Friday, December 27, 2013

Frances Horodelski Says...

Keep an eye on the little things today
The chase by Frances Horodelski:

As of last night there were about 46,000 customers in the Toronto area without power. My family is one of those customers. Maybe today……
While my house is an uncomfortable zero degrees (water turned off and pipes drained), the equity markets in New York were hot yesterday and there is lots of green fire today as well.The S&P 500 is up 29.16% on the year with three trading days left. The VIX has dropped back into the low end of the year’s trading range (12.33) and according to MKM Partners, we may be in for another year of low volatility. High volatility periods last on average 5.5 years. For this cycle, that high volatility period ended in January of 2013. While there have been six waves of volatility in 2013 (corresponding to only modest pullbacks), analysts at MKM believe 2014 will be similar. Low volatility corresponds to low correlations meaning individual stocks trade more on company specific information rather than en masse. This assessment should also determine hedging strategies. Portfolio management should focus on the individual stock or sector level rather than the entire market according to MKM Partners.
Once again, it is a quiet trading day but there are lots of little pieces of news that could move individual stocks. The Russians and Belarus could be getting back together says the new CEO of Uralkali (“We feel that the joint work should resume, and most likely that will happen”) according to a Reuters story. Blackberry co-founder Mike Lazaridis sold 3.5 million shares to now own 26.267 million shares (4.99%). Audi (owned by Volkswagen) plans to invest $30.3 billion US through 2018 in an attempt to catch up with BMW. Remember that recently VW announced big spending plans as well - $114 billion also through 2018. Sticking with cars, GM’s China division is recalling some 1.46 million Buicks and Chevrolets due to a problem with a bracket that secures the fuel pump. And a final auto comment, according to AutoTrader.com the top five vehicles in 2013 were: Ford F-150, Jeep Wrangler, Ram 1500, Ford Mustang and Chevrolet Silverado.
If you’re a global politics fans, here are the top five trends that will shape 2014 according to Stratfor: 1) An enduring detente between Iran and the United States; 2) The rise of nationalist and extremist parties in Europe; 3) Russia and Germany bargain over Central/Eastern Europe and energy policy; 4) China's return to strongman politics; 5) Domestic turmoil and economic stress in India and Turkey. What are your political hot spots? Who are you watching for the best prediction for 2014?
Things to watch in 2014: Copper (will it be the year of global growth that will put a bump into the global commodity complex?); currencies (will the upside pressure on interest rates allow the U.S. dollar to come back. And what about the Chinese renminbi which has been trading at all time highs relative to the U.S. dollar? Will this continue?) Interest rates – what will a 3% or 3.5% or even 4% yield do to the relative value call of stocks versus bonds (the 10-year yield is trading right now at 3.01%). These are the big stories that might dictate the macro call but would have important consideration for asset and sector selection in 2014.
Today we will receive inventories for natural gas and oil. The economic calendar is blank. There are, however, almost 100 small companies that are publicly traded in Canada that are releasing quarterly results! Textron is buying Beechcraft. Two states in the U.S. are reviewing options for recouping costs related to Obamacare.gov healthcare website from CGI Group according to the Boston Globe. Massachusetts has paid $11 million of $69 million – and will not pay a cent more until “a functioning website has been delivered”. Stories in various U.S. papers (including now the Wall Street Journal) are talking about the potential for another delay in the Keystone XL pipeline approval process due to a conflict of interest with one of the contractors. Our own Jameson Berkow has been reporting on this since these conflicts first surfaced in July.
My feet have just warmed up and that’s all I have today.

Tuesday, December 24, 2013

The chase by Frances Horodelski Repost

Holiday countdown
The chase by Frances Horodelski:

