Today on Stockhouse
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Jeff Clark of Growth Stock Wire explains why it could be your last chance to buy gold.
And, Richard (Rick) Mills examines one junior’s Santiago and Moris gold exploration projects in Mexico.
Top Bullboards post: “Don't forget FDC is in the best area in the world to get uranium, Athabasca (neighbourhood of HAT also in JV), and also North Thelon for uranium. For FDC the first importance is uranium then REE second. But thing could change to get both on the main importance for FDC!!!” From Clint007 on the Forum Uranium (TSX: V.FDC, Stock Forum) board.
Top Bullboard: Passport Potash (TSX: V.PPI, Stock Forum) received the second-most reads and posts.
Top blog: ghost11 revisits the blogger’s gold price forecast in the GHOST TRADER2 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
“The economic data stream continues to perform much better than expected,” said Art Hogan, chief market strategist at Jefferies & Co., in an interview with MarketWatch.
Today In The Markets
Toronto stock market regains lost ground as oil surges, loonie soars
|
| DJIA |
11,187.28 |
+150.91 |
 |
|
| NASDAQ |
2,543.12 |
+48.17 |
|
|
| S&P500 |
1,198.35 |
+17.62 |
|
|
| S&P/TSX |
12,901.99 |
+108.24 |
 |
|
| S&P/TSX Venture |
2,023.58 |
+22.06 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market regained much of the ground it lost earlier this week on surging oil and commodity prices as investors grew slightly more confident about the global economy.
The S&P/TSX composite index gained 108.24 points to 12,901.99 and the Canadian dollar climbed 1.16 cents to 98.90 cents US.
Oil was up $2.61 at US$83.86 a barrel after a series of upbeat U.S. economic reports bolstered oil traders' hopes for an improving economy.
Investors moved out of safe havens like gold and the U.S. dollar to make riskier investments as details emerged on a bailout for Ireland, while there were no reports of escalating tensions in the Koreas.
After a boost in U.S. markets on improved sentiment, activity will slow over the next few days as traders shut up shop ahead of the U.S. Thanksgiving break.
The Dow Jones industrial average closed 150.91 points higher at 1,1187.28 and the Nasdaq was up 48.17 points to 2,543.12. The S&P 500 was up 17.62 points to 1,198.35.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Globus Maritime Ltd. (NASDAQ: GLBS, Stock Forum)
Globus Maritime Ltd., a dry bulk vessel owner/operator, said the company domesticated today from Jersey, Channel Islands, into the Republic of the Marshall Islands. As a result of the domestication, each of the Company's ordinary shares of the Jersey entity has become, by operation of law, a common share of the Marshall Islands entity. Any shareholder that holds a share certificate of the Company is encouraged to return the share certificate to the Company.
Uragold Bay Resources Inc. (TSX: V.UBR, Stock Forum)
Uragold Bay Resources Inc., is pleased to announce that its board of directors has approved the issuance of 2,600,000 common shares at the deemed price $ 0.05 per share, to settle outstanding debt of $ 130,000 due for rendered services by 2 different creditors that are service providers to the Corporation. This settlement is subject to the approval of the TSX-Venture Exchange.