Sunday, November 29, 2009

Equedia newsletter says...

A few weeks ago, Société Générale, one of the oldest banks in France and the 3rd largest Corporate and Investment bank in the Eurozone, released a 68-page report entitled 'Worst-Case Debt Scenario: Protecting Yourself Against Economic Collapse."

In their report, they advised clients on how to prepare their portfolios in the case of a complete global economic collapse.

Hoping for the best, but preparing for the worst.

Under each category, they presented a bull and bear case for sector performance, highlighting the positives and negatives for each scenario.

What caught our attention in the report for specific sector performances was their view on Mining and Metals. In particular, Gold. Take a look.

Bear Economic Scenario:


"(Gold) should outperform commodity benchmark as gold would be sought out as a hedge against dollar risk ."

The report gave gold a positive outlook rating for both the short term (12 months) and long term (2 years) under a bearish economic scenario.

Bull Economic Scenario:

"Strong demand for inflation hedging and physical purposes should outweigh increasing supply ."

Even under the Bull scenario, the report gave gold a positive outlook rating and suggested that gold will outperform for both the short term (12 months) and long term (2 years).
Click the image for the full report

Regardless of our economic outlook in this report, gold is set to thrive.

Combine that with the facts in our previous reports and you can see why our views on commodities and precious metals remain bullish. (see A New World Currency? What the US Goverment Doesn't Want You to Know - click here)

The U.S. dollar has been the world's reserve currency for the last 60 years. Many people believe this will never change. Perhaps not.

But that doesn't mean foreign countries won't find a workaround.

This year alone, China initiated more than $200 billion worth of swap agreements that allow their trading partners to pay for Chinese goods and services directly, without converting into dollars or having to trade their currency openly. The actual numbers could easily be more than double that but China and their trading partners may not want to anger the US or other European nations by disclosing the exact amount.

At the same time, you can bet that China will be looking to slowly unload more of their US Dollars in favour of Gold. (see Facts on Gold You Need to Know. - click here)

So while the US limps along attempting to sell bonds and implement further consumerism of their goods (Buy America), China and its trading partners are taking matters into their own hands and creating a new global marketplace for currency trading that's outside the traditional fiat paper currencies.

That's why investors continue their hurdle toward gold.

Despite recent events that should have fundamentally sent gold prices down, nothing has been able to stop gold in its tracks in this market:

  • The metal climbed 7.4 per cent in the previous nine sessions, the longest rally in 27 years.
  • The price has dropped only twice this month.
  • It has gained 33 per cent this year, heading for a ninth straight annual gain, while the dollar is down 7.7 per cent.
It's no wonder why every investor's focus is on gold and precious metals.

And the proof is in the pudding.

No other exchange is more dominated by resource and mining
stocks than the TSX Venture and the Canadian markets

Now take a look at the Venture's performance in the last year.
Compare that with the Dow Jones
Now with the S&P 500

They may appear similar at first, but if you look closely, you'll see that in the last 52 weeks, the TSX Venture has beat both the S&P 500 and the Dow in overall performance and relative gains, by more than doubling its own value.

Even more interesting is the fact the TSX Venture could have been an indicator for our economic market crash back in March. By losing most of its value in 2008, well before the major decline in the overall markets of the DOW and S&P 500, it inherently predicted the fall of the stock market before the masses.

It' no surprise why we look toward the Canadian junior market, not only for profit, but as our crystal ball.

That's why we continue to focus and evaluate mining companies in the Canadian and TSX Venture markets.

Right now we have our sights set on our featured silver company on the TSX Venture, Silvermex Resources Ltd. (TSX-V: SMR) as it continues to hold ground near its 52-week high since the launch of our report.



So, although we may see some sell-offs before Christmas, and possibly another bubble burst, you can be certain that the miners will remain strong in the long term.

Remember what happened back in March when the markets took its worst plummet ever in our modern age era? The miners and resource players were able to raise over $45 billion outside of the regular banking system! (see Playing Ball with Resources and Obama Talks G20 - click)

You can bet the investors who were part of the $45 billion investment are smiling from ear to ear.

Saturday, November 28, 2009

Stock Newsletter Picks: tested verus the results!




Canada's biggest investing newsletters have passed the biggest credibility check they may ever face.

In the midst of a historic stock market plunge a year ago, these newsletters told readers to chill out and buy stocks. With surprisingly few exceptions, that was just the right approach.

The Successful Investor told readers to buy Linamar Corp. (LNR-T14.650.211.45%), which had lost more than 60 per cent of its value since the beginning of 2008. Linamar has almost doubled since it was recommended. The Investment Reporter highlighted Toronto-Dominion Bank (TD-T66.190.350.53%), which has since risen almost 17 per cent.

There were misfires, too. General Electric (GE-N15.94-0.24-1.48%), Manulife (MFC-T18.49-0.01-0.05%)and TransCanada Corp. (TRP-T33.980.280.83%) were among the recommendations that didn't pan out. But a year after Canada's biggest investing newsletters met the bear market, we can describe the results as very good.

None of the highlighted stocks blew up. And while few of the picks outperformed the 20-per-cent gain of the S&P/TSX composite index since the end of October, 2008, most have done better than the bonds, guaranteed investment certificates and money market funds that investors have been clinging to lately.

It's not just the newsletters that survived this credibility check, though. At a time when lots of investors have been parking cash in do-nothing money market funds and savings accounts, the idea of buying quality stocks in a terrible market has also proved sound. Let's go through the newsletters one by one:

The Investment Reporter

Who's Behind It: MPL Communications, a major publisher of investing newsletters.

What it said in its five weekly editions in October, 2008: “Just keep in mind that the stock market selloff gives you an excellent buying opportunity. This is especially true of the hard-hit Canadian banks.”

“… it's impossible to consistently outsmart all other investors to buy at the bottom and sell at the top. Rather than attempt this feat, we feel that you'd do better holding a well-diversified portfolio of high-quality, dividend-paying companies.”

What worked: Potash Corp. (POT-T118.262.231.92%) and TD Bank have both snapped back nicely, and Petro-Canada merged with Suncor Energy (SU-T37.96-0.05-0.13%) in a deal that valued its shares at a 25-per-cent premium. That was a win for Petrocan shareholders.

What didn't work: General Electric is sort of a proxy for the global economy, which is in recession right now. GE might have worked out better here if not for a dividend cut this past February. Telus (T-T34.400.020.06%) is the more surprising blotch on The Investment Reporter's record. As a telecom stock, Telus should have held up better. The problem has been investor concern about heightened wireless phone competition. Note that Telus shares now yield about 5.5 per cent, which is roughly two to three percentage points more than you can get from a five-year guaranteed investment certificate.

The Successful Investor

Who's Behind It: Veteran stock picker and newsletter publisher Patrick McKeough.

What it said in October, 2008: “The market's drop seems to have turned into a panic reaction that is out of proportion to what's going on in the economy. … However, we think prices of many stocks are low enough now that we'll look back on them a few years from now as bargains.”

What worked: Calling a rebound for Bank of Nova Scotia (BNS-T48.180.270.56%) and IGM Financial (IGM-T41.360.601.47%) was hardly inspirational because these are dominant stocks in their sectors. But Linamar and ShawCor were true home runs. Both are smaller companies in sectors that were reeling last fall – auto parts for Linamar and industrials for ShawCor (SCL.A-T28.600.150.53%).

What didn't work: Gennum (GND-T4.11-0.04-0.96%), a tech stock that has fizzled after hitting $7.50 in January.

