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 writes about "before their time" global resource investing ideas.
Top Bullboards post: “I understand your point, except my closest proxy to XME is ATG. Soon after it increased its resource base by 50% or so, it also took off as high as 14 cents, but is now stuck in the 10-11 range. ATG has a resource estimate of around 1 million gold eq with a higher share base outstanding. MCK has a smaller market cap but already has a lot of zinc and sits right beside ATC, a $700M market cap company. Yes, by all means XME is very undervalued relative to what they own in the ground. But XME is far from being the only one that's very undervalued. It's more of a sector argument.” From RE38 on the Xmet Inc. (TSX: V.XME, Stock Forum) board.
Top Bullboard:Intertainment Media (TSX: V.INT, Stock Forum) collected the most posts and the second-most reads.
Top blog: LexLuthor2 makes a case for this gold/PGM junior as a takeover target in The Lex Corp News Letter 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
“Some in Europe are finally realizing that the money being funneled to Greece to buy time from the inevitable would be better put to use to recapitalize banks to insulate them from sovereign haircuts,” wrote Peter Boockvar, equity strategist at Milller Tabak, in an email and reported by MarketWatch.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Brady Corp. ( NYSE: BRC) |
Q4 |
$0.60 vs. $0.49 |
|
| HB Fuller Co. ( NYSE: FUL) |
Q3 |
$0.48 vs. $0.38 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| 20-20 Technologies ( TSX: T.TWT) |
Q3 |
$0.02 vs. $0.04 |
|
Today In The Markets
North American markets slump as investors fret about jobs, slowing growth
|
| DJIA |
10,992.13 |
-303.68 |
 |
|
| NASDAQ |
2,467.99 |
-61.15 |
|
|
| S&P500 |
1,154.23 |
-31.67 |
|
|
| S&P/TSX |
12,387.54 |
-296.42 |
|
|
| S&P/TSX Venture |
1,785.10 |
-19.04 |
|
|
(The Canadian Press) TORONTO-NEW YORK - The Toronto stock market closed down nearly 300 points Friday as investors fretted over weaker than expected Canadian jobs figures, a U.S. employment plan and the sudden resignation of a European Union official.
The S&P/TSX composite index lost 296.4 points to 12,387.54, with the mining sector, down four per cent, leading all sectors lower. That erased the week's earlier gains and left the market down 1.7 per cent for the week.
The TSX Venture exchange lost 19.04 points to 1,785.1.
Wall Street also closed in a slump with the Dow Jones industrial average down 303.68 points to 10,992.13 while the Nasdaq composite index lost 61.15 points to 2,467.99. The broader S&P index shed 31.67 points to 1,154.23.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Advent Software, Inc. (NASDAQ: ADVS, Stock Forum), a leading provider of software and services for the global investment management industry, today announced the appointment of Asiff S. Hirji to its Board of Directors. Mr. Hirji brings more than 20 years of experience in operations and technology within the investment management industry to Advent's board.
Harvest Gold Corp. (TSX: V.HVG, Stock Forum) announced today that Greg Hill has resigned as President of Harvest Gold Corp. (US). CEO Rick Mark states: "On behalf of the Board, I would like to thank Greg for his work with Harvest Gold and in particular, his efforts to develop and better understand our most important asset in Nevada, the Rosebud Mine project. Greg has chosen to join another group in the exploration industry and we wish him well in his new role." John Roozendaal, President of Harvest Gold, will now fill the role of President of Harvest Gold USA.