That was fun. But I’m over it. So can I please have my power back on? Now would be nice.
The power on Wall Street (and even Bay Street recently) has been pretty spectacular. As of this moment, the numbers for 2013 are Dow +24.35%, S&P +28.17%, Nasdaq +37.4% and TSX +8.16%. The TSX has underperformed the S&P for three years in a row. The S&P 500’s performance is the best since 1997 (which was followed by another two years of strong gains).
And the bulls are out. Here’s a comment from regular BNN guest Kevin Cook at Zacks: “My list of 5 forces hasn't changed since I first wrote of them in January: 1) Macro risk "off" (Europe, China, Washington)=Investing risk "on" (to the upside); 2) Economic growth is good enough and building momentum; 3) The Fed remains steadfastly on the side of pro-growth and reflation; 4) Corporations are producing record profits and balance sheets are strong; 5) Cash is still trash and fund managers MUST chase and compete for stocks. What exactly didn't 95% of hedge funds who got beat by Mr. Market this year not understand about these bullish drivers? When you combine these factors, you have the recipe for a huge "multiple-expansion rally." And when this game is on, like it was in the 1990's, you don't worry about a "fully-valued" market because the momentum is probably going to ‘over-valued.’ Bottom line: I am not worried about a bubble in equities. Sure, this will run too far ahead of the economy at some point and a correction will follow. But there will be little damage to the economy because the benefits from consumer confidence and the wealth effect far outweigh the excess a good correction might have to wring out.”
David Rosenberg published his 2014 report yesterday and it is titled “2014 – The Year of the Horse: The one that’s about to break out of the gate.” The year will be a surprise year like 1984, 1994 and 2004 and that the upside macro surprise shifts from the UK to the U.S. – and as previously, years ending is 4s, Rosenberg says, all fit the bill of economic acceleration.
On the news front, appropriately thin with Sherritt selling off its coal assets, KKR investing $250 million in Canada’s Torq Energy Logistics, retail survey company ShopperTrak reports retail sales for the week ending December 16 down 3.1% from the same period last year. Bricks and mortar traffic was down 21.2% and the last Saturday before Christmas (21/12/13) saw a 0.7% decline in sales and an 18.1% drop in traffic. GDP in China according to economists is expected to grow 7.4% in 2014 and officials are reported (Reuters) to be targeting 7.5% growth in 2014 (concerns had run rampant through the world that the target growth rate would be 7%).
So now is the time to relax and enjoy. Remember that family you might have ignored over the year (or the friends, and even the enemies) – take some time to get reacquainted. And while you’re at it, see a movie with them or share excerpts from a book. Do the big Globe & Mail holiday crossword as a family or a group of friends (very satisfying). Maybe just smile.
Movies I want to see over the holidays (in no particular order – except the first is the first):Inside Llewyn Davis, American Hustle, Nebraska, The Hobbit 2, The Wolf of Wall Street, The Secret Life of Walter Mitty, The Counselor, Her and Saving Mr. Banks. Did I miss any?
Best books of the year for me: Perfect (awesome story); currently reading The Goldfinch (also awesome); only book on the New York Times top 100 that I have read The Woman Upstairs. Books on my shelf that will be read shortly include The Luminaries and The Rosie Project. Oh, and in 2014, I just might re-read all ten books of The Dance to the Music of Time by Anthony Powell. Now that will keep me warm
Happy holidays.

Biggest penny stock fraud in history...

Curry, and his father Greg are currently in jail in New York in connection with what U.S. authorities are calling the biggest penny stock fraud in history. The Canadians are among nine people arrested in August in connection with the scam, which raked in about $140 million (U.S.) from investors.

The province’s stock market watchdog has ordered an Aurora man, his wife, and his companies to pay more than $160,000 in connection with a scheme to glean fees from penny stock investors. The Ontario Securities Commission has ordered Kolt Curry, American Heritage Stock Transfer Inc. (Ontario), and American Heritage Stock Transfer, Inc. (Nevada) to pay a penalty of $100,000 for breaching the province’s securities laws, and $60,000 in hearing costs. Curry’s wife, Laura Mateyak, was also ordered to pay a penalty of $2,500, the OSC said in a decision issued on Friday. She consented in the breaches in her capacity as an officer and director of AHST (Ontario). The OSC also reprimanded Curry and permanently banned him from trading or acquiring securities, from acting as a director or officer of a publicly-traded company, an investment fund manager, or a stock promoter. Mateyak received five-year bans in the same categories, the OSC noted in a press release issued Monday. Curry and Mateyak were also banned from telephoning residences for the purpose of trading in securities. In May, 2009, AHST sent letters to shareholders of Nanotech Industries.

 The letters said investors could receive “unpaid dividends” and offered a chance to buy more Nanotech shares for less than the current trading price. The letter stated that Nanotech stock traded at nearly $5 per share. In fact, the stock price was manipulated as part of a broader scheme, and it traded at 5 cents per share, the OSC found in its investigation. AHST did no “independent inquiry” to determine the accuracy of the statements in its letter, according to a statement of agreed facts filed with the OSC in May, 2013. Curry and the AHST companies traded securities without being registered and made illegal distributions of securities and prohibited representations, according to the statement. AHST did not receive money from investors,

the OSC noted. “Although no investors took the bait, the possibility of widespread losses by potential investors was significant, given that the Nanotech letter was sent to over 10,000 addresses around the word,” OSC commission James Carnwath wrote in his decision. “Curry was also instrumental in the preparation and distribution of the Nanotech letter.” found that Mateyak was not “an essential player” in the Nanotech scheme, as prosecutors for the OSC argued, but “merely followed the instructions of her husband.”

 In a separate decision released in August, the OSC found that a Toronto man, Sandy Winick, provided Curry with a draft of the Nanotech letter and addresses of the recipients. The commission determined that Winick traded without being registered and “engaged in an illegal distribution of securities.” It has not yet handed down sanctions against Winick. Winick,

Curry, and his father Greg are currently in jail in New York in connection with what U.S. authorities are calling the biggest penny stock fraud in history. The Canadians are among nine people arrested in August in connection with the scam, which raked in about $140 million (U.S.) from investors.

