Today on Stockhouse
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Get the facts on gold investing including eight exclusive feature stories in the Stockhouse North American Gold Report
Thom Calandra reports on why one geologist believes there are vast gains ahead for junior miners.
This as Peter Kennedy reveals Rick Rule's guide to snagging 10 baggers in his Stockhouse Movers & Shakers column.
Top Bullboards post: “Robin did an excellent job with his technical presentation yesterday of the two projects. NICO and Klappan. To cut to the chase. We will be hearing very, very soon about our new partner for Mt. Klappan. Should be a nice chunk of change coming along with this deal. No shareholder vote will be required on the deal. We can expect a possible second partner in the mix after this deal is announced. NICO is moving nicely through the permitting stage. Saskatoon will be permitted before NICO. We will have a minority partner in NICO too. I expect the Chinese. They want the cobalt. Everyone at Fortune had huge smiles on their faces. No one could talk specifics.” From Jim1712 on the Fortune Minerals (TSX: T.FT, Stock Forum) board.
Top Bullboard:Intertainment Media (TSX: V.INT, Stock Forum) received the most posts and the second-most reads.
Top blog: 2fast4you posted an article suggesting silver in China could turn out to be the new gold in the Sweet on Coal, Silver, Potash & Gold 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
"Anyone selling shares today has to be pricing in a recession," said Jack Ablin, chief investment officer at Harris Private Bank, in an interview with Associated Press. "Investors have been waking up on the wrong side of the bed for the last month, so no news is bad news."
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Casey's General Stores (NASDAQ: CASY) |
Q4 |
$0.50 vs. $0.51 |
|
| Korn/Ferry International (NYSE: KFY) |
Q4 |
|
|
| Majesco Entertainment Co. (NASDAQ: COOL) |
Q2 |
$0.07 vs. $ - 0.03 |
|
| Motorcar Parts of America (NASDAQ: MPAA) |
Q4 |
$0.25 vs. $0.24 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Endeavour Mining (TSX: T.EDV) |
Q3 |
$0.03 vs. N/A |
|
| Ram Power ( TSX: T.RPG) |
Q1 |
$ - 0.04 vs. $ - 0.03 |
|
Today In The Markets
Concerns about faltering economic recovery send stock markets tumbling
|
| DJIA |
11,951.91 |
-172.45 |
 |
|
| NASDAQ |
2,643.73 |
-41.14 |
|
|
| S&P500 |
1,270.98 |
-18.02 |
|
|
| S&P/TSX |
13,084.00 |
-171.74 |
|
|
| S&P/TSX Venture |
1,934.93 |
-23.64 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market closed sharply lower Friday at the end of another negative week as rising worries about slowing economic conditions pushed stocks lower across most sectors.
The S&P /TSX composite index tumbled 171.74 points to 13,084, while the TSX Venture Exchange was off 23.65 points at 1,934.93.
New York markets were also sharply lower with the Dow Jones industrial average 172.45 points lower at 11,951.91.
The Nasdaq composite index lost 41.14 points to 2,643.73 while the S&P 500 index gave back 18.02 points to 1,270.98.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Guerrero Exploration Inc. (TSX: V.GEX, Stock Forum)
Guerrero Exploration Inc. announces that it has amended the terms of its previously announced (May 4, 2011) financing such that it will now undertake a non-brokered private placement of up to $500,000 through the sale of 2,500,000 units ("Units") at $0.20 each. Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable for 18 months from closing at an exercise price of $0.30 per common share, subject to acceleration of the expiry date at the Corporation's option if the shares of the Corporation trade at $0.60 for 10 consecutive days. The corporation plans to use the proceeds from these financings for general working capital and exploration