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 where the hottest resource money is.
Top Bullboards post: “I would disagree and say having a plan is a positive in itself. You may be upset at the past but hey gold was 500 dollars an ounce when they started. I imagine the economics may have changed for the positive since this mine actually operated at the 300 gold price in the 90's. The past is the past let it go you lost money and that is exploration. I like the plan going forward and will buy shares at the open to add to my position. A very active 4th quarter is also a positive that will also see exploration. Having a controlling shareholder who is very politically connected in Mexico is also in my view positive. I doubt the Copper Fox shareholders are disappointed in his dilutive financing several years ago take a look for yourself. In any event he is definitely locked in to see it through to production or a sale and I doubt a guy like this is looking to make a dime.” From fiverace on the Animas Resources (TSX: V.ANI, Stock Forum) board.
Top Bullboard:Copper Fox Metals (TSX: V.CUU, Stock Forum) received the most reads and the second-most posts.
Top blog: twebca believes cash is king for this coal junior in the Twebs Thoughts blog.
Word on Wall Street
"I think the bar for another round of quantitative easing, or something along those lines, is still fairly high," said Brad Sorensen, director of market and sector research with the Schwab Center for Financial Research, in an interview with CNNMoney. "If we get more bad numbers, that could change the story, but at this point, I don't expect we'll see any new Fed action at the next meeting."
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Continucare ( NYSE: CNU) |
Q4 |
$0.11 vs. $0.093 |
|
| Origin Agritech ( NASDAQ: SEED) |
Q3 |
$0.75 vs. $0.59 |
|
| Verint Systems ( NASDAQ: VRNT) |
Q2 |
$0.60 vs. $0.69 |
|
| Virco Manufacturing ( NASDAQ: VIRC) |
Q2 |
$0.29 vs. $ - 0.36 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| None expected ( ) |
|
|
|
Today In The Markets
Stock markets fall back as U.S. job creation hits the wall in August
|
| DJIA |
11,240.26 |
-253.31 |
 |
|
| NASDAQ |
2,480.33 |
-65.71 |
|
|
| S&P500 |
1,173.97 |
-30.45 |
|
|
| S&P/TSX |
12,602.41 |
-98.33 |
|
|
| S&P/TSX Venture |
1,810.36 |
-2.11 |
|
|
(The Canadian Press) TORONTO-NEW YORK - Stock markets retreated Friday after the United States posted zero job growth in August, increasing worries about the potential for another recession.
Toronto's S&P/TSX composite index fell 98.33 points to 12,602.41, with losses limited by a strong gain in the gold sector as investors fled to safe havens such as bullion and U.S. Treasurys. Gold rose US$47.80 to US$1,876.90 an ounce.
The Dow Jones industrial average lost 253.31 points to 11,240.26, the Nasdaq composite index dropped 65.71 points to 2,480.33 and the S&P 500 index shed 30.45 points to 1,173.97.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
North American Palladium Ltd. (TSX: T.PDL, Stock Forum) announced that it is aware that a statement of claim has been filed with the Ontario Superior Court of Justice against the company and two of its officers regarding a potential class action lawsuit. The Statement of Claim seeks permission of the court to commence a class action proceeding for alleged misrepresentations in the company's public disclosure. The Company has retained legal counsel and intends to vigorously defend the potential claim.