The Star Source

Thursday, December 19, 2013

Equity investors as a whole had a great year 2013 BUT Income Investors did not do nearly as well.

While equity investors as a whole had a great year, those weighted toward income-generating stocks and bonds—including many retirees—did not do nearly as well. Canada’s real estate investment trust sub-sector was down 11.5% as of late November, and utilities were off 7.3%. Long-term bonds fell too, dragging the DEX Universe Bond Index down nearly 4% in 2013. You read that right, ye of short memory: bonds can lose value.
This marked a break from the pattern since the 2008 crash, when there was no better investment to own than an income-generating one. The inflection point came in June, when the U.S. Federal Reserve announced that it would start tapering its quantitative easing purchases. The interest rates on long-term debt immediately began rising on the expectation that an improving U.S. economy and creeping inflation would force the Fed to eventually raise overnight lending rates. When rates climb, bond prices drop and certain yielding stocks start looking less attractive, explains Josh Peters, Morningstar’s director of equity-income strategy.
Dividend-paying equities had it worse than bonds because they ran into valuation issues. During the post-crash years, these stocks became so popular as a higher-yielding alternative to bonds that many of them became overpriced. Once bond yields began rising again, the investor exodus affected stock prices more than if they were undervalued.
Defensive stocks generally tend to underperform in a higher-growth environment too. “When the market is expressing optimism, these companies don’t gain as much, and they’re not as profitable,” says Peters.
The most affected companies were those with bond-like characteristics, says Douglas Burtnick, a senior investment manager with Aberdeen Asset Management. “They have stable income streams, and investors value them with the same basic principles as a bond,” he says. That’s a benefit in a volatile environment, but not in a rising-rate climate. “These equities go down the same as bonds do.”
Where income investments go from here largely depends on whether or not rates continue to rise, says Burtnick. Given that rates are still extremely low, investors shouldn’t be surprised if long bonds and dividend payers end up taking another hit. Income stocks are still worth owning, he says, but stick to ones that are reasonably priced and raise their dividend every year. 

Wednesday, December 18, 2013

Markets Boom Inspite: Federal Reserve has decided to taper its bond-buying program by $10 billion US to $75 billion



The U.S. Federal Reserve has decided to taper its bond-buying program by $10 billion US to $75 billion a month, beginning in January.
As Ben Bernanke prepares to step down as chair of the powerful U.S. central bank, the Fed voted Wednesday to reduce its monthly bond-buying program from $85 billion to $75 billion a month.
"Beginning in January, the committee will add to its holdings of agency mortgage-backed securities at a pace of $35 billion per month rather than $40 billion per month, and will add to its holdings of longer-term Treasury securities at a pace of $40 billion per month rather than $45 billion per month," it said in a statement.
The move came as a surprise to investors, who did not expect the Fed to taper its stimulus in Bernanke's final month in office. Markets surged on the news with the Dow up 200 points in the half hour after the announcement.
It was at an all-time high at the end of the day, up 240 points at 16,119.
The bond purchases are intended to keep long-term loan rates low to spur economic growth and Bernanke in his news conference noted that the Fed continues a high rate of stimulus and continues to build a large portfolio of U.S. bonds, now amounting to about $4 trillion.

Saturday, December 14, 2013

Sandy Winick, a two-time bankrupt and philanderer hitting his stride in the murky world of penny stocks

 

The Swinging Swindler (Part 2 of 2)

Sandy Winick, a two-time bankrupt and philanderer, started out slowly in business in Toronto before hitting his stride in the murky world of penny stocks. The U.S. stock watchdog blew the whistle on him in 2009. The Ontario regulator followed two years later. His response: Go big or go home.

 

Sandy Winick had settled into a multi-million dollar mansion in an upscale north Toronto neighbourhood with his wife and two young daughters in 2005. It seemed life couldn’t get much better. They would frolic in an outdoor pool and entertain frequently. They reveled in other comforts such as a home theatre and big recreation room. Four fireplaces kept them cozy. A giant aquarium was a nice conversation piece. Winick and his second wife Jodi also drove luxury cars and travelled a lot. He had come a long way after growing up poor and struggling in business as a young adult before hitting it big in the shady world of penny stock promotion.

But by 2009, cracks had appeared. Two years earlier, Winick quit Blackout Media, an entity that actually held a minority stake in a real business –The Fight Network. The fledging pay television network reached Canadian television screens and attracted financing from venture capitalists. Blackout said Winick had departed “to pursue other interests” without explaining why or what happened to his ownership stake.

