Today on Stockhouse
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Bud Conrad of Casey Research discusses whether gold is still the answer for investors.
Top Bullboards post: “These new numbers are really not new- just a reclassification from inferred to M&I with a grade cap moved from 130g/t to 200 g/t. These numbers enable the high grade option for Brucejack to move from a PEA to a feasibility study both for the Underground and for a combination underground / open pit scenario. The really big thing to note is that there is no mention of Snowfield. Talk about a new overall picture. Brucejack /Snowfield is now bigger than Seabridge with the potential, if mined- starting with Brucejack to be self financing for the overall project. The big boys will now really have to look at Pretium with different set of eyes. Hang on tight as there is bound to be somebody looking to grab a hold of our company.” From
VOKBLVR on the Pretium Resources (TSX: T.PVG, Stock Forum) board.
Top Bullboard: Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog: coffintrader presents an article on how billionaire Eric Sprott is asking silver producers to save in silver in the WallStreet Investing blog.
For news about small stocks that made big moves Monday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"This (retail data) goes in stark contrast to the gloom and doom that had been over markets," said Rob Lutts, president of Salem, Ma.-based investment firm Cabot Money Management, in an interview with Associated Press. "A lot of the stocks I follow have been more oversold than any time I can remember in the last few years."
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Beacon Roofing Supply (NASDAQ: BECN) |
Q4 |
$0.53 vs. $0.37 |
|
| Kongzhong Corp. (NASDAQ: KONG) |
Q3 |
$0.10 vs. $0.03 |
|
| Tiffany & Co. (NYSE: TIF) |
Q3 |
$0.61 vs. $0.46 |
|
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Today In The Markets
Stocks surge on hopes for debt crisis fix, strong U.S. retail showing
|
| DJIA |
11,523.01 |
+291.23 |
 |
|
| NASDAQ |
2,527.34 |
+85.83 |
|
|
| S&P500 |
1,192.55 |
+33.88 |
|
|
| S&P/TSX |
11,640.21 |
+178.15 |
|
|
| S&P/TSX Venture |
1,512.69 |
+7.55 |
|
|
High hopes for the U.S. Christmas retail season and another round of optimism that the eurozone is inching closer to a resolution of its worsening debt crisis sent stock markets surging Monday.
The S&P/TSX composite index jumped 178.15 points to 11,640.21 with gains led by resource stocks as improved demand prospects pushed oil and copper prices sharply higher. The TSX Venture Exchange climbed 7.55 points to 1,512.69.
New York markets also registered big gains as the Dow Jones industrial index shot up 291.23 points to 11,523.01.
The Nasdaq composite index ran ahead 85.83 points to 2,527.34 and the S&P 500 index was up 33.88 points to 1,192.55.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Mercantile Bancorp, Inc. (AMEX: MBR, Stock Forum)
Mercantile Bancorp, Inc. filed on November 28, 2011 a Form 25, Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934, with the Securities and Exchange Commission. The company anticipates that the Form 25 will become effective 10 days following its filing, and that the Common Stock would be removed from listing on NYSE Amex on or about December 8, 2011. Following anticipated delisting from NYSE Amex, the Common Stock will not be quoted on any stock exchange, and there cannot be any assurance that the shares will be quoted on any over-the-counter market.
Belo Sun Mining Corp. (TSX: V.BSX, Stock Forum)
Belo Sun Mining Corp. announced assay results from 23 additional drill holes from the diamond drilling program at its Volta Grande Gold Project located in Para State, Brazil. These results include assays from nine drill holes from the Ouro Verde deposit, 13 drill holes from the Grota Seca deposit and one from the South Block. Hole VVGD-238 intersected multiple mineralized zones including 11.50 meters grading 3.79 g/t Au (from 153.50 m depth) and 16.70 meters grading 3.39 g/t Au (from 275.00 m depth) including 8.10 meters grading 6.29 g/t Au extending the zone 100 meters beyond the current resource model (April, 2011).
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