Today on Stockhouse
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Get the facts on gold investing including eight exclusive feature stories in the Stockhouse North American Gold Report.
Andy Hoffman writes about a gold junior that transformed a property into a profitable mine.
Top Bullboards post: “I think the Kinross association is overplayed until they make another investment or jv on BCG property. I haven't seen any evidence that Kinross is still here in any substantial way. 2.7M shares traded at noon says the momo players have arrived and anyone with a pent up desire to exit could have done so.” From RetiringYoung on the BCGold Corp. (TSX: V.BCG, Stock Forum) board.
Top Bullboard: Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog: LexLuthor2 believes this gold junior will be the next Ventana in the Lex Corp blog.
For news about small stocks that made big moves in Wednesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
“Our target for the S&P 500 is 1,250 to 1,300 for the end of the year, and it looks like we had a pretty constructive selloff, where it was contained and rational, up until last week, where we had a lot of emotional selling to get to the low. It’s not likely that we end up at that level again anytime soon without any additional signs of weakness in the economy,” said Stuart Freeman, chief equity strategist at Wells Fargo Advisors, in an interview with MarketWatch.AutodeskNASDAQDollar TreeFoot LockerHewlett-Packard CompanySalesforce.comNYSEToro Co.
Today In The Markets
Toronto Stock Exchange closes higher, but near lowest level of the sessionDJIATSX Venture
Toronto & New York (The Canadian Press) - The Toronto Stock Exchange finished Wednesday in positive territory but near its lowest level of the day, as investors speculated about what mixed forecasts from major U.S. companies will mean for the economy.
The S&P/TSX composite index was up 48.9 points at 12,579.61. It had posted triple-digit gains to break through the 12,710 mark in early trading, but saw a sharp decline around noon, when Wall Street swung into the red.
The Dow Jones industrial average added 4.28 points to 11,410.21. The S&P 500 eked out 1.12 points to 1,193.88. But the Nasdaq composite index lost 11.97 points to 2,511.48, with computer giant Dell Inc. contributing to much of the decline on a weak revenue forecast.
Please click here for the complete U.S. and Canadian market summaries.
Mosaid(TSX: T.MSD, Stock Forum) After Wednesday’s close, technology licensing company WiLan (TSX: T.WIN, Stock Forum) said it plans to make an all-cash offer to buy Canadian patent company Mosaid for about $480 million, or $38 a share.
Roscan Minerals (TSX: V.ROS, Stock Forum) The junior explorer, after Wednesday’s closing bell, reported diamond drill results from the phase I drill program at the Golden Mile property in Nevada. Drilling intersected up to 20.0 feet averaging 1.353 oz/ton gold (6.1 meters averaging 46.403 g/t).