In August 2009, the U.S. Securities and Exchange Commission found Winick had broken numerous securities laws in spinning out a stunning 59 empty companies from Blackout so he could sell unregistered shares and pocket the money. Proceeds for him totaled $3.2 million (U.S.). The regulator ordered a payback. He ignored it. On the personal side, there were fewer family gatherings in the north Toronto backyard. His marriage was in trouble. Within a year, Winick split from his wife while continuing a long-running affair with another woman.

Read Full Article Here

Friday, December 13, 2013

ZNext Mining Corp., for a “pump and dump” stock manipulation scheme.



ZNext Mining Corp., for a “pump and dump” stock manipulation scheme.

A con artist buys a con artist’s company

A serial fraudster with an aristocratic name used Winick company for her own ‘pump and dump’ stock racket.

 

Con artist Sandy Winick spun out 59 empty companies so he could use them to create a trading market and make money during the last decade. One of them was Pearl Asian Mining Industries.
And in 2005, Pearlasia Gamboa, alias “Princess Bae Catiguman,” bought the company from Winick so she could sprinkle some personal marketing magic on the firm and turn it into gold for herself.
The U.S. Securities and Exchange Commission later charged that Gamboa used the company, which changed its name to ZNext Mining Corp., for a “pump and dump” stock manipulation scheme. She orchestrated the sale of 1.9 billion shares and issued a series of news releases touting mining activity in the Philippines and a cost-saving ore refining system, according to the SEC.
The stock climbed and Gamboa collected more than $1 million in three years before the share price fizzled.
A district court judge ordered a default judgment totalling $1.8 million and a lifetime trading ban against her in 2010 as a result of the case. She never showed up in court or paid the penalties.
A U.S. court later permanently barred her from selling penny stocks.
ZNext has also popped up in a much bigger scheme as part of a U.S. crackdown of international investment fraud.
U.S. investigators have described Gamboa as a serial fraudster after other brushes with the law.
Gamboa, who is in her early 60s, has portrayed herself as an investor and president of the Dominion of Melchizedek, a tiny island in the South Pacific, according to one San Francisco magazine.

...
The stock climbed and Gamboa collected more than $1 million in three years before the share price fizzled.
A district court judge ordered a default judgment totalling $1.8 million and a lifetime trading ban against her in 2010 as a result of the case. She never showed up in court or paid the penalties.
A U.S. court later permanently barred her from selling penny stocks.


 

Thursday, December 12, 2013

Bank Of Canada says "focus is on inflation"

“Our focus is on inflation and is our forecast going to work out that gets inflation back up to target around two years from now. That’s our main preoccupation and markets will choose to grind out an exchange rate independently of that.”

http://www.canadianbusiness.com/business-news/bocs-poloz-says-low-interest-rates-needed-to-keep-deflation-at-bay/

Monday, December 9, 2013

Wealthiest 1% earn 10 times more than average Canadian


 Canada's rich earn on average $381,300 a year and are mostly male, white and married


Statistics Canada has published the final batch of data from its new and controversial National Household Survey — the survey meant to stand in for the long-form census scrapped by the Conservatives in 2010. The release was delayed for a month because of a glitch in the agency's formulas.
It shows that the median family income in Canada is $76,000 — generally higher in the west than the east — while the median individual income is just $27,600. That means just as many individuals earn less than $27,600 as earn more.
The richest 10 per cent of individuals are making more than $80,400. And the very rich — the 272,600 individuals who make up the top one per cent — are all making more than $191,100.
Those people are making an average of $381,300 each, 10 times the average Canadian income of $38,700. The large discrepancy between the median and the average suggests there is a very small percentage of the super-rich.

“everything is rigged.” financial journalist Matt Taibbi says in an interview with Amanda Lang airing on Monday night's The National.

Historically, the system works because people have confidence in the system and believe they are treated the same as anybody else.
But it’s getting harder and harder to ignore the stories of powerful people cheating the system for their own gain. As the bad apples add up it gets harder and harder to ignore a troubling realization — “everything is rigged.”

Everyday, trillions of dollars are exchanged by buyers and sellers, on trading floors across the world. The places that happens are colloquially known by the nebulous moniker of “the markets” and every time somebody buys a barrel of oil, a shipment of potash, a Royal Bank share or a Japanese yen, there’s a real person behind that transaction.
  • WATCH Amanda Lang's piece on how the system is rigged against you on The National on Monday night. It airs tonight at 9 and 11 p.m. on CBC News Network, and at 10 pm on CBC Television
Historically, the system works because people have confidence in the system and believe they are treated the same as anybody else.
But it’s getting harder and harder to ignore the stories of powerful people cheating the system for their own gain. As the bad apples add up it gets harder and harder to ignore a troubling realization — “everything is rigged.”
That’s what financial journalist Matt Taibbi says in an interview with Amanda Lang airing on Monday night's The National. After years of reporting on some of the best examples of Wall Street stacking the deck in its favour, Taibbi has concluded that the entire system underpinning the global economy is rigged in some form or another. And it’s not just financial markets that are at stake. The real economy, with factories, services, goods and jobs for real people, is under threat.
'Certain people always win and certain people always lose.'- Matt Taibbi, financial journalist
“There’s a few smaller, inside actors who always seem to win,” he told the CBC’s Amanda Lang recently. “They have more information than anyone else.”
Everything from the price of food, to currencies, financial transactions known as “swaps” and interest rates implicated, he says. “We’ve got a lot of work to get it back to some place where it’s at least close to fair.”
“[Right now] it seems certain people always win and certain people always lose.”

