Stockhouse @ the Bell: Stocks rally on IMF pledge

Today on Stockhouse

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Frank Holmes of U.S. Global Investors provides a preview of what he believes the next decade holds for commodities.

Top Bullboards post: “More great results for Goldrush, which should help with the resource calculation expected this quarter. High River does have a onetime opportunity to buy back 50% of the Ronguen project within 60 days of a positive economic report. They would be required to pay 1.5 to 2 times the amount Goldrush spent on this project, I think the last financial statements released by Goldrush showed they spent $4M - $5M. I would guess with these good grades at shallow depths that this will be an economical deposit and GOD should get at LEAST $10M from High River once they get the project to that stage. Does anyone have any rough estimates on what kind of resource bump we could see as there has been a lot of drilling since the last resource report was released in 2008?” From youngkid on the Goldrush Resources (TSX: V.GOD, Stock Forum) board.

Top Bullboard: Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.

Top blog:littleguy123 writes about what he considers to be the myth of U.S. de-leveraging in the Outside the Market blog.

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

Word on Wall Street

"We think things are setting up to be better than last year," said Brad Sorensen, director of market research at Charles Schwab, in an interview with Associated Press. "The worst-case scenario is off the table. The story isn't as dire as people thought it was in the second half of last year."

Today In The Markets

Toronto stock market advances amid rising oil prices, IMF announcement

DJIA	12,578.95	+96.88
NASDAQ	2,769.71	+41.63
S&P500	1,308.04	+14.37
S&P/TSX	12,327.52	+94.69
S&P/TSX Venture	1,550.05	+12.33

TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed higher Wednesday on rising resource and financial sector stocks that benefited from word the International Monetary Fund is looking to bolster its ability to deal with a global economic crisis.

The S&P/TSX composite index gained 94.69 points to 12,327.52 while the TSX Venture Exchange climbed 12.33 points to 1,550.05.

The Dow industrials jumped 96.88 points to 12,578.95. The Nasdaq composite index gained 41.63 points to 2,769.71 while the S&P 500 index climbed 14.37 points to 1,308.04.

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

After-Hours News

Tenaris S.A. (NYSE: TS, Stock Forum)
Tenaris S.A. announced that, following receipt of a proposal by minority shareholders representing 32.6% of the shares held by the public in its controlled Brazilian subsidiary Confab Industrial S.A., it has agreed to file, on or prior to February 18, 2012, a request with CVM (Brazil's securities regulator) and the Sao Paulo stock exchange seeking their approval to a delisting tender offer to acquire all of the ordinary and preferred shares held by the public in Confab.

Green Swan Capital Corp. (TSX: V.GSW, Stock Forum)
Green Swan Capital Corp. announces that it has agreed to purchase 100% of eleven mining tenures (the "B.C. Tenures") in north British Columbia's Golden Triangle, covering 3,572 hectares (roughly 35 sq.km.). Closing will take place as soon as possible, with a target date of January 31, 2012. "Green Swan has stated that its goal is to quickly assemble a portfolio of high-impact Canadian mining assets. Green Swan began with well-positioned properties in Ontario's prestigious Ring of Fire," said Peter M. Clausi, Green Swan's President and CEO.