US$550 million. The discounted net present value of the project represents value of over $1.60 per issued share of Avanti. During this feasibility that we are engaged in now, we expect to increase that by a couple of optimizations. One is an alternate tailings dam site; two is to assure the engineer that we can recover the silver and lead as byproducts; and the third thing is to look at potentially roasting the sulfide ourselves, rather than having to pay roasters offshore. That could easily add over $100 million in value to the NPV.” From AuDust on the Avanti Mining (TSX: V.AVT, Stock Forum) board.

Top Bullboard: Vast Exploration (TSX: V.VST, Stock Forum) received the second-most posts and the third-most reads.

Top blog: Diopside writes about a diamond junior, which the blogger claims had the dimensions of three kimberlite bodies that were expanded beyond those expected by the previous models in the KIM Report 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

"The promise of QE2 has put downward pressure on the dollar and put downward pressure on interest rates," said Hugh Johnson, chief investment officer of Hugh Johnson Advisors, in an interview with MarketWatch. That's "about as good a combination as you could ask for for the U.S. economy and earnings," he said.

Today In The Markets

G20 vow to avoid currency war boosts stocks; U.S. dollar weakness lifts loonie

DJIA	11,164.05	+31.49
NASDAQ	2,490.85	+11.46
S&P500	1,185.62	+2.54
S&P/TSX	12,663.58	+62.40
S&P/TSX Venture	1,900.53	+22.30

(The Canadian Press) TORONTO-NEW YORK - Stronger resource stocks helped push the Toronto stock market higher Monday as a further weakening of the U.S. dollar in the wake of last weekend's meeting of G20 finance ministers pushed commodities higher.

The S&P/TSX composite index closed up 62.4 points at 12,663.58, while the TSX Venture Exchange was up 22.3 points at 1,900.53.

New York markets also closed higher but well off early levels.

The Dow Jones industrials, up as much as 115 points early in the session, closed 31.49 points higher at 11,164.05 with weakness coming from the financial sector as questions continued regarding the foreclosure practices of major banks.

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

After-Hours News

Amgen Inc. (Nasdaq: AMGN, Stock Forum) reported its financial results for the third quarter ended September 30, 2010. The company said revenue was unchanged in the quarter at $3.8 billion in comparison to the year earlier period. Net income in the quarter was down to $1.24 billion from $1.3 billion a year earlier. In the 2010 third quarter GAAP earnings per share decreased 6 per cent to $1.28 from $1.36 a year earlier.

Trade Winds Ventures Inc. (TSX: V.TWD, Stock Forum)said it has entered into an agreement with Desjardins Securities Inc. for the purchase, on a bought deal basis, of 8.1 million flow-through common shares at a price of $0.31 per flow-through common share, for gross proceeds of $2.5 million. The net proceeds from the offering will be used for eligible exploration expenditures on the company's Block A JV and their GoWest project in northeastern Ontario,