Volume Leaders
Symbol Name Last Trade Change Volume Related Info EQN.TO EQUINOX MINERALS LIMITED 8.09 0.00 (0.00%) 9,960,969 Chart, Profile, More XIU.TO iShares S&P/TSX 60 Index 19.39 
0.16 (0.82%)9,885,899 Chart, Profile, More MFC.TO MANULIFE FIN 16.98 
0.16 (0.95%)5,475,479 Chart, Profile, More SU.TO SUNCOR ENERGY INC. 40.13 1.67 (4.00%)4,525,658 Chart, Profile, More LUN.TO LUNDIN MINING CORP. 8.81 0.10 (1.12%)4,486,800 Chart, Profile, More K.TO KINROSS GOLD CORP. 14.36 0.52 (3.49%)4,141,143 Chart, More HSE.TO HUSKY ENERGY INC. 28.05 0.50 (1.75%)3,643,464 Chart, Profile, More YRI.TO YAMANA GOLD INC 11.54 0.26 (2.20%)3,498,555 Chart, Profile, More BBD-B.TO BOMBARDIER INC., CL. B, SV 6.87 0.15 (2.23%)3,419,752 Chart, Profile, More UUU.TO URANIUM ONE INC. 4.22 0.22 (4.95%)3,359,116 Chart, Profile, More XEG.TO iShares S&P/TSX Capped Energy 20.39 0.46 (2.21%)3,324,782 Chart, Profile, More CEE.TO CENTAMIN EGYPT LIMITED 1.99 0.01 (0.50%)3,284,213 Chart, Profile, More CNQ.TO CDN NATURAL RES 41.25 1.09 (2.57%)3,017,936 Chart, Profile, More SLW.TO SILVER WHEATON CORP. 34.45 1.20 (3.37%)2,940,269 Chart, Profile, More ABX.TO BARRICK GOLD CORPORATION 45.55 0.51 (1.11%)2,789,029 Chart, Profile, More G.TO GOLDCORP INC 47.53 1.24 (2.54%)2,638,611 Chart, Profile, More YLO.TO YELLOW MEDIA INC. 4.45 0.01 (0.23%)2,487,712 Chart, More BNK.TO BANKERS PETROLEUM LTD. 7.84 0.14 (1.75%)2,326,162 Chart, Profile, More ECA.TO ENCANA CORP. 30.98 0.26 (0.83%)2,258,523 Chart, Profile, More TCK-B.TO Teck Resources Limited 48.14 1.48 (2.98%)2,253,769 Chart, Profile, More TLM.TO TALISMAN ENERGY INC. 21.08 0.03 (0.14%)2,100,058 Chart, Profile, More PWT.TO PENN WEST PETROLEUM LTD. 22.84 0.29 (1.29%)2,085,769 Chart, More IMG.TO IAMGOLD CORP 19.01 0.76 (3.84%)2,074,910 Chart, Profile, More FR.TO FIRST MAJESTIC SILVER CORP. COM 16.84 0.71 (4.05%)2,067,690 Chart, Profile, More ELR.TO EASTERN PLATINUM LIMITED 1.04 0.05 (4.59%)2,026,481 Chart, Profile, More Volume Leaders
Symbol Name Last Trade Change Volume Related Info SCG.V SELECTCORE LTD. 0.42 0.08 (23.88%)10,220,205 Chart, Profile, More ALE.V ALANGE ENERGY CORP. 0.26 0.01 (3.77%)5,150,373 Chart, Profile, More PRY.V PINECREST ENERGY INC. 2.86 0.03 (1.04%)2,677,291 Chart, Profile, More INT.V INTERTAINMENT MEDIA INC. 1.38 0.04 (2.82%)2,524,747 Chart, Profile, More WRG.V WESTERN ENERGY SERVICES CORP. 0.44 0.01 (2.22%)2,439,037 Chart, Profile, More ABV.V N/A 0.35 0.13 (59.09%)2,211,097 Chart, More ISD.V ISIGN MEDIA SOLUTIONS INC 0.43 0.04 (10.26%)2,100,347 Chart, Profile, More SLG.V Sterling Resources Ltd 3.14 0.72 (18.65%)2,089,619 Chart, Profile, More HMX.V HUNT MINING CORP. 0.39 0.11 (39.29%)2,026,400 Chart, Profile, More JIM.V JIMINEX INC. 0.20 0.05 (30.00%)1,917,293 Chart, Profile, More PYN.V POYNT CORPORATION 0.17 0.01 (3.13%)1,912,200 Chart, More OGR.V ORO MINING LTD. 0.29 0.03 (9.43%)1,769,915 Chart, Profile, More AUN.V Aurcana Corporation 0.70 0.02 (2.78%)1,702,012 Chart, Profile, More CUU.V COPPER FOX MINERALS INC. 2.03 0.10 (4.69%)1,631,437 Chart, Profile, More AAA.V ALLANA POTASH CORP. 1.86 0.06 (3.33%)1,567,572 Chart, Profile, More ECX.V EASTCOAL INC 0.77 0.05 (6.10%)1,544,400 Chart, More ORT-A.V ORBITE V.S.P.A. INC. (EXPLORATI 3.92 0.23 (5.54%)1,492,112 Chart, Profile, More IB.V IBC ADVANCED ALLOYS CORP. 0.20 0.01 (4.76%)1,436,286 Chart, Profile, More GWG.V GREAT WESTERN MINERALS GROUP LT 0.77 0.00 (0.00%) 1,401,270 Chart, Profile, More ZMS.V ZECOTEK PHOTONICS INC. 0.50 0.01 (1.96%)1,370,909 Chart, Profile, More SNV.V SONORO ENERGY LTD. 0.27 0.03 (10.00%)1,365,670 Chart, Profile, More PDQ.V PETRODORADO ENERGY LTD 0.34 0.03 (6.85%)1,189,510 Chart, Profile, More UCU.V UCORE RARE METALS INC 0.74 0.04 (5.71%)1,153,089 Chart, Profile, More USA.V U.S. SILVER CORPORATION 0.56 0.02 (3.45%)1,082,976 Chart, Profile, More LVN.V LEVON RESOURCES LTD. 1.84 0.17 (8.46%)1,059,269 Chart, Profile, More