Money Reporter

Who's Behind It: MPL Communications

What it said in October, 2008: “What we will say is that this is no time to panic and sell all your stocks and income trusts, and move everything into bonds.”

What worked: Except for Royal Bank of Canada (RY-T56.700.821.47%), the Money Reporter went with a slate of defensive names. As it turned out, RBC was the pick of the bunch, thanks to a year-to-date gain of about 17 per cent. Two of the defensive choices, Fort Chicago Energy Partners (FCE.UN-T10.00----%) and Emera (EMA-T23.65----%), delivered solid gains and at no time fell as much as the broader market.

What didn't work: Canadian Utilities (CU-T40.46-0.19-0.47%) and TransCanada Corp. In a fast-rising market like we've seen this year, no one's much interested in playing defence. Final note: TransCanada has a dividend yield of 4.5 per cent. Just try getting that from a bond these days.

Internet Wealth Builder

Who's Behind It: Investing writer Gordon Pape.

What it said in October, 2008: “Over the long haul, those who invest in solid companies today will be richly rewarded. But in the short term, they may have to reach for the Tylenol.”

What worked: IWB was the one newsletter of the five to have a perfect record. Each of the five picks made last October was higher as of late this week, although some made it by mere millimetres. One impressive thing about IWB's picks is that they included only one defensive name, Enbridge (ENB-T45.070.621.39%). The other picks were nicely diversified throughout the economy.

Reality check: Diageo's (DEO-N68.09-1.20-1.73%) gains were eaten up by the appreciation of the Canadian dollar against its U.S. counterpart.

What didn't work: Not applicable.

The MoneyLetter

Who's Behind It: MPL Communications

What it said in October, 2008: “Each crisis is a little different, and this one is particularly special, in how it manifests itself. But each crisis is also similar, in that they all pass eventually, and they are very often followed by a significant rally as confidence in the future resurges.”

What worked: A trio of income trusts all made at least a little money. The best return came from Bell Aliant Regional Communications Income Fund (BA.UN-T27.09-0.09-0.33%), a good defensive name.

What didn't work: Manulife Financial, the worst performer in the S&P/TSX capped financials index in 2009 and, these days, the financial stock most likely to surprise shareholders in a bad way. Though it's disappointing to see Manulife down about 11 per cent while the capped financial index has gained 35 per cent year to date, it's worth noting that Manulife fell as low as $9.02 in March, 2009. Dark days, those were. Luckily, the newsletters saw past them.







Friday, November 27, 2009

Pescod Talks about Gold...

VENTANA GOLD
GOLD
Analyst Nicholas Campbell has been one of the hottest
of the gold analysts out there, picking some of the best
stories in the sector such as Colossus Minerals, Keegan
Resources and Ventana Gold, but today Ventana has a bit
of an owie. Today Campbell suspends coverage on the
stock and his price expectations because the original ven-
dors of the property apparently want to get it back...or get
a better deal.
Campbell writes, “This is a Thanksgiving turkey no one
was hoping for.” All payments have been made by Ven-
tana, but you know how greed can get into this and the
vendors suggests, “The agreement doesn’t comply with
Colombian law.” It is pointed out in an announcement
that an arbitration panel might take a year to come up with
some sort of resolution...ugly!
That would be a long time to wait and things can go
wrong, so we take some profits on what had been one of
the best gold stories of the day, until this hiccup hit us all.
But I must point out that I see an interesting dust-up
here because when you look at Ventana and who two of
their big shareholders are—first of all, there is Brazilian
Mining and Energy billionaire Eike Batista, who owns
about 16% of Ventana and Ross Beaty, the Vancouver
mining magnate who owns over 10%.
Will this squabble slow things down dramatically and
how long could it take for an agreement? Or what else
could go wrong! Or could it all be resolved quickly?
Meanwhile, the first small financial crisis since the big
one of a year ago and something like $59 to $80 billion of
loans out of Dubai are in trouble and the world markets
are in a bit of a tizzy...but what happens? The American
dollar goes up and gold goes down! Was that supposed
to happen?
We will reiterate one of our big points on the gold sec-
tor...the brokers have now issued so many shares of so
many gold companies, it’s like a flood of share certifi-
cated being issued out there. It means that many of the
gold companies simply don’t have any leverage to the
price of gold. How about a Barrick Gold with 1 billion
shares outstanding or Kinross with...well, you get the
drift.
Your first question before who is management, what is
the project, where is it, how much money in the bank or
how soon to production, should be how many shares out-
standing?

There are always lots good adventures in the market,
but one of our favorites right now is Amazon Mining, for its
potential fertilizer/thermal potash project in a country
(Brazil) that desperately needs the product. Currently over
90% of this is imported into Brazil because of the rain
leaching the soils and with many farmers getting two or
three crops a year, fertilizer is desperately needed.
Amazon has very few shares outstanding, offering the
speculator lots of leverage, but if you live in the greater
Toronto area Amazon is featuring a “Christmas with the
Chairman” evening in the Library Room at Verity, with
food being supplied by George Restaurant.
Amongst his other skills such as having been a former
significant insider at Potash Canada and having played in
the mining game in China, Chairman Peter Gundy is also
in the restaurant business and will be having a get-
together on December 7th that maybe you should attend.
We have certainly found him an amazing source of in-
formation on many things to do with mining and fertilizer
in particular. The food should be good and hey—if you
are looking for other information on other mining compa-
nies or even one—Amazon, remember that Jed Richard-
son, Vice President Corporate Development will be there
and he is a former mining analyst with Sprott Securities.
Should be a great meeting!
Meanwhile, Amazon has just put out a new 7-page look/
see at the company and what they heck it is all about. For
those with a bit of a technical background,
ROYAL BANK OF SCOTLAND:
Her Majesty's treasury in the United Kingdom now
owns an estimated 84% of the Royal Bank of Scotland...lucky
them after all those huge bail outs the British Government
has given RBS.
The RBS has become the poster child for bad loans,
poor risks, excessive management compensation, man-
agement being fired with exorbitant settlements to
leave...you name it. So are you at all surprised to learn
that they could be the biggest loser in the loans to Dubai?
For those of us who were involved in the Oilexco deba-
cle of last year, it was RBS—the banker, that pulled the
plug on Oilexco.

Canadian Arrow drills sulphide mineralization at Glatz nickel project

Canadian Arrow drills sulphide mineralization at Glatz nickel project

08:59 EST Thursday, November 19, 2009

Print this article

SUDBURY, ON, Nov. 19 /CNW/ - Canadian Arrow Mines Limited (CRO: TSX-V) (the "Company") is pleased to report it has intersected sulphide mineralization on its Glatz nickel copper project located 40 km south of Dryden Ontario and 70 km east of its flagship Kenbridge advanced nickel copper project.






Diamond drill hole GZ-09-02 intersected coarse blebby and finely disseminated sulphides from surface to the 90m interval. The mineralization is consistent with that displayed in trenches and outcrop exposures occurring at surface above the hole.

More significantly it also intercepted vein and stringer breccia sulphide bands over a 12m down-hole interval between 41.0m and 53.0m.

Initial examination of the core has identified encouraging widespread magmatic sulphide mineralization associated with breccia zones within a gabbro and pyroxenite intrusion. The geological model bears a resemblance to the Company's Kenbridge nickel-copper deposit.


The Kenbridge deposit is also characterized by near-surface, wide-spread disseminated nickel-copper sulphide mineralization suitable for open pit extraction that resolves at depth into narrower, high grade semi-massive lenses and disseminated mineralization suitable for underground extraction.

