Stockhouse @ the Bell: Stocks get commodities lift

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.

Nick Barisheff debates gold versus fiat currency, discussing which has prevailed after 40 years.

Peter Kennedy reports on how PFN is eyeing PGMs near its Sudbury camp in his Stockhouse Movers & Shakers column.

Top Bullboards post: “I'm trying to understand the same thing. A good friend of mine is an equity analyst and worked previously in the mining sector. As a rule of thumb he indicated that claims bearing 1-1.5 g/t are getting a good look these days for strip (i.e. surface) mines and anything over 3 g/t for deep mines. With gold at 1800+ per ounce even marginal plays are worth a lot of money whereas 15 years ago when gold was $300 you needed 8-10 g/t plus lots of copper or other minerals to make it work from a cost perspective. The results seem to average a little over 7 g/t with strong results close to the surface so this should bode well. The issue here is that they have only looked at a very small piece of the property so if they happened to hit on the richest part with this drilling campaign, overall this may not be as big they (and we for that matter) would like. The fact that this is so closely held and they have good cash on hand (the stock is trading just over liquidation value) makes me feel comfortable that this level of .30 -.36 is sustainable for the next few months and we should see a nice pop again with the next results if they support the current findings.” From Habs33 on the Tawsho Mining (TSX: V.TAW, Stock Forum) board.

Top Bullboard:Sino-Forest (TSX: T.TRE, Stock Forum) received the most reads and posts on a day its share price fell 10%.

Top blog: 2fast4you describes why silver shows no signs of stopping in the Sweet on Coal, Silver, Potash & Gold blog.

For news about small stocks that made big moves in Tuesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.

Word on Wall Street

"It’s very hard for investors to not surrender to becoming traders, to hear the ‘stay the course’ story,” said Sandy Lincoln, chief market strategist at BMO Asset Management U.S, in an interview with MarketWatch. “With all this volatility, you have to wonder how much is hedge-fund related or high-frequency trading related.”

Today In The Markets

TSX surges amid positive Chinese data, strong Bank of Montreal results

DJIA	11,176.76	+322.10
NASDAQ	2,446.06	+100.68
S&P500	1,162.35	+38.53
S&P/TSX	12,338.33	+269.97
S&P/TSX Venture	1,760.87	-5.89

(The Canadian Press) TORONTO - The Toronto stock market jumped more than 250 points Tuesday as commodity stocks got a lift from data showing China's manufacturing sector slowing less than thought while financials advanced following a strong earnings report from Bank of Montreal.

The S&P/TSX composite index surged 269.97 points to 12,338.33, with the market held back by the gold sector as bullion prices retreated after a string of record-high closes that took the precious metal to within a few dollars of the US$1,900 an ounce mark.

The TSX Venture Exchange dipped 5.89 points to 1,760.87.

The Dow industrials jumped 322.11 points to 11,176.76 as a string of steep losses persuaded bargain hunters to pick up cheaper stocks.

It dipped about 60 points shortly after an earthquake centred in Virginia struck in the early afternoon, but recovered those losses within minutes.

The Nasdaq composite index shot up 100.68 points to 2,446.06 while the S&P 500 index edged up 38.53 points to 1,162.35.

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

After-Hours News

STILLWATER MINING CO. (NYSE: SWC, Stock Forum) announced today a reorganization of responsibilities within its management team.

Mr. Terry Ackerman will transition from his current role as Vice President of East Boulder Operations to the newly created position of Vice President of Projects. In this role, Mr. Ackerman will oversee the existing Marathon Project in Ontario, Canada and, following the closing of the Peregrine Metals acquisition, the Altar Project in the San Juan province of Argentina. Mr. Stan Emms, the General Manager for the Marathon Project, will report to Mr. Ackerman. Mr. Ackerman has extensive knowledge of both projects and a strong background in mine planning and copper operations. Mr. Ackerman will be based at the corporate headquarters in Billings, Montana.

Mr. Kevin Shiell, will assume responsibility for operations at the Company's East Boulder Mine in addition to his current responsibilities as Vice President for Operations at the Company's Stillwater Mine. Mr. Shiell has served as General Manager of the East Boulder Mine in the past and is well acquainted with the operation.

These changes are effective immediately.

Dundee Precious Metals Inc. (NYSE: SWC, Stock Forum) announced that it has received notice from Dunav Resources Ltd. (TSX: V.DNV, Stock Forum) of its decision to exercise its option to acquire from DPM a 100% interest in certain mineral projects in Serbia. In exchange for the Projects, DPM will acquire 47.5% of the issued and outstanding common shares of Dunav and warrants to purchase an additional 36,790,009 Dunav common shares.

On closing, on or about September 1, 2011, DPM will hold 47,257,922 common shares, representing a 47.5% interest in Dunav, on an undiluted basis, and 36,790,009 Warrants.