Today on Stockhouse
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Jeff Clark of Casey Research provides a guide to what you need to know about buying silver today.
This as Richard (Rick) Mills explains why bullion coins beat numismatics.
Top Bullboards post: “There was a huge buzz around RG's booth, hung around for about an hour a lot of people seem very interested at the moment. Talked to Tom he expects big developments this year - he expects NG and Teck to probably come out with FS at the end of this month and NOT June. This news alone should push the stock to at a minimum double of what it is currently trading at. Also they had a copy of an article published in the Wall Street Journal regarding the news this week in relation to the B.C. government's survey study. This is very good as word of RG is finally hitting the streets, they are planning on ordering 10,000 copies of the article itself and distributing it to brokerages, investors you name it. Also from the impression I got from talking to Tom and a few other representatives it seems like NG will have no choice but to go through RG's property to drill, so some sort of agreement will likely be drawn up between the two companies in the near term. At .30 and a market cap of only $36 Million we are VERY VERY undervalued.” From amartino85 on the Romios Gold Resources (TSX: V.RG, Stock Forum).
Top Bullboard:Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog: littleguy123 makes a case for silver as ‘real’ money in Outside the Market blog.
For news about small stocks that made big moves in Monday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"The market is going to have to sort out what's fact and what's rumor," said Quincy Krosby, chief market strategist for Prudential Financial, in an interview with Associated Press. "They are saying, 'how high can the prices go, and more importantly for how long.'"
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| AeroVironment (NASDAQ: AVAV) |
Q3 |
$0.38 vs. $0.30 |
|
| Approach Resources (NASDAQ: AREX) |
Q4 |
$0.10 vs. $0.03 |
|
| Boston Beer Co. (NYSE: SAM) |
Q4 |
$0.90 vs. $0.52 |
|
| Finisar Corp. (NASDAQ: FNSR) |
Q3 |
$0.47 vs. $0.17 |
|
| Miller Industries (NYSE: MLR) |
Q4 |
$0.28 vs. $0.17 |
|
| TransAct Technologies (NASDAQ: TACT) |
Q4 |
$0.19 vs. $0.14 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Bank of Nova Scotia (TSX: T.BNS) |
Q1 |
$1.06 vs. $0.93 |
|
| Northgate Minerals (TSX: T.NGX) |
Q4 |
$0.07 vs. $0.10 |
|
| Uranium One (TSX: T.UUU) |
Q4 |
$0.04 vs. $ - 0.02 |
|
Today In The Markets
TSX tumbles amid volatile oil prices as Libyan fighting intensifies
|
| DJIA |
12,108.80 |
-61.08 |
 |
|
| NASDAQ |
2,742.28 |
-42.39 |
|
|
| S&P500 |
1,311.43 |
-9.72 |
|
|
| S&P/TSX |
14,140.89 |
-111.88 |
 |
|
| S&P/TSX Venture |
2,440.10+0.27 |
+29.01 |
 |
|
Toronto & New York (The Canadian Press) - The Toronto stock market closed sharply lower Monday, led by falling mining stocks as copper prices tumbled amid worries about how high oil prices will impact demand.
Energy stocks also backed off even as fighting in Libya continued to push oil prices higher.
The S&P /TSX composite index tumbled 160.42 points to 14,092.35 while the TSX Venture Exchange was 16.05 points lower at 2,423.78.
New York markets also turned lower amid worries of how surging oil prices could damage the economic recovery.
The Dow Jones industrials fell 79.85 points to 12,090.03.
The Nasdaq composite index was down 39.04 points at 2,745.63, and the S&P 500 index fell 11.02 points to 1,310.13.
Please click here for the complete U.S. and Canadian market summaries.