Thursday, May 5, 2011
Leader Board On Markets Today RED RED RED
Posted by Treasure Picks at 2:13 PM
Wednesday, May 4, 2011
g.wt.g-tse Warrants Expiry Warning
The Globe and Mail reports in its Saturday edition that Barrick's share price has lagged gold's big rise of the past few words -- a malady made all the worse by last week's 9-per-cent thumping. The Globe's David Berman writes, however, that lag is neither new nor confined to Barrick. Large-cap gold producers have been struggling next to gold for some time, at least in relative terms. The numbers are compelling when you compare gold with the performance of the NYSE Arca Gold Bugs index, a 16-member index that consists of international biggies such as Barrick, Goldcorp, Newmont and AngloGold. Over the past five years, the index has risen 60 per cent, after factoring in dividends. Gold's return is more than double that, at 135 per cent. For all the hoopla surrounding gold's rise above $1,500 an ounce in 2011, gold stocks have done little more than tread water this year. For equity investors, this is a disappointing trend. Producers are supposed to be a leveraged bet on the commodities they produce. Still, says Mr. Berman, if you missed out on gold's extraordinary run-up, large-cap gold producers are likely the best way to play gold right now. He figures producers have a lot of catching up to do. |
| Composite Indicator | -- Signal -- | -- Strength -- | -- Direction -- |
| Trend Spotter (TM) | Buy | Average | Strongest |
| Short Term Indicators | |||
| 7 Day Average Directional Indicator | Buy | Weak | Strengthening |
| 10 - 8 Day Moving Average Hilo Channel | Hold | Bullish | |
| 20 Day Moving Average vs Price | Buy | Average | Strongest |
| 20 - 50 Day MACD Oscillator | Buy | Maximum | Strongest |
| 20 Day Bollinger Bands | Hold | Bullish | |
| Short Term Indicators Average: | 60% - Buy | ||
| Medium Term Indicators | |||
| 40 Day Commodity Channel Index | Buy | Minimum | Strengthening |
| 50 Day Moving Average vs Price | Buy | Strong | Strongest |
| 20 - 100 Day MACD Oscillator | Buy | Maximum | Strongest |
| 50 Day Parabolic Time/Price | Sell | Weak | Weakest |
| Medium Term Indicators Average: | 50% - Buy | ||
| Long Term Indicators | |||
| 60 Day Commodity Channel Index | Buy | Weak | Strengthening |
| 100 Day Moving Average vs Price | Buy | Maximum | Strongest |
| 50 - 100 Day MACD Oscillator | Buy | Strong | Strongest |
| Long Term Indicators Average: | 100% - Buy | ||
| Overall Average: | 72% - Buy | ||
2011-04-25 06:02 ET - In the News
See In the News (C-ELD) Eldorado Gold Corp
The Globe and Mail reports in its Monday, April 25, edition that Goodman & Co. Investment Counsel manager David Taylor runs Dynamic Canadian Value Class and Dynamic Value Fund of Canada, which posted over five years annualized returns of 7.7 per cent and 7.5 per cent. The Globe's Darcy Keith writes in the Number Cruncher column that Mr. Taylor attributes his success to his use of cash, big sector bets and being contrarian by buying cheap stocks with potential catalysts. Mr. Taylor says, "If you want to be No. 1, you can't build a portfolio that looks like everybody else." In late 2008 Mr. Taylor had boosted cash to 20 per cent, which he put to work in March, 2009. Mr. Taylor's best move came when he slashed his energy weighting that year to 11 per cent versus 30 per cent for the index. It was a contrarian move. He invested in "very cheap" gold stocks when that metal was trading around $500 an ounce compared with $1,500 today. He bought names such as Osisko Mining, Eldorado Gold, Tahoe Resources and also Andean Resources, which has been taken over by Goldcorp. Mr. Taylor says, "I bought gold and silver stocks when everybody was madly in love with and only cared about oil."