Kenbridge and Glatz are only two of the 23 recorded nickel-copper sulphide bearing occurrences hosted within the same 220km ring of volcanics and ultramafic intrusives located between Dryden and Kenora, Ontario.



To date two NQ size holes have been logged and sampled for a total of 416m. Core samples have been split and sent out for analyses at an accredited laboratory in accordance with NI 43-101 best practice guidelines. No estimation can be concluded at this time of the extent or true widths of the mineralization. Additional drilling has been allocated to follow up on the mineralization.

Hole GZ-09-02 was drilled on coordinates 26+00N at 45+35E, at an azimuth of 180 degrees and a dip 0f -60 degrees. Hole GZ-09-01 was drilled on coordinates 26+00N and 45+85E at an azimuth of 180 degrees and a dip of -60 degrees. The hole was drilled through the northern intrusive/volcanic contact. Although sulphide mineralization is weak, the presence of variable sulphide, potassic, chloritic and silica alteration are interpreted to be distal vector indicators of a regional mineralization package.

The Glatz Property is the first of six targets to be drilled on the Turtlepond Lake Group of projects. The Turtlepond Lake Group consists of three previously under-explored historic nickel-copper occurrences, (Glatz, Emmons and Prigg), coincident with recently surveyed electromagnetic conductor/magnetic anomalies, and three other newly discovered geophysical targets, North Glatz, Night Danger, and Double E. All targets are clustered within 1.5 km of each other and occur within a few kilometres either side of highway 502.

The exploration program is being carried out under the direction of The Company's Vice President of Exploration, Mr. Todd Keast P. Geo., a qualified person as defined by National Instrument 43-101. The information in this release was prepared under the direction of Mr. Kim Tyler, P. Geo., President of the Company, a qualified person as defined by National Instrument 43-101.

About Canadian Arrow Mines:

Canadian Arrow Mines Limited is focused on acquiring and developing nickel sulphide deposits near existing infrastructure. The Company's principal asset is the Kenbridge Project, a nickel-copper sulphide deposit containing over 44,000 tonnes of nickel in the measured & indicated classes, (Sedar, Aug. 19, 2008), as follows:

    <<     -   Measured Resource: 3,546,000 tonnes grading 0.45% nickel, 0.24%         copper, 0.015% cobalt.      -   Indicated Resource: 3,593,000 tonnes grading 0.79% nickel, 0.42%         copper, 0.018% cobalt.     >> 

The deposit remains open in three directions, is equipped with a 620 m shaft and has never been mined.

    <<     * National Instrument 43-101: Mr. E. Puritch, P. Eng., Ms. Tracy         Armstrong, P.Geo., and Antoine Yassa, P.Geo. of P&E Mining         Consultants Inc. are the independent qualified persons for the         Kenbridge resource estimates.     >> 

Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, socio-political, marketing, or other relevant issues.

Additional information relating to Canadian Arrow is available on SEDAR at www.sedar.com.

This press release may contain "forward-looking statements" within the meaning of the Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this press release and the Company does not intend, and does not assume, any obligation to update these forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information: visit the website at www.canadianarrowmines.ca, or contact Mr. Kim Tyler, President and Director, toll free, 1-877-262-6354

© Copyright Canada Newswire

Canadian Arrow starts drilling Glatz Nickel Project

cnw


SUDBURY, ON, Nov. 9 /CNW/ - Canadian Arrow Mines Limited (CRO: TSX-V) (the "Company") announces it has begun diamond drilling the first of its high priority Turtlepond area nickel-copper projects located 40 km south of Dryden in northwestern Ontario. Over twelve first-pass holes are planned totaling 2,500 metres of drilling over six priority targets. The Turtlepond Lake Group consists of three previously under-explored historic nickel-copper occurrences, (Glatz, Emmons and Prigg), coincident with recently surveyed electromagnetic conductor/magnetic anomalies, and three other newly discovered geophysical targets, North Glatz, Night Danger, and Double E. All targets are clustered within 1.5 km of each other and occur within a few kilometres either side of highway 502.



The Glatz Property is the first of these targets to be drilled and will consist of four holes for an approximate total of 800 metres of NQ core. Mechanical trenching and ground geophysical surveys on the Glatz showing have delineated two parallel zones of mineralization which extend for 900 m and 700 m in length respectively. Widespread disseminated and blebby nickel-copper-iron sulphide mineralization has been exposed and channel sampled along both trends. Both anomalies are coincident with airborne geophysical anomalies and have not yet been drill tested. An 800m long VTEM anomaly is associated with the Glatz showing and eleven conductive targets have been identified. In 2007 Arrow investigated a series of historical trenches along this geophysical trend with grab sample assay results ranging between trace to 1.28% Ni, and trace to 4.56% Cu. More detail on the Glatz Property can be viewed on the company's website at:


http://www.canadianarrowmines.ca/glatz_property/


The exploration program is being carried out under the direction of The Company's Vice President of Exploration, Todd Keast P. Geo., a qualified person as defined by National Instrument 43-101. The information in this release was prepared under the direction of Kim Tyler, P. Geo., President of the Company, a qualified person as defined by National Instrument 43-101.


Canadian Arrow provides clarification on previous option grant

cnw

SUDBURY, ON, Oct. 23 /CNW/ - Canadian Arrow Mines Limited (the "Company") (CRO-TSX Venture) announced today that the exercise price of its previously disclosed grant of stock options (see press release dated October 6, 2009) has been amended from $0.05 per share to $0.10 per share in order to comply with the rules of the TSX Venture Exchange. All other terms of such options remain as disclosed in the October 6, 2009 press release.

Canadian Arrow prepares to drill nickel projects

cnw

SUDBURY, ON, Oct. 5 /CNW/ - Canadian Arrow Mines Limited (CRO: TSX-V) (the "Company") having recently completed a $1.83M financing is pleased to provide an update on the exploration programs planned on its nickel-copper properties located in northwestern Ontario.


"Over $1.5M is to be expended on resumption of our exploration activities," comments Company President Kim Tyler. "First pass drilling programs are prepared to evaluate the six highest priority targets on our regional projects in addition to drilling proposed on the open extensions of our flag-ship Kenbridge nickel/copper deposit."


The initial focus will be on the Turtlepond Lake group of projects located about 40 km south of Dryden, Ontario and 70 km east of Kenbridge. The Turtlepond Lake Group consists of three previously under-explored historic nickel-copper occurrences, (Glatz, Emmons and Prigg), coincident with recently surveyed electromagnetic conductor/magnetic anomalies, and three other newly discovered geophysical targets, North Glatz, Night Danger, and Double E. All targets are clustered within 1.5 km of each other. A map detailing the Turtlepond projects can be viewed on the Company's website at:


http://www.canadianarrowmines.ca/turtlepond_lake_projects/.




























- This company has connections to very well funded mining operations through decades of experience. I believe Mr. Tyler when he says they are speaking with 5 strategic partners for completion of there project through joint ventures. Joint venture speculation could drive our sp into a frenzy.


- The drill program which comprised our 253 million dollar property is open at depth and further drilling could significantly increase the resource. Some of our strongest results were on outer edges of the drill zone. De-watering of the 2500 meter mine shaft will allow them to get at these areas. The intersection I speak of is the 7% nickel over 5 meters that intersection comes from the end of the drill core. Further exploration could offer up amazing results. 0 summer 2008 drill results out, any significant finds in mine ready atikocan or kenora/dryden properties will lift stock.