Case study:  Detroit

Detroit’s best known today as a case study in what happens to a declining manufacturing base. But the city was also home to a type of financial fakery that’s becoming all too common.
Investment bank Goldman Sachs has been accused of creating an artificial shortage of aluminum by buying warehouses in the city to store the metal, and then intentionally causing delivery delays to create artificial profits.
  • Why a Detroit-style bankruptcy is unlikely in Canada
Through a subsidiary, Goldman owns 27 warehouses around the city, housing 1.5 million ounces of aluminum, for customers who pay to store it there.
The longer it’s there, the longer Goldman can charge its customers. But some started to complain that Goldman was making money by shuffling the metal between its warehouses – instead of out to its owners – and charging them more rent in the process.
The story drew the eye of New York Times journalist David Kocieniewski.
LME-WAREHOUSING
Goldman Sachs has been accused of stockpiling aluminum in its warehouses in order to charge more rent for storing it. (Ilya Naymushin/Reuters) (REUTERS)
“It used to be a six-week wait for metal and now it’s 16 months, what happened?” Kocieniewski asks.
“You hear their explanations – ‘there aren’t enough trucks [and] forklift drivers’ but Detroit’s unemployment rate is 25 per cent, so that seems kind of implausible. It was clear it was something that they were doing,” he says of the sudden scarcity.
The bank claimed it was working “feverishly” to deliver the metal to its eager customers. But in one video posted online by a warehouse worker, all you could see was aluminum stacked to the rafters, but not a single employee working to move it anywhere.
“One of the drivers who moved the metal said ‘well we just move it from one place to another, once we get one warehouse filled up we close it down and it’s a merry-go-round,’” Kocieniewski said. Every hour that metal is sitting there Goldman is just collecting money on it.
And that gets passed on to consumers by increasing the price of real goods like aluminum foil, pop cans and the siding on your house.
Goldman Sachs declined to make anyone available for an interview, but emailed CBC News a statement saying they deny the allegations.

Case study: Inside information

New York’s Wall Street is a place where rigging has become sadly too commonplace.
One of the biggest recent examples was at New York hedge fund Galleon, run by a man named Raj Rajaratnam. Insider trading is one of the oldest and least sophisticated ways of rigging a market, and Galleon is one of the most egregious recent examples. Under Rajaratnam’s watch, Galleon would routinely pay corporate insiders for information about their companies ahead of when they were disclosed to others. (That way the fund could trade in advance on any good news or bad news to come.)
What was so shocking about Galleon was the brazenness — how employees were caught on tape rigging the system, and not seeming to care. Even today, some people involved still don’t seem to quite see the problem.
“The bottom line was to make money … and if you weren’t adding to the end goal you were kind of useless,” says Turney Duff, a former trader at Galleon who’s written a book about his experiences there.
'I didn’t feel like we were going to get caught. You know, it felt like jaywalking'- Former hedge fund employee Turney Duff
“I’m not making excuses for my behaviour,” he told CBC’s Amanda Lang in a recent interview. “ I made a lot of mistakes and a lot of the decisions that I made … wasn’t based on right or wrong it was based on [lack of] consequences.
“I didn’t feel like we were going to get caught. You know, it felt like jaywalking.”
That mentality may be part of the problem — that there’s insiders at the top of a pyramid who feel they have the right to set prices and profit wherever they see fit, Taibbi and others say.
“The basis of all these problems that we’ve had in the last decade or so is that it’s a very insular community, this financial community. It’s a very small group of people making very, very weighty decisions and I think these guys, to them, it’s not real. It’s just a bunch of numbers on a paper,” Taibbi said.

Case study: rigging LIBOR

One of the most serious examples of rigging might be the London Interbank Overnight Rate or LIBOR which has apparently been manipulated by a handful of trading firms for their own profit. Trillions of dollars of real things like mortgage rates and student loans payments are priced off LIBOR.
LIBOR is set today the same way it has been for more than a century — via phone calls between traders, telling each other what rates they were giving out and taking in that day. In retrospect, it was gapingly open to abuse.
In a series of wiretapped phone calls unearthed by British regulators, traders could be heard doing favours for each other, lying to officials about the rate in order to meet their targets. It was a game to them, but one where people in the real world economy were the losers.