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Posted by Treasure Picks at 9:40 AM
Silver drags gold down on biggest 3 day loss since march 2008
Silver Heads for Biggest 3-Day Drop Since 2008 on Margin Boost
May 4 (Bloomberg) -- Silver futures dropped, heading for the biggest three-day fall since March 2008, as an increase in margin requirements on the Comex in New York drove investors away. Gold also fell after a report that Soros Fund Management LLC may have cut holdings.
Silver for July delivery slumped as much as 5 percent to $40.465 per ounce, after losing 7.6 percent yesterday and 5.2 percent on May 2. The metal was at $41.175 at 2:01 p.m. in Singapore, taking losses over the three days to 16 percent. Immediate-delivery gold fell 0.2 percent to $1,533.28 an ounce, also lower for a third session.
CME Group Ltd., Comex’s owner, said this week that the minimum amount of cash that must be deposited when borrowing from brokers to trade silver futures will rise to $16,200 per contract at the close of business yesterday, from $14,513. A year ago, the margin was $4,250.
“Silver is often the lead indicator for changes in trends, or at least for corrections,” David Wilson, an analyst at Societe Generale SA, wrote in a note. After futures rallied to a record $50.35 an ounce in January 1980, prices dropped 78 percent in four months.
Soros Fund Management, the $28 billion hedge fund run by Keith Anderson, has sold much of its gold and silver holdings, the Wall Street Journal reported today, citing unidentified people. Many of the sales took place over the past month as there was a reduced risk of deflation, according to the report.
From the start of this year to the end of April, silver futures rallied 57 percent, peaking at $49.845 on April 25. The metal was the best performer in that period among the 24 raw materials tracked by the Standard & Poor’s GSCI Index.
‘Opportunistic Buyers’
“A reversal of 20 percent or more, returning the metal to levels in the mid-$30s, would not surprise us at all,” Edel Tully, a London-based analyst at UBS AG, wrote in a report. “Only then would we be opportunistic buyers.”
Demand for silver and gold has been supported by the growing prospect of currency debasement and accelerating inflation. The dollar fell 7.5 percent against a basket of six major currencies this year, sliding to its lowest level since 2008.
Silver assets held in exchange-traded products fell 1.1 percent to 15,169.80 metric tons yesterday, while gold holdings stood little changed at 2,069.78 tons, according to data compiled by Bloomberg.
Gold for June delivery in New York declined as much as 0.6 percent to $1,531.20 an ounce, after losing 1.1 percent yesterday. Futures reached a record $1,577.40 on May 2.
Gold to Silver Ratio
Gold was “dragged lower by another sharp drop in silver,” Mark Pervan, head of commodity research at ANZ Banking Group Ltd., wrote in a note. “Although silver is a smaller market and prone to choppy trading, it still had a bearish impact.”
UBS’s Tully said the gold-to-silver ratio may return to 40 this month after a decline to 31.7135 on April 28, the lowest level since 1980. An ounce of gold bought 37.15 ounces of silver today.
“We remain significantly more friendly to gold than to silver,” she said. “We find it very likely that investors, happy with their silver gains this year, will accelerate their profit-taking.”
Palladium for immediate delivery lost 0.8 percent to $767.75 an ounce, while platinum fell 0.7 percent to $1,841.50
Posted by Treasure Picks at 7:00 AM