- The company has contractual agreements with Opiwica explorations (OPW) on the TSX.V to mill there major gold and copper find with in close proximity of Canadian Arrows Planned site. Mining could begin on both projects in early 2010. This represents earnings and is a good partnership for a company seeking to be the next significant Nickel Copper producer in Canada.

- Canadian Arrow has the ability to produce nickel in its mine at 3.47 per pound nickel. That kind of number is unheard of in comparison to other mines. With production scheduled for early 2010 (around the same time our economy should be significantly rebounding) what if nickel prices return back to 15 dollars per pound? This site will look like a gem to any investor! (plus the property would be worth about 400mil at 15 dollars per pound nickel.

This is just a few of the key points that I believe make this company look attractive. If my predictions are correct we will see a significant rebound to normal multiples over the course of the next couple of months and with any significant news pertaining to my points and our sp and volume will be sent soaring. JV with cash on the books and abilitiy to help put project into production will send our sp back to .50 if not higher! I am Bull on Canadian Arrow mines.




Review This .pdf 12 page report:


Dubai's $60B debt freeze shakes markets



HONG KONG (AP) – The fallout from Dubai's debt crisis rippled across the globe Friday, raising concerns of another wave of financial turmoil and showing how vulnerable the world economy remains despite signs of recovery.

As global stock, commodity and currency markets went into a tailspin, the possible spillover effects from Dubai surfaced from London to South Korea, with banks big and small drawing concern for any losses they could suffer as a result of their exposure to the massively debt-laden emirate.

A year after the global slump derailed Dubai's explosive growth, the city-state's main investment arm, Dubai World, revealed this week it was asking for at least a six-month delay on paying back its $60 billion debt. Major credit agencies responded by slashing debt ratings on Dubai's state companies, saying they might consider the plan a default.

In recent years, Dubai has expanded with ambitious, eye-catching projects like the Gulf's palm-shaped islands and the world's tallest skyscraper in hopes of becoming a tourist friendly and cosmopolitan Middle Eastern metropolis. In the process, however, the state-backed networks nicknamed Dubai Inc. have racked up $80 billion in red ink, and the emirate may now need another bailout from its oil-rich neighbor Abu Dhabi, the capital of the United Arab Emirates.

Following a rout in Europe, Asia's stock markets tumbled Friday while the dollar hit a fresh 14-year low against the yen as investors piled into currencies perceived as safer. Crude oil at one point fell more than 6 percent.

With Dubai World hard pressed to pay its bills, banks could take the biggest hit, analysts said.

Heavyweight London-based lenders HSBC Holdings and Standard Chartered could face losses of $611 million and $177 million respectively, according to early estimates from analysts at Goldman Sachs. Both have substantial Middle East operations.




In Asia, Japan's Sumitomo Mitsui Financial Group, the country's No. 3 bank, could be exposed to Dubai World's indebted property arm to the tune of several hundred million dollars, according to a person familiar with the matter.

South Korea estimated the country's financial institutions have just $88 million exposure. Construction firms from Japan, Australia and South Korea behind Dubai's recent development boom also might be on the hook.

While most have the wherewithal to absorb any losses, Dubai's troubles could lead banks to reevaluate and scale back their lending.

That could make it more difficult for companies to borrow money and hold down a world economy still emerging from the throes of its deepest recession in decades, analysts said.

Equally unsettling for investors was the uncertainty over which companies were exposed and how much money they might actually lose. European banks alone have $87 billion at risk in the U.A.E.

"It touched investors' sensitive nerves," said Cai Junyi, an analyst for Shanghai Securities. "The world is watching whether that will have any substantial impact ... Dubai World is just like a small window that might reflect another financial tsunami.''

Emerging markets in the Middle East and elsewhere have attracted massive amounts of capital in recent years amid investor enthusiasm for regions with rapid economic growth. This year, financial markets in Asia and Latin America have vastly outperformed ones in the U.S. and Europe. But Dubai's woes could bring a temporary end to the promiscuous buying behind the boom, analysts said.

"I think it will make investors realize they need to be more discriminating about emerging markets," said Arjuna Mahendran, head of Asian investment strategy at HSBC Private Bank in Singapore. "In the longer term we have no doubt that things are going to recover.''

HSBC declined to comment. Calls to Standard Chartered representatives were not returned.

Among other companies with Dubai ties, South Korean construction firms have about 40 projects there whose remaining work is valued at as much as $3 billion. South Korea's government expected the problems to have minimal impact.

Thursday, November 26, 2009

Pescod Talks about...




Wednesday, November 25, 2009

Action Economics morning alert

Action Economics morning alert

7:34 November 25, 2009, EDT.
(Canadian Press)

How A Broke MIT Student Discovered a Secret Strategy That Turned $1,000 into $1.4 MILLION in Just 13 Months… INVESTING IN PENNY STOCKS!

(Action Economics) - 06:04 EST Oil Action: Oil prices are higher as a weaker USD is boosting the appeal of oil as a hedge against inflation and as stock markets benefit from renewed growth confidence. A Bloomberg survey predicts crude-oil inventories grew by 1.5 m barrels last week. Yesterday, the American Petroleum Institute reported that distillate fuels, such as heating oil and diesel fell by 2.36m barrels last week. As of 10:52GMT the January Nymex future was up 21 cents per barrel at USD 76.23, after trading in a range between USD 75.78 to USD 76.60.

05:22 EST Germany sells EUR 4.105 bln of 5-year 2014 Bobls with a coupon of 2.5% at an average price of 110.680, bringing the average yield to 2.350%. The lowest price was 100.670 and total bids amounted to EUR 7.171 bln, bringing the bid-to-cover ratio to 1.7, slightly less than the 1.8 in the last 5-year auction. The Bundesbank held back EUR 0.895 bln for market smoothing purposes, bringing the total top up amount to EUR 5 bln and the overall volume of the issue to EUR 17 bln.

05:14 EST Gold Action: Gold rallied to new record highs of $1180.00 after a broadly softer dollar tone encouraged fresh momentum fund demand. Price action was choppy in Europe after early attempts to break $1180.00 were rebuffed by scrap selling and good fund profit take orders ahead of $1180.00. However, the backdrop of broad based dollar selling following the FOMC minutes encouraged ongoing demand on dips, along with reports reports that India is open to buying more gold from the IMF. The backdrop of bullish fundamentals and a supportive technical picture raises the risk of a test of $1200 level, which is reportedly where more outstanding option positions are noted.

04:39 EST U.K. Q3 GDP was revised up to -0.3% quarter over quarter and -5.1% year over year as expected, from -0.4% and -5.2% in the preliminary release. The main reason for the upward revision to the headline reading was an upward revision of services sector output, to -0.1% quarter over quarter from -0.2%, though the contraction of the sector continues to stand in contrast to survey data which suggested that output grew last quarters. (In particular, the distribution, hotels and catering sector saw a large upward revision, now estimated to have expanded by 0.3% quarter over quarter in Q3, versus -1.0% in the first Q3 release.) Total industrial production fell 0.8% quarter over quarter, revised down from -0.7% and in line with September IP data. Meanwhile, the demand side of the economy saw consumer spending flat quarter over quarter after declining 0.6% quarter over quarter in Q2. Exports grew by 0.5% quarter over quarter but imports rose by a far stronger 1.3% quarter over quarter, with net exports not contributing to growth in Q3 either. Gross fixed capital formation declined by 0.3% quarter over quarter, while government spending rose by 0.2% quarter over quarter. Gilt futures have climbed on the release, and the 10-year December contract is now up 19 ticks at 118.89, versus 118.68 just prior to the release.

