Today on Stockhouse
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Steven Saville examines Warren Buffett and everything else versus gold.
Top Bullboards post: “I am of the opinion that Gibson, Kearvell et alknow full well that five million is there, if not more ... it is just that the geo models used in the 43-101 calculations are very conservative so I am more inclined to go with the 3-4 million scenario. In the context of the modelling, the more infills the better because indicated is waaay better than inferred, imvho. Indeed, one could read into the NR that 'they' needed to generate more confidence in the "continuity" of the halo before making concerted efforts to define the edges of that halo. Maybe the continuity holes have all now been drilled, I do not know but how exciting to be able to now advance the boundaries of what NES calls the "breccia zone" ... someone else can do the calculations but every successful 50-m stepout at the edges surely will mean lots and lots of value to any potential suitor.” From dorinho on the Newstrike Capital (TSX: V.NES, Stock Forum) board.
Top Bullboard: Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog:coffintrader provided an update on the Federal Reserve’s latest policy statement in the WallStreet Investing 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
"This is a small step. This is probably the least of their (Federal Reserve’s) unconventional easing tools that they could have used," said Ethan Harris, North American economist for Bank of America/Merrill Lynch, in an interview with Reuters.
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| American Software (NASDAQ: AMSWA) |
Q4 |
$0.12 vs. $0.10 |
|
| CarMax (NYSE: KMX) |
Q1 |
$0.53 vs. $0.55 |
|
| ConAgra Foods (NYSE: CAG) |
Q4 |
$0.50 vs. $0.47 |
|
| Paragon Shipping (NASDAQ: PRGN) |
Q1 |
$ - 0.05 vs. $0.09 |
|
| Selected expected Canadian earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| TIO Networks (TSX: V.TNC) |
Q3 |
$0.01 vs. $0.00 |
|
|
Today In The Markets
TSX drops as energy prices weaken, traders digest Fed announcement
|
| DJIA |
12,824.39 |
-12.94 |
 |
|
| NASDAQ |
2,930.45 |
+0.69 |
 |
|
| S&P500 |
1,355.69 |
-2.29 |
|
|
| S&P/TSX |
11,759.34 |
-29.02 |
|
|
| S&P/TSX Venture |
1,254.57 |
-9.81 |
|
|
TORONTO-NEW YORK (The Canadian Press) - - The Toronto stock market was pulled lower Wednesday partly by slumping oil prices while traders also had a tepid response to the U.S. Federal Reserve's effort to help the struggling U.S. economy.
The S&P/TSX composite index dropped 29.02 points to 11,759.34 on weakness in the energy and information technology sectors. The TSX Venture Exchange slid 9.81 points at 1,254.57.
After the Fed's decision, trading was volatile, though the Dow recovered most of a 90-point decline, closing down 12.94 points to 12,824.39. The Nasdaq composite index rose 0.69 of a point to 2,930.45 and the S&P 500 index was down 2.29 points at 1,355.69.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Bed Bath & Beyond (NASDAQ: BBBY, Stock Forum)
After Wednesday’s close, the housewares retailer said it expects second-quarter earnings of 97 cents to $1.03 a share. Wall Street currently expects earnings of $1.08 a share. Its shares fell as much as 11% in after-hours trading.
Sanatana Resources (TSX: V.STA, Stock Forum)
The gold junior, after Wednesday’s closing bell, announced that drilling has begun on the Clam Lake West mineral claim 3018412 on the Watershed Property in northern Ontario.
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