Conclusion: new tools needed

There’s a sense among the general public that nobody seems to be maintaining the integrity of the system. Bart Chilton, the head of U.S. regulator the Commodities and Future Trading Commission, says his office is committed to maintaining the system’s integrity. But, he says his office isn’t given the tools he needs to properly do the job.
“They don’t have enough people to do this stuff,” Chilton says. “[Washington] doesn’t care about about this and unfortunately Congress and government is very reactive.”
He notes that his office has 158 agents to police more than $5 trillion worth of financial contracts per year.
In contrast, the more well-known Securities and Exchange Commission has more than 100 agents assigned to its investigation of baseball pitcher Roger Clemens.
Until the powers that be make levelling the playing field a priority, the system is likely to remain skewed. And the people doing the rigging getting caught will be the exception, not the rule.

Wednesday, December 4, 2013

Price % Gainers

Price % Gainers

SymbolNameLast TradeChangeVolumeRelated Info
POW-PE.TOPOWER CORP PART PR38.003:06PM ESTUp 5.00(15.15%)1,100Chart, Profile, More
BLD.TOBALLARD POWER1.563:05PM ESTUp 0.19(13.87%)414,058Chart, Profile, More
SMF.TOSEMAFO J2.723:06PM ESTUp 0.28(11.48%)1,164,604Chart, Profile, More
NTB.TONEPTUNE TECHNOLOGIES & BIORESSO2.993:06PM ESTUp 0.29(10.74%)47,500Chart, More
SEA.TOSEABRIDGE GOLD INC.7.782:59PM ESTUp 0.69(9.73%)32,886Chart, Profile, More
TMM.TOTIMMINS GOLD CORP1.193:02PM ESTUp 0.10(9.17%)346,079Chart, More
HYG.TOHYDROGENICS CORPORATION16.503:05PM ESTUp 1.36(8.98%)4,802Chart, Profile, More
SBB.TOSABINA GOLD AND SILVER CORP0.612:55PM ESTUp 0.05(8.93%)332,114Chart, Profile, More
NG.TONOVAGOLD RES INC.2.563:06PM ESTUp 0.20(8.47%)98,187Chart, Profile, More
ANV.TOALLIED NEVADA GOLD CORP.3.513:05PM ESTUp 0.25(7.67%)136,729Chart, Profile, More
KWH-UN.TOCRIUS ENERGY TRUST4.583:06PM ESTUp 0.23(5.29%)52,940Chart, More
KGI.TOKIRKLAND LAKE GOLD INC.2.833:06PM ESTUp 0.19(7.20%)221,862Chart, Profile, More
CHE-UN.TOCHEMTRADE LOGISTICS INCOME FUND18.243:05PM ESTUp 1.22(7.17%)574,075Chart, Profile, More
CHR-A.TOCHORUS AVIATION INC CL A3.863:05PM ESTUp 0.25(6.93%)34,770Chart, More
CAL.TOCALEDONIA MINING CORPORATION0.783:05PM ESTUp 0.05(6.85%)82,323Chart, Profile, More
BCI.TONEW LOOK EYEWEAR INC15.983:05PM ESTUp 0.98(6.53%)3,650Chart, Profile, More
CYT.TOCATALYST PAPER CORPORATION1.173:05PM ESTUp 0.07(6.36%)2,300Chart, More
AXR.TOALEXCO RESOURCE CORP.1.363:05PM ESTUp 0.08(6.25%)21,610Chart, Profile, More
AGI.TOALAMOS GOLD INC.13.093:05PM ESTUp 0.77(6.21%)443,932Chart, Profile, More
CNL.TOCONTINENTAL GOLD LTD2.573:05PM ESTUp 0.15(6.20%)448,508Chart, Profile, More
AUQ.TOAURICO GOLD INC4.013:05PM ESTUp 0.23(6.08%)774,784Chart, More
RYL.TOROYAL HOST INC1.252:50PM ESTUp 0.07(5.93%)500Chart, More
FR.TOFIRST MAJESTIC SILVER CORP. COM10.073:05PM ESTUp 0.56(5.89%)666,464Chart, Profile, More
PLG.TOPILOT GOLD INC0.903:06PM ESTUp 0.05(5.88%)9,491Chart, More