04:06 EST Italian September retail sales dropped 0.1% month opver month, and 1.6% year over year, after rising 0.1% month opver month in the previous month. September data meant sales dropped 0.5% quarter over quarter in Q3, which points to a negative contribution from private consumption to overall GDP growth in Q3. As in Germany, rising unemployment is weighing on confidence and consumption trends and while overall consumer confidence improved in November, to 112.8 from 111.7, the personal economic climate index dropped, which highlights remaining downside risks.

02:37 EST ECB's Trichet said central bank has been able to prevent deflation. Trichet told Dutch newspaper Het Financieele Dagblad, that the ECB was "able to prevent the risk of deflation from becoming reality thanks to a solid anchoring of inflation expectatoins". He added that at the same time the ECB has not affected its "ability to maintain price stability in the medium term". Trichet stressed that the global financial system need to be improved as it turned out to be "far too fragile."

02:10 EST German December GfK consumer confidence declined to 3.7 from 4.0 in November. This was weaker than the Bloomberg median of 4.0 and the GfK said that the decline was "primarily a result of growing public fears of rising unemployment". The labour market has been surprisingly resilient so far, but a marked rise is expected for the coming months. Q3 GDP data already saw consumption falling again and with confidence coming down, subdued consumption trends will continue to weigh on overall growth. The breakdown, which is only available until November, showed the reading for price expectations rising sharply, while the overall economic climate index as well as personal income expectations declined. The reading for the willingness to buy still nudged higher in November, but the details for December are likely to show a different picture.






02:03 EST Equity Action: Asian shares rallied, extending the recovery that was seen in the latter part of the Wall Street session (which was seen after the Fed upgraded revised upwards its 2010 growth expectation and the FOMC minutes showed that officials were increasingly confident about the durability of economic recovery). The MSCI Asia Pacific index was up 0.8%, making a one-week high. Helping fuel the move were remarks from RBA Battelino, who described Australia's commodity linked economy as having entered a "new upswing" and that it was reasonable to expect growth to extend for a "few more years yet." There was also IPO news, with China Pacific Insurance getting the go-ahead to raise $3.4 bln in Hong Kong while CapitaMalls Asia shares surged over 8% on their Singapore debut (Reuters).


01:33 EST Japan's corporate services price index fell 2.2% in October from a year earlier, the Bank of Japan said on Wednesdsay, but the pace of falls narrowed for the second straight month. The index, which tracks business-to-business services, rose 0.1% from September and was the first rise in four months. The data is encouraging, but the basic picture in Japan is still one of price softness and shows that Japan is still struggling to expect from deflation, which has been a bone-of-contention for policy makers. These number reinforce expectations that the BoJ will stay on hold indefinitely and may also up the political pressure as Japan looks to end its unconventional policy steps at the end of the fiscal year in March 2010.

01:24 EST Japan's trade surplus came in at Y807.1 bln, which was much higher than expectations for Y452.2 bln. The break down showed a 23.2% fall in October exports and imports fell 35.6%. The fall in exports was at its slowest pace in a year and helped to boost its surplus, which will reinforce expectations that the economy is recovering, although economic stimulus packages around the world have been a strong influence. Exports are likely to slow in 2010 as the impact of stimulus fades and this will be a worry for Japanese policy makers as it looks to navigate its way out of recession.

00:46 EST Oil Action: NYMEX crude traded close to $76 bbl after it fell 2% on Tuesday after a sharp downward revision in U.S. GDP data. API data was also a big disappointment and came in much stronger than expected, with crude stocks building 3.3 million in the week to November 20, which was compared to forecasts for 1.2 million. The market is on tenterhooks ahead of the EIA data due later today and likely to maintain a bearish tone intra-day.

00:38 EST Gold Action: Gold rallied to new record highs of $1177.90. The move higher was boosted by fund names and good interest from Tocom buyers after the market responded to reports that India is open to buying more gold from the IMF. The RBI may buy the IMF's remaining hoard of 201.3 tonnes on acceptable terms, which are now under negotiation. The next level of resistance is at $1180 and may be protected by scrap selling and light profit take orders ahead of Thursday's Thanksgiving holiday. However, the backdrop of bullish fundamentals and a supportive technical picture raises the risk of a test of $1200 level, which is reportedly where more outstanding option positions are noted. Elsewhere, the Vietnam central bank granted quotas to import 10 tonnes of gold after the 6.8 tonnes it imported in recent weeks.

18:53 EST RBA Deputy Governor Battellino said Australian home prices relative to income are high historically and versus other countries due to the fall in inflation over the last 20 years, speaking on Housing and the Economy from Melbourne.





The fall in inflation has allowed lower interest rates, prompting households to take out bigger home loans that are then reflected in rising prices. He said that "most people agree" that the ratio of house prices to incomes in Australia is higher than in the U.S. But he concludes that the "experience of the last few years suggests that the Australian household sector as a whole appears to have the financial capacity to sustain a relatively high ratio of housing prices to income." This would seem to point to a lack of worry at the RBA over the risk of a housing bubble forming. On the economy, he was consistent with recent RBA-speak, observing that the global economy is growing again and that outperformance by Asian economies is positive for Australia.

FX Overnight

The dollar came under heavy selling pressure in Europe as intra-day accounts and momentum funds forced the index down to new trend lows of 74.633. The market was encouraged by broad based gains across equity markets, but also took its lead after the Fed said the dollar decline was orderly in Tuesday's FOMC minutes. USD-JPY stole the headlines after it broke 88.00, which saw Japanese hedgers force a follow through move on 87.57 before any significant support emerged. Elsewhere, Cable consolidated around 1.6700 after the U.K. GDP was revised up to -0.3% quarter over quarter. Market interest for the pound peaked early after speculation of a big upward revision and the official release fueled light position squaring, which was generally absorbed by Asian sovereigns. The commodity bloc currencies benefited from a new record high for gold around $1180.00, which boosted AUD-USD to 0.9292, forced USD-CAD below 1.0500 and lifted NZD-USD above 0.7300.

USD-JPY extended overnight losses to trade at 87.57 lows. JPY rallied sharply after large USD-JPY barriers gave way at 88.00. Heavy interest was noted from Japanese exporters and real money names, which forced a move down to 87.57 lows. There was temporary support around 87.70, but exporters panicked after their deep in-the-money JPY calls were knocked out at 88.00. Larger size positions are noted at 87.50 and 87.10 and yen buying interest will accelerate if these levels give way. There was market speculation that a quasi-official bid held the downside, along with real money demand for EUR-JPY at its lows. Howver, the JPY crosses are well offered, with EUR-JPY consolidating just under 132.00 after breaking support at 131.70-80 to hit 131.53 lows, while AUD-JPY to reverted to session lows around 81.25. GBP-JPY traded in to 146.00, but rebounded to 146.80 on persistent sterling support via Cable and EUR-GBP. Note, there was ongoing speculation in Asia that equity related flows would benefit JPY ahead of the month end and this should hamper any recovery across the JPY components.

