Stockhouse @ the Bell: U.S. stocks up on blue chips

Today on Stockhouse

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Jeff Clark of Casey Research interviews Frank Holmes, who talks gold stocks, precious metals price projections.

Top Bullboards post: “The two points that I think are important now are that: 1.) This news finally gives us visibility with a large number of investors, who are now introduced to the Bard story. That is what we have lacked in the past, and what could never be accomplished by a small PR firm or presentations to trade shows by the CEO, etc. Our share price has remained well below reasonable values, because we did not have the broad following, that got us on enough radar screens to drive the stock price. There will now be a growing number of investors who will be looking for an entry point, after waking up to a 100% move in one day to .20 cents, and wanted to see the dust clear before getting in. This seems to me to be a very significant step in moving us to the next level, and one that should not be overlooked. 2.) In my view, the results of this year's drill program have a much greater chance of moving the share price substantially than this PEA, since I think management's stated goal of trying to double the MO resource, with this years drill program seems realistic. The PEA is very important, but if the resource can be doubled, it would not only have a huge impact on present value, but it would reinforce the premise that Lone Pine is one huge deposit, with multiple open pit ore bodies. My earlier post described the specifics of why I think the drilling in areas 61 is following up on strong results from last year, so the chances of good drill results this year are much higher, than the more or less "blind" exploration of last year's program. In addition, the supplemental 43-101 estimate at the end of this year, will also include the Ag and Re credits, which may be very significant. The other thing to keep in mind, is that the intercepts in area 61 are much shallower, so the economics of any addition to the resource in that area are likely to even more favorable than the PEA calculations as to the Alaskit zone, where the higher grades are deeper.” From birdman2 on the Bard Ventures (TSX: V.CBS, Stock Forum) board.

Top Bullboard:Bard Ventures (TSX: V.CBS, Stock Forum) received the second-most reads and posts.

Top blog: YeOldGoldNugget is bullish on this silver junior for the long haul in the TradersBonanza 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

“Nobody who’s paying attention would expect the old Countrywide portion of Bank of America to have any positive information to present, and that’s where the problems really are,” said Jamie Cox, managing partner of Harris Financial Group, in an interview with MarketWatch.

Today In The Markets

Techs, miners push TSX lower despite solid General Electric earnings

DJIA	11,871.84	+49.04
NASDAQ	2,689.54	-14.75
S&P500	1,283.35	+3.09
S&P/TSX	13,258.57	-72.75
S&P/TSX Venture	2,265.58	+17.90

Toronto & New York (The Canadian Press) - The Toronto stock market closed lower Friday despite a solid earnings report from General Electric which made investors feel somewhat better about the U.S. economy.

The S&P/TSX composite index lost 72.75 points to 13,258.57, led by losses in the tech sector following an earnings report from U.S. computer chipmaker Advanced Micro Devices that beat analyst forecasts but still disappointed investors.

Meanwhile, mining stocks continued to back off on worries about a slowing Chinese economy.

The TSX Venture Exchange rose 17.9 points to 2,265.58.

New York markets were mainly higher with the Dow Jones industrial average up 49.04 points at 11,871.84.

The AMD report helped push the Nasdaq composite index down 14.75 points to 2,689.54 while the S&P 500 index climbed 3.09 points to 1,283.35.

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

After-Hours News

Indicator Minerals Inc. (TSX: V.IME, Stock Forum)
Indicator Minerals Inc. today announced that it intends to complete a non-brokered private placement of up to $1,000,000, comprised of units at a price of $0.18 per unit. The terms and completion of the private placement are subject to TSX Venture Exchange approval. Each unit will consist of one common share and one common share purchase warrant. Each common share purchase warrant will be exercisable into one common share for a period of 24 months from closing at a price of $0.27 per share.