NGD.TONEW GOLD INC.5.293:06PM ESTUp 0.29(5.80%)769,090Chart, Profile, More
MUX.TOMCEWEN MINING INC2.013:06PM ESTUp 0.11(5.79%)149,345Chart, More
CG.TOCENTERRA GOLD INC.3.663:06PM ESTUp 0.20(5.78%)747,822Chart, Profile, More
GVC.TOGLACIER MEDIA INC1.483:05PM ESTUp 0.08(5.71%)20,522Chart, Profile, More
EDV.TOENDEAVOUR MINING CORP0.563:05PM ESTUp 0.03(5.66%)918,389Chart, Profile, More
BTO.TOB2GOLD CORP.2.113:06PM ESTUp 0.11(5.50%)3,321,142Chart, Profile, More
HBM.TOHUDBAY MINERALS INC.7.773:05PM ESTUp 0.40(5.43%)464,134Chart, Profile, More
WDO.TOWESDOME GOLD MINES LTD.0.612:53PM ESTUp 0.03(5.17%)29,820Chart, Profile, More
CHR-B.TOCHORUS AVIATION INC CL B3.873:05PM ESTUp 0.19(5.16%)847,153Chart, More
PAA.TOPAN AMERICAN J11.263:06PM ESTUp 0.55(5.14%)274,453Chart, Profile, More
SBT-UN.TOSILVER BULLION TRUST UNITS11.352:50PM ESTUp 0.55(5.09%)7,261Chart, More
CDH.TOCORRIDOR RESOURCES INC.0.833:05PM ESTUp 0.04(5.06%)6,850Chart, Profile, More
YRI.TOYAMANA GOLD INC9.413:05PM ESTUp 0.45(5.02%)1,811,662Chart, Profile, More
TSL.TOTREE ISLAND STEEL LTD0.843:03PM ESTUp 0.04(5.00%)65,451Chart, More
GDL.TOGOODFELLOW INC8.923:05PM ESTUp 0.42(4.94%)700Chart, Profile, More
IBG.TOIBI GROUP INC.0.853:05PM ESTUp 0.04(4.94%)27,221Chart, More
OSK.TOOSISKO MINING CORPORATION4.073:06PM ESTUp 0.19(4.90%)2,189,857Chart, Profile, More
TV.TOTREVALI MINING CORPORATION0.862:50PM ESTUp 0.04(4.88%)468,132Chart, More
P.TOPRIMERO MINING CORP5.253:06PM ESTUp 0.23(4.58%)235,828Chart, Profile, More
PRW.TOPETROWEST CORPORATION0.923:06PM ESTUp 0.04(4.55%)649,036Chart, More
LYD.TOLYDIAN INTERNATIONAL LIMITED0.693:03PM ESTUp 0.03(4.55%)35,750Chart, Profile, More
MXG.TOMAXIM POWER CORP.3.003:06PM ESTUp 0.13(4.53%)171,600Chart, Profile, More
EDR.TOENDEAVOUR SILVER CORP.3.793:05PM ESTUp 0.16(4.41%)136,364Chart, Profile, More
CDM.TOCOEUR MINING INC11.553:05PM ESTUp 0.48(4.34%)15,998Chart, Profile, More
GTX.TOGRAN TIERRA EXCHANGECO INC.7.593:05PM ESTUp 0.31(4.26%)5,700Chart, Profile, More
AEM.TOAGNICO EAGLE MINES LIMITED28.393:06PM ESTUp 1.14(4.18%)1,331,962Chart, Profile, More
PG.TOPREMIER GOLD MINES LTD.1.493:06PM ESTUp 0.06(4.20%)1,251,362Chart, Profile, More
K.TOKINROSS GOLD CORP.5.013:06PM ESTUp 0.20 (4.16%)2,565,847Chart, More
TNX.TOTANZANIAN ROYALTY EXPLORATION C2.072:58PM ESTUp 0.08(4.02%)32,500Chart, Profile, More
SSL.TOSANDSTORM GOLD LTD4.673:05PM ESTUp 0.18(4.01%)564,691Chart, More
SLW.TOSILVER WHEATON CORP.21.463:06PM ESTUp 0.81(3.92%)1,310,804Chart, Profile, More
PHS-U.TOSPROTT PHYSICAL SILVER TRUST7.803:06PM ESTUp 0.29(3.86%)22,039Chart, More
DEE.TODELPHI ENERGY CORP.1.623:05PM ESTUp 0.06(3.85%)5,122,120Chart, Profile, More
CEF-A.TOCENTRAL FUND OF CANADA LTD., CL14.563:05PM ESTUp 0.53(3.78%)106,217Chart, Profile, More
FNV.TOFRANCO-NEVADA CORPORATION41.753:05PM ESTUp 1.51(3.75%)557,077Chart, Profile, More
SW.TOSIERRA WIRELESS20.673:00PM ESTUp 0.73(3.66%)69,918Chart, Profile, More
TMB.TOTEMBEC INC.2.882:56PM ESTUp 0.10(3.60%)106,562Chart, Profile, More
RGL.TOROYAL GOLD J48.002:50PM ESTUp 1.66(3.58%)3,320Chart, Profile, More
AZC.TOAUGUSTA RESOURCE CORPORATION1.463:05PM ESTUp 0.05(3.55%)113,456Chart, Profile, More