EUR-USD made an early push on 1.5020-25 offers and extended to session highs of 1.5045 as the broad uptick in risk fueled momentum account demand. There was talk that an Asian account and a supranational name layered offers between 1.5020 and 1.5050 due to heavy strike congestion. Plain vanilla interest is due to roll off at 1.4950, 1.4980, 1.5000, 1.5020, and 1.5050-60, which may fuel aggressive shorts to sell in to 1.5050, with a tight stop due to previous failures to sustain 1.5000. However, the Fed's comment that the dollar decline is orderly should leave impetus with the topside as intra-day accounts absorb gamma related selling. There is speculation that the Double-No-Touch positions between 1.4800 and 1.5100 have been rolled over to November 30 and could see protective sellers higher up. Given the heavy two way flows range bound trade looks likely, but with the market biased to higher levels. Large stop losses have been established above 1.5070 and 1.5110.

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Elsewhere, the market overlooked eurozone data releases, which were generally few and far between, with only German Gfk on the agenda and it slipped to 3.7 in December from 4.0 previously.

GBP longs pared back positions after U.K. Q3 GDP met expectations after an upward revision to -0.3% quarter over quarter. Early on in the session a U.S. name was a good buyer and touted speculation of a much larger than expected revision to -0.1% quarter over quarter. However, this looked like a bid to force a rally and Cable successfully overcame 1.6700 offers and traded at 1.6727 highs, but further gains were limited for the remainder of the session. A softer dollar backdrop combined with Asia and Middle Eastern sterling demand was a supportive influence and raised talk of equity flows related to the Lloyds rights issue. However, market insiders claim that these flows are likely to be neutral given that U.K. investors are the main participants. Cable is changing hands around 1.6700 and EUR-GBP briefly moved back above 0.9000 before succumbing to good European account offers. The broad equity market bid is likely to support sterling in the near-term, with the improving risk profile expected to temper any adjustment in positions. Sovereign-backed bids in Cable at 1.6770 and 1.6750 provided support and EUR-GBP has struggled since two Swiss names capped its rise at 0.9057 on Tuesday amid corporate related orders.

CHF firmed up after the dollar reverted to the downside after the Fed looked as if it gave the greenlight for more dollar selling as the FOMC minutes described the decline as orderly. USD-CHF moved under 1.0100 on Tuesday and extended to 1.0026 lows as momentum accounts moved in following an upbeat Asian equity market performance and gains across Europe. EUR-CHF was pressurised as a result and tested 1.5080-90 bids. Tuesday's comments from SNB's Roth also provided some impetus for swissy longs after he said the SNB did not have a specific forex target, although he also maintained that the Bank is weighing up the right moment for a policy change. The combination of SNB/Fed remarks could see the SNB's resolve tested today, with USD-CHF eyeing 1.0025-30 bids and EUR-CHF closing in on the 1.5080 support. Large stops are building in the cross at 1.5050, 1.5020, 1.4980 and 1.4950, with a close below 1.0030 opening up the downside to parity.

CAD gains were boosted by the strong bid in gold, which traded at new record highs of $1180.00. USD-CAD pulled back from 1.0586 highs and triggered stops under 1.0500. The Russian central bank said that it was preparing to invest reserves in Canadian dollars, which added to the bid tone and a low of 1.0479 was noted.

Fixed Income Overnight

European Morning Session

European debt futures are higher, having reversed earlier losses. Gilts rose on the U.K. GDP release pulling Bunds with them, but Gilts are still outperforming significantly. The second GDP release saw an upward revision to -0.3% quarter over quarter from -0.4% reported initially, though market rumours ahead of the release of an upward revision to -0.1% sparked the Gilts relief rally. Meanwhile, stock markets are higher on the day.

As of 10:56GMT the December 10-year Bund future is up 6 ticks at 122.78, while the corresponding Gilt future is up 35 ticks at 119.05. In the cash market the 10-year Bund yield is flat at 3.25% and the 10-year Gilt future is down 3 bp at 3.62%. By comparison the DAX is up 0.55% and the FTSE 100 is up 0.60% as of 10:42GMT.

Today's calendar has revised U.K. Q3 GDP, which is expected to be revised up to -0.3% quarter over quarter and -5.1% year over year(medians same), from-0.4% quarter over quarter and -5.2% year over year reported previously. In the eurozone, German December GfK consumer confidence, slipped to 3.7 (median 4.0) from 4.0. Italy released retail sales and consumer confidence. Still to come, ECBspeak from Mersch.


Tuesday, November 24, 2009

Pescod Talks about...

STERLING RESOURCES
(V-SLG)

John Clarke was an award winning Oil & Gas analyst a
couple of years ago and we are still thankful for some of
the picks he gave us way back then.

After a couple of
stressful years at Candax Energy, where little joy was ex-
perienced, he is now moving into a story that we figure a
year from today is going to be very, very interesting.
Today CGX Energy Inc. announced an update they’ve
just committed to the Guyanese Government about their
work plans, and meanwhile Clarke is getting used to his
new surroundings as Vice President of Business Develop-
ment for CGX Energy. So it is only natural for us to ask the
obvious question … John, if you could only buy one stock
today what would it be? He answers Sterling Resources,
which is currently the same name being given by Kevin
Shaw.

Sterling has a bunch of drilling starting over the next
several months in the North Sea, and with oil prices where
they are now, the North Sea suddenly makes a lot of sense.
There may be some tough, high upfront costs in the North
Sea, but the British Govt. at least let’s you keep some
money, unlike Libya, Alberta and many other places.





So what gives, we wonder—as yesterday, gold soared
$30-some dollars, but by the end of the day the majority of
gold stocks were actually down.
A favorite oil stock we follow, which is so close to impor-
tant events happening in its history just sits there (mind
you, it has had a good year this year so far)...what is going
on?
Canaccord gold guy Nicholas Campbell who picked big
winners like Ventana Gold and some of the best performing
gold stocks and Kevin Shaw, the analyst at Wellington West
who has also picked some pretty good stories in the oil sec-
tor such as Bankers Petroleum and Painted Pony, both have
the same suggestions why some stories might have stalled.

They point out that the big folks who run the big mutual
funds, the pension funds and other private funds are look-
ing at their performance over the last while and the stock
market has been rather generous.

So why not lock in some profits so you can get those
bonuses you do when you do have an excellent quarter.
Once again, obviously they are into the profit-taking
mode and that could be one excuse for what happened
in the gold sector yesterday. The incentive is there for
the big money managers to lock in that profit.
Campbell suggests that while some of the good gold
stocks are now trading at the lower range of their statis-
tical relationships, it could stay that way for a while.
Campbell suggests that there will undoubtedly be a little
tax-loss selling affecting some of the stocks as we get
closer to Christmas and year end and he also suggests
that when we get to the New Year, and all the managers
start fresh for the quarter, they will be thinking “okay, so
what should I buy?” which he believes will give some
stories a nice bump in early January.
Meanwhile, Kevin Shaw, the oil guy suggests the
same as the fund managers will look around to start tak-
ing positions in their favorite new stories in early Janu-
ary.

Campbell does warn though that a lot of gold compa-
nies have recently done financings and lots of paper will
come trading in February and one should be very aware
of whether ones gold company did or did not participate
in those financings.

For those looking for leverage in the gold sector,
there are way too many gold stocks that have way too
many shares outstanding. So no wonder, so many have
done so little while gold has done so well. That is usu-
ally the case for juniors, but one can see the same thing
for seniors.
Kinross can barely make any money it seems at this
high level of gold price and yet it has 700 million shares
outstanding. Barrick Gold has close to 1 billion shares
outstanding. Both stocks have done little while gold has
sold off.
When we ask one analyst why anyone would own a
Kinross or a Barrick, he suggests the simple answer is
liquidity.

