Today on Stockhouse
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Peter Kennedy interviews newsletter writer John Kaiser, who talks about supply concerns and the magic metal in his Stockhouse Movers & Shakers column.
While David Zeiler of Money Morning presents some small shale oil takeover targets.
Top Bullboards post: “… I have confirmed the stripping ratio of 2-1 with management recently, the 43-101 will confirm the 6 plus mill oz but there is a lot more drilling to be done and more assays that won't be part of the 43-101 and they are proceeding in another direction and the discovery is open in all directions. My understanding is that Sprott feels they'll have over 10 mill oz easily based on their calculations. 2012 will see offers coming and if gold continues its rise this will be a great pay day. I hope it doesn't come too soon because gold is ready to explode with all the problems worldwide and the Iran situation heating up. I think we'll find new discoveries besides what they already know. Holding long and strong and adding to my position.” From
alex64 on the Trelawney Mining and Exploration (TSX: V.TRR, Stock Forum) board.
Top Bullboard: Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog:Architeuthis makes a case for this gold junior in the Thoughts from the deep blog.
For news about small stocks that made big moves Friday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"This rally is not built on solid foundations so this (selling) is indicative that underlying there's not much confidence," said Louise Cooper, markets analyst at BGC Partners, in an interview with Associated Press.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Arrow Financial (NASDAQ: AROW) |
Q4 |
$0.44 vs. $0.45 |
|
| Heartland Express (NASDAQ: HTLD) |
Q4 |
$0.18 vs. $0.17 |
|
| Knight Capital Group (NYSE: KCG) |
Q4 |
$0.24 vs. $0.08 |
|
| Meridian Bioscience (NASDAQ: VIVO) |
Q1 |
$0.19 vs. $0.15 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| DiagnoCure (TSX: T.CUR) |
Q4 |
$ - 0.01 vs. $ - 0.03 |
|
Today In The Markets
TSX negative amid disappointment in U.S. trade data, eurozone downgrade worries
|
| DJIA |
12,422.06 |
-48.96 |
 |
|
| NASDAQ |
2,710.67 |
-14.03 |
|
|
| S&P500 |
1,289.09 |
-6.41 |
|
|
| S&P/TSX |
12,231.06 |
-43.26 |
|
|
| S&P/TSX Venture |
1,536.03 |
-4.47 |
|
|
TORONTO-NEW YORK (The Canadian Press) - North American stock markets closed lower Friday as France lost its AAA credit rating and traders worried whether Greece's bond swap talks had collapsed.
The S&P/TSX composite index closed well off session lows, coming back from a 157-point deficit to lose 43.27 points to 12,231.06 while the TSX Venture Exchange lost 4.47 points to 1,536.03.
The Dow industrials lost 48.96 points to 12,422.06. The Nasdaq fell 14.03 points to 2,710.67 while the S&P 500 index was down 6.41 points to 1,289.09 after France's finance minister announced that ratings firm Standard & Poor's has cut its credit rating by a notch to AA.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Centurion Minerals Ltd. (TSX: V.CTN, Stock Forum)
Centurion Minerals Ltd. announces that in compliance with the Company's Stock Option plan, the Board of Directors has granted 501,000 options exercisable for 5 years at $0.40 to certain directors, officers and consultants of the Company. Centurion Minerals Limited is a Canadian-based company focused on the exploration and development of gold and other precious metal projects in Northern Sumatra, Indonesia.