ASR.TOALACER GOLD CORP2.073:05PM ESTUp 0.07(3.50%)1,008,203Chart, More
OGD.TOORBIT GARANT DRILLING INC.1.193:06PM ESTUp 0.04(3.48%)400Chart, Profile, More
G.TOGOLDCORP INC23.013:06PM ESTUp 0.76(3.42%)2,960,367Chart, Profile, More
CNE.TOCANACOL ENERGY LTD5.793:05PM ESTUp 0.19(3.39%)512,194Chart, More
ELD.TOELDORADO GOLD6.103:05PM ESTUp 0.20(3.39%)2,118,175Chart, Profile, More
TXG.TOTOREX GOLD RESOURCES INC0.933:05PM ESTUp 0.03(3.33%)577,540Chart, Profile, More
UR.TOURTHECAST CORP2.482:54PM ESTUp 0.08(3.33%)360,954Chart, More
MNS.TOROYAL CDN MINT CDN SILVER RESER12.813:06PM ESTUp 0.41(3.31%)2,822Chart, More
AR.TOARGONAUT GOLD INC.5.323:06PM ESTUp 0.17(3.30%)477,381Chart, Profile, More
KSP-UN.TOKINGSWAY LINKED RETURN OF CAPIT20.503:06PM ESTUp 0.65(3.27%)1,637Chart, More
DGC.TODETOUR GOLD CORPORATION3.823:05PM ESTUp 0.12(3.24%)2,168,725Chart, Profile, More
BRD.TOBRIGUS GOLD CORP0.643:05PM ESTUp 0.02(3.23%)110,809Chart, Profile, More
SSO.TOSILVER STANDARD RES INC.6.443:05PM ESTUp 0.20(3.21%)183,990Chart, Profile, More
SCC.TOSEARS CANADA INC19.143:03PM ESTUp 0.59(3.18%)28,044Chart, Profile, More
SUE.TOSULLIDEN GOLD CORPORATION LTD0.653:02PM ESTUp 0.02(3.17%)1,304,801Chart, Profile, More
MAQ.TOMCEWEN MINING MINERA ANDES ACQ1.962:50PM ESTUp 0.06(3.16%)20,317Chart, More
JDU.TOJDS UNIPHASE CANADA LTD.13.103:06PM ESTUp 0.40(3.15%)19,270Chart, Profile, More
CLR.TOCLEARWATER SEAFOODS INCORPORATE8.283:05PM ESTUp 0.25(3.11%)42,728Chart, More
HAY-UN.TOSTONE AGRIBUSINESS FUND6.643:05PM ESTUp 0.20(3.11%)700Chart, More
ACR-UN.TOAGELLAN COMMERCIAL REIT8.483:06PM ESTUp 0.24(2.91%)102,674Chart, More
MAX.TOMIDAS GOLD INC0.682:55PM ESTUp 0.02(3.03%)117,184Chart, More
MMP-UN.TOPRECIOUS METALS AND MINING TRUS2.063:06PM ESTUp 0.06(3.00%)98,277Chart, More
SWC-U.TOSTILLWATER MINING COMPANY11.402:50PM ESTUp 0.33(2.98%)700Chart, More
AC-B.TOAIR CANADA, CL.B7.963:05PM ESTUp 0.23(2.98%)3,434,299Chart, Profile, More
CGG.TOCHINA GOLD INT RESOURCES CORP.2.803:05PM ESTUp 0.08(2.94%)170,181Chart, Profile, More
NBD.TONORBORD INC.32.193:06PM ESTUp 0.89(2.84%)193,027Chart, Profile, More
NRG.TOALTER NRG CORP.0.723:06PM ESTUp 0.02(2.86%)100,000Chart, Profile, More
GDS.TOGENDIS INC3.253:05PM ESTUp 0.09(2.85%)6,500Chart, Profile, More
CWA.TOCOAST WHOLESALE APPLIANCES INC.3.653:05PM ESTUp 0.10(2.82%)5,965Chart, More
GTU-UN.TOCENTRAL GOLDTRUST46.193:05PM ESTUp 1.26(2.80%)10,057Chart, More
TGL.TOTRANSGLOBE ENERGY CORP9.623:06PM ESTUp 0.23(2.45%)114,932Chart, Profile, More
GPR.TOGREAT PANTHER SILVER LIMITED0.753:05PM ESTUp 0.02(2.74%)27,155Chart, Profile, More
PD.TOPRECISION DRILLING CORPORATION10.203:06PM ESTUp 0.27(2.72%)963,545Chart, Profile, More
AC-A.TOAIR CANADA, CL.A7.963:06PM ESTUp 0.21(2.71%)64,558Chart, Profile, More
DPF-UN.TODPF INDIA OPPORTUNITIES FUND UN3.423:05PM ESTUp 0.09(2.70%)31,950Chart, More
STE.TOSANTONIA ENERGY INC1.542:50PM ESTUp 0.04(2.67%)99,739Chart, More
NMC.TONEWMONT MINING CORP. OF CDA LTD25.663:06PM ESTUp 0.66(2.64%)2,175Chart, Profile, More

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