Leaders On Nasdaq, TSX TSX-V - High % Gainers

PRICE % GAINERS
Symbol Name Last Trade Change Volume Related Info
WIX.TO WINSTAR RESOURCES COM NPV 3.05 1:58PM EST Up 0.71 (30.34%) 166,944 Reports, More
TPL.TO TETHYS PETROLEUM L ORD USD0.10 0.70 1:45PM EST Up 0.09 (14.75%) 1,057,895 Reports, More
HMM-A.TO HAMMOND MANUFACTURING CO LTD 0.89 1:00PM EST Up 0.11 (14.10%) 5,503 Reports, More
HUX.TO HEARX CANADA INC EXCHANGEABLE S 0.79 1:24PM EST Up 0.09 (12.86%) 4,775 More
YLD-PB.TO SPLIT YIELD CORP CLASS'II'PRF 1.75 1:12PM EST Up 0.17 (10.76%) 100 More
MET.TO METALORE RESOURCES COM NPV 7.75 10:05AM EST Up 0.75 (10.71%) 150 Reports, More
XWE.TO WORLD ENERGY SOLUTIONS INC 3.50 11:56AM EST Up 0.30 (9.38%) 816 Reports, More
ISM.TO INSPIRATION MINING COM NPV 0.74 1:48PM EST Up 0.06 (8.82%) 84,751 Reports, More
NGQ.TO CANADIAN GOLD HUNTER CORP 0.75 1:41PM EST Up 0.06 (8.70%) 509,654 More
PNP.TO PINETREE CAPITAL L COM NPV 1.96 1:59PM EST Up 0.15 (8.29%) 1,503,333 Reports, More
PRX.TO PROTOX THERAPEUTICS INC 0.69 1:50PM EST Up 0.05 (7.81%) 161,798 Reports, More
MIM-B.TO MI DEVELOPMENTS COM NPV CL'B' 15.00 12:06PM EST Up 1.00 (7.14%) 100 More
FT.TO FORTUNE MINERALS L COM NPV 0.65 1:47PM EST Up 0.04 (6.56%) 66,375 Reports, More
CTA.TO CROCOTTA ENERGY INC COM NPV 1.00 1:39PM EST Up 0.06 (6.38%) 117,912 Reports, More
AXR.TO ALEXCO RESOURCE CO COM NPV 2.94 1:53PM EST Up 0.17 (6.14%) 52,130 Reports, More
ITP.TO INTERTAPE POLYMER COM NPV 2.51 1:47PM EST Up 0.14 (5.91%) 134,558 Reports, More
BCF.TO BRONCO ENERGY LTD 0.54 1:29PM EST Up 0.03 (5.88%) 223,964 Reports, More
MUN.TO MUNDORO MNG INC 0.72 1:51PM EST Up 0.04 (5.88%) 69,090 Reports, More
CWL-A.TO CALDWELL PARTNERS INC CL A 0.55 9:30AM EST Up 0.03 (5.77%) 2,000 Reports, More
TS-B.TO TORSTAR CLASS'B'N/VTG COM NPV 6.70 1:59PM EST Up 0.32 (5.02%) 17,534 Reports, More
MKX.TO MKS INC 9.25 12:45PM EST Up 0.44 (4.99%) 9,946 Reports, More
AEZ.TO AETERNA ZENTARIS COM NPV 1.10 1:35PM EST Up 0.05 (4.76%) 314,514 Reports, More
MN.TO MARCH NETWORKS COR COM NPV 3.98 1:53PM EST Up 0.18 (4.74%) 3,540 Reports, More
HOD.TO HORIZONS BETAPRO NYMEX 9.57 1:59PM EST Up 0.43 (4.70%) 1,222,192 Reports, More
TWF-UN.TO TIMBERWEST FST CORP 4.69 2:00PM EST Up 0.21 (4.69%) 52,277 Reports, More


Here is an offer you won't believe



VOLUME LEADERS
Symbol Name Last Trade Change Volume Related Info
MFC.TO MANULIFE FINL CORP COM NPV 18.58 1:56PM EST Down 0.20 (1.06%) 5,119,728 Reports, More
XIU.TO ISHARES CDN S&P/TSX 60 IDX F 17.34 1:54PM EST Down 0.07 (0.40%) 4,979,739 More
HOU.TO HORIZONS NYMEX Crude Oil Bull P 9.11 1:57PM EST Down 0.47 (4.91%) 4,427,601 More
LUN.TO LUNDIN MINING CORP COM NPV 4.79 1:57PM EST Up 0.11 (2.35%) 4,251,147 Reports, More
ELR.TO EASTERN PLATINUM COM NPV 0.93 1:57PM EST Down 0.07 (7.00%) 4,015,351 Reports, More
HNU.TO HORIZONS BETAPRO NYMEX 9.43 1:57PM EST Up 0.19 (2.06%) 3,971,682 More
YRI.TO YAMANA GOLD INC COM NPV 14.23 1:57PM EST Down 0.17 (1.18%) 3,671,187 Reports, More
SU.TO Suncor Energy 38.91 1:57PM EST Up 0.11 (0.28%) 3,440,053 Reports, More
RY.TO ROYAL BANK OF CANADA COM NPV 58.10 1:57PM EST Down 0.09 (0.15%) 3,148,688 Reports, More
BMO.TO BANK OF MONTREAL COM NPV 53.96 1:57PM EST Up 0.41 (0.77%) 3,128,135 Reports, More
NGD.TO NEW GOLD INC COM NPV 3.90 1:57PM EST Up 0.03 (0.78%) 3,104,548 Reports, More
ELD.TO ELDORADO GOLD CORP COM NPV 14.49 1:57PM EST Up 0.06 (0.42%) 3,016,354 Reports, More
HTE-UN.TO HARVEST ENERGY TR TRUST UNITS 9.91 1:56PM EST Up 0.01 (0.10%) 2,854,506 Reports, More
HND.TO HORIZONS BETAPRO NYMEX 7.51 1:57PM EST Down 0.19 (2.47%) 2,631,673 Reports, More
ABX.TO BARRICK GOLD CORP COM NPV 45.65 1:57PM EST Down 0.60 (1.30%) 2,410,694 Reports, More
EQN.TO EQUINOX MINERALS COM NPV 4.03 1:56PM EST Down 0.05 (1.23%) 2,346,290 Reports, More
SLW.TO SILVER WHEATON COR COM NPV 17.01 1:57PM EST Down 0.04 (0.23%) 2,289,799 Reports, More
HGD.TO HORIZONS BETA PRO S&P/TSX BEAR 3.98 1:55PM EST Up 0.10 (2.58%) 2,217,547 More
HGU.TO HORIZONS BETAPRO S UNITS CLASS 15.16 1:57PM EST Down 0.37 (2.38%) 2,208,284 More
BBD-B.TO BOMBARDIER INC CLASS'B'S/VTG NP 4.82 1:54PM EST Down 0.14 (2.82%) 2,120,208 Reports, More
SMF.TO SEMAFO INC 4.65 1:53PM EST Down 0.11 (2.31%) 2,067,770 Reports, More
IMG.TO IAMGOLD CORP COM NPV 20.25 1:57PM EST Down 0.40 (1.94%) 2,055,186 Reports, More
CEE.TO CENTAMIN EGYPT NPV 2.28 1:55PM EST Down 0.08 (3.39%) 2,040,204 More
TLM.TO TALISMAN ENERGY IN COM NPV 18.30 1:57PM EST Down 0.31 (1.67%) 1,993,915 Reports, More
BCE.TO BCE INC COM NPV 27.85 1:57PM EST Up 0.12 (0.43%) 1,962,796 Reports, More
NASDAQ VOLUME LEADERS
Symbol Name Last Trade Change Volume Related Info
BRCD Brocade Communications Systems, 7.175 1:56PM EST Down 0.623 (7.99%) 80,823,833 Profile, Reports, More
QQQQ PowerShares Exchange-Traded Fun 43.87 1:56PM EST Down 0.27 (0.61%) 38,843,861 Profile, Reports, More
SEED Origin Agritech Limited 10.69 1:56PM EST Up 0.24 (2.30%) 38,060,350 Profile, Reports, More
INTC Intel Corporation 19.42 1:56PM EST Up 0.02 (0.10%) 32,137,650 Profile, Reports, More
MSFT Microsoft Corporation 29.85 1:56PM EST Down 0.09 (0.30%) 20,962,465 Profile, Reports, More
ETFC E*TRADE Financial Corporation 1.62 1:56PM EST Down 0.02 (1.22%) 19,994,148 Profile, Reports, More
DELL Dell Inc. 14.375 1:56PM EST Down 0.415 (2.81%) 19,492,301 Profile, Reports, More
CSCO Cisco Systems, Inc. 23.67 1:56PM EST Down 0.23 (0.96%) 18,017,819 Profile, Reports, More
DRYS DryShips Inc. 6.23 1:56PM EST Up 0.04 (0.65%) 15,683,792 Profile, Reports, More
CMCSA Comcast Corporation 15.0881 1:56PM EST Down 0.0019 (0.01%) 14,254,089 Profile, Reports, More
FITB Fifth Third Bancorp 9.98 1:56PM EST Down 0.19 (1.87%) 13,361,293 Profile, Reports, More
ORCL Oracle Corporation 22.127 1:56PM EST Down 0.473 (2.09%) 12,172,991 Profile, Reports, More
DTV DIRECTV 31.955 1:56PM EST Up 0.365 (1.16%) 11,972,438 Reports, More
YHOO Yahoo! Inc. 15.35 1:56PM EST Down 0.10 (0.65%) 11,401,246 Profile, Reports, More
COMS 3Com Corporation 7.44 1:56PM EST Down 0.02 (0.27%) 9,574,487 Profile, Reports, More
AMAT Applied Materials, Inc. 12.27 1:56PM EST Down 0.13 (1.05%) 9,284,567 Profile, Reports, More
CIEN Ciena Corporation 12.43 1:56PM EST Up 0.43 (3.58%) 8,999,340 Profile, Reports, More
HBAN Huntington Bancshares Incorpora 3.76 1:56PM EST Down 0.04 (1.05%) 8,831,708 Profile, Reports, More
TLAB Tellabs, Inc. 5.85 1:55PM EST Up 0.14 (2.45%) 8,366,697 Profile, Reports, More
NLST Netlist, Inc. 6.47 1:56PM EST Up 0.03 (0.47%) 8,164,280 Profile, Reports, More
FEED AgFeed Industries, Inc. 5.20 1:56PM EST Up 0.32 (6.56%) 7,855,187 Profile, Reports, More
AAPL Apple Inc. 203.94 1:56PM EST Down 1.94 (0.94%) 7,223,195 Profile, Reports, More
NUAN Nuance Communications, Inc. 14.94 1:56PM EST Up 1.19 (8.65%) 7,198,471 Profile, Reports, More
PMCS PMC 7.96 1:56PM EST Down 0.35 (4.21%) 7,128,017 Profile, Reports, More
NVDA NVIDIA Corporation 12.89 1:56PM EST Down 0.11 (0.85%) 7,006,802 Profile, Reports, More
VOLUME LEADERS
Symbol Name Last Trade Change Volume Related Info
FWR.V FREEWEST RESOURCES CANADA INC. 0.63 1:47PM EST Down 0.01 (1.56%) 5,250,919 Reports, More
EZ.V ENCORE RENAISSANCE RESOURCES CO 0.175 1:53PM EST 0.00 (0.00%) 4,117,445 More
AVR.V AVION GOLD CORPORATION (Tier2) 0.43 1:56PM EST Up 0.015 (3.61%) 3,594,445 Reports, More
TME.V TEMEX RESOURCES CORP. (Tier2) 0.24 1:53PM EST Up 0.02 (9.09%) 2,137,500 Reports, More
TRX.V TERRANE METALS CORP (Tier1) 1.60 1:55PM EST Down 0.06 (3.61%) 1,849,337 Reports, More
MRZ.V MIRASOL RESOURCES LTD. (Tier2) 1.06 1:56PM EST Up 0.39 (58.21%) 1,809,920 Reports, More
SNM.V SHAMARAN PETROLEUM CORP (Tier2) 0.56 1:39PM EST Up 0.06 (12.00%) 1,792,050 Reports, More
SGR.V SAN GOLD CORPORATION (Tier1) 3.70 1:55PM EST Down 0.13 (3.39%) 1,630,788 Reports, More
RTE.V RESULT ENERGY INC. (Tier1) 0.305 1:25PM EST Up 0.005 (1.67%) 1,473,715 Reports, More
DBO-A.V D-BOX TECHNOLOGIES INC. (Tier2) 0.325 1:31PM EST Up 0.005 (1.56%) 1,443,000 Reports, More
ORT-A.V ORBITE V.S.P.A. INC. (EXPLORATI 0.16 1:51PM EST Up 0.03 (23.08%) 1,413,350 More
ALE.V ALANGE ENERGY CORP (Tier2) 0.53 1:56PM EST Down 0.01 (1.85%) 1,332,744 Reports, More
CPQ.V CANPLATS RESOURCES CORPORATION 3.47 1:48PM EST Down 0.07 (1.98%) 1,258,134 Reports, More
TMM.V TIMMINS GOLD CORP. (Tier2) 1.16 1:54PM EST Down 0.04 (3.33%) 1,243,065 Reports, More
CMM.V CENTURY MINING CORPORATION (Tie 0.20 1:34PM EST 0.00 (0.00%) 1,220,741 Reports, More
EVG.V EVOLVING GOLD CORP (Tier1) 1.20 1:51PM EST Up 0.04 (3.45%) 1,020,871 Reports, More
TVC.V TOURNIGAN ENERGY LTD (Tier1) 0.195 1:45PM EST Down 0.015 (7.14%) 1,017,280 Reports, More
AAM.V ATACAMA MINERALS CORP. (Tier1) 0.50 1:39PM EST 0.00 (0.00%) 1,013,000 Reports, More
GLW.V GOLD WHEATON GOLD CORP (Tier1) 0.35 1:49PM EST 0.00 (0.00%) 991,848 More
UCU.V UCORE URANIUM INC (Tier2) 0.49 1:50PM EST Up 0.005 (1.03%) 947,400 Reports, More
APA.V APELLA RESOURCES INC (Tier1) 0.21 1:54PM EST Up 0.04 (23.53%) 885,140 Reports, More
THG.V THREEGOLD RESOURCES INC (Tier2) 0.19 1:29PM EST Down 0.015 (7.32%) 862,934 Reports, More
GWG.V GREAT WESTERN MINERALS GROUP LT 0.29 1:42PM EST Down 0.01 (3.33%) 846,688 Reports, More
NOT.V NORONT RESOURCES LTD. (Tier2) 2.22 1:56PM EST Down 0.08 (3.48%) 833,004 Reports, More
USA.V U. S. SILVER CORPORATION (Tier1 0.195 1:53PM EST Down 0.005 (2.50%) 814,700 Reports, More




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