So let's look beyond the Russian tantrums and the fact that the Olympic Village is leaving the picturesque city of Vancouver $1 billion in the hole, and get to what might be in it for us, the average investor. How is Canada these days? Surely our neighbor to the north has a choice stock pick in it somewhere? Sure it does.

Anyone with a passing knowledge about Canada knows that it is home to extraordinary natural resources -- oil sands, natural gas, gold, lumber, fishing and farming. It is, after all, one of the top ten economies in the world. But the time to buy Potash (POT) or Kinross Gold (KGC) or Agrium (AGU) was a couple years ago -- those stocks all have a Zacks #3 Rank these days.

Research In Motion (RIMM) is perhaps Canada's most well-known stock, though the BlackBerry is not exactly synonymous with the Maple Leaf. Besides, Research In Motion is another stock that came back down to earth during the crash of late '08, and hasn't managed those lofty heights since -- and has lots more competition now, too. RIMM is a Zacks #3 Rank stock, as well.

Believe it or not, resource-rich as Canada is, three-quarters of its workforce -- and two-thirds of Canada's GDP -- is in the Service sector. Surprised? Time to get past it. Clearly, Canada is more than the U.S.'s Cap -- it's the U.S.'s kid brother, economically speaking.

OK, so where's the Zacks #1 Rank Canadian stock? Here it is: Rogers Communications (RCI), Canada's top cable TV and wireless company. Its Wireless business has a 37% market share in Canada, as well as 44% of Canadian Internet cable operations. Revenue growth was up 4% year over year in the latest quarter, and it beat Zacks' estimate by more than $100 million, to nearly $3.1 billion.

Rogers Communications' solid fiscal first quarter 2010 was reflected by all 11 analysts covering the stock -- each one has upped fiscal 2010 estimates within the past month. Rogers has a strong recent history of posting positive earnings surprises, with an average of 25+% over the past 4 quarters.

The longer term Zacks Recommendation of Outperform was bestowed on Rogers Communications Feb. 21st, and its Zacks #1 Rank came on Feb. 24th. Even if we can't handle a snowboard like the Flying Tomato, at least we can still get some height from diversifying into a winning Canadian stock.

The Fed will hold a 2-day meeting on Tuesday and Wednesday. No change in interest rates will be made, though the statement should acknowledge that the economy is nearing stabilization.

The bond markets could be volatile, not only because of the Fed meeting, but also because of quarterly refunding. The Treasury Department will auction 3-year, 10-year and 30-year bonds. The offerings should total $75 billion.

Most of the week's economic data will be released after the Fed's meeting, with the exception of the preliminary estimate of Q2 productivity. We'll see the latest industrial production and consumer sentiment numbers on Friday.

• Tuesday: Q2 productivity
• Wednesday: June wholesale inventories, June trade balance, Fed statement (about 2:10 p.m.), July treasury budget, weekly crude inventories
• Thursday: July retail sales, June business inventories, July import and export prices, weekly initial jobless claims
• Friday: July Consumer Price Index (CPI), July industrial production and capacity utilization, preliminary August University of Michigan consumer confidence

No Fed officials are scheduled to speak.

As I write this on Friday morning, the S&P 500 has broken above resistance. Though the trend still favors the bulls, the major indexes are overbought. Furthermore, the tailwind from second-quarter earnings is disappearing. I think a pullback will occur soon, though I do feel a bit like a guy who is trying to sell umbrellas in the midst of a drought.

Companies That Could Issue Positive Earnings Surprises

One of the 10 covering brokerage analysts on Cree, Inc. (CREE) recently raised his fiscal fourth-quarter forecast. Though the change was not enough to move the Zacks Consensus Estimate from its current level of 11 cents per share, it did result in a more bullish most accurate estimate of 14 cents per share. Furthermore, projections for fiscal 2010 have gradually been rising, suggesting that guidance could be good. CREE has topped expectations twice and matched forecasts twice during the last 4 quarters. Cree is scheduled to report on Tuesday, Aug 11, after the close of trading.

Though J.C. Penney Company (JCP) experienced a 12.3% drop in July same-store sales, the decline was less than the company had feared. As a result, JCP raised its adjusted second-quarter profit guidance to a loss of 1 cent per share. The Zacks Consensus Estimate also calls for an adjusted loss of 1 cent per share. Though JCP matched expectations last quarter, it did top forecasts the previous 6 quarters. J.C. Penney is scheduled to report on Friday, Aug 14, before the start of trading.

Kohl's (KSS) just raised its second-quarter guidance. Crediting growth in July sales (accessories, home goods and footwear sold well), the company now projects profits of 73 to 74 cents per share. Previously, the department store chain had guided for profits of 56 to 64 cents per share. The Zacks Consensus Estimate has been revised up to 74 cents per share, though there could still be more upside given that KSS has topped expectations for 5 consecutive quarters. Kohl's is scheduled to report on Thursday, Aug 13, before the start of trading.

Companies That Could Issue Negative Earnings Surprises

Ethan Allen (ETH) has missed expectations for 3 consecutive quarters. The majority of the covering brokerage analysts are bracing for another disappointing quarter, judging by the 9-cent drop in the average forecast. The Zacks Consensus Estimate is calling for a loss of 25 cents per share. Ethan Allen is scheduled to report on Wednesday, Aug 12, before the start of trading.

Charles Rotblut, CFA is the senior market analyst for Zacks.com.

Earnings Calendar

Here is a list of companies that we have confirmed will report during the week of Aug 10 - 14¹. Prices are as of Thursday's, Aug 6, market close.

Company	Stock	Zacks Estimate	Year Ago EPS	Last Qtr Surprise	Date	Time	Price
Aaon Inc	AAON	$0.42	$0.43	14.7%	8/10	BTO	$20.19
Abovenet Inc	ABVT	$1.49	N/A	N/A	8/10	N/A	$85.02
Abraxas Pete/Nv	AXAS	$0.06	$0.11	(300.0%)	8/10	AMC	$1.09
Adv Photonix -A	API	($0.03)	$0.01	(20.0%)	8/10	AMC	$0.71
Allied Cap New	ALD	$0.12	$0.37	21.4%	8/10	BTO	$3.77
Ark Restaurants	ARKR	$0.71	$0.90	(766.7%)	8/10	BTO	$13.00
Array Biopharma	ARRY	($0.55)	($0.68)	5.2%	8/10	N/A	$3.82
Assisted Lvg Cn	ALC	$0.28	$0.35	(7.4%)	8/10	AMC	$15.29
Atlas Egy Rsrcs	ATN	$0.36	$0.62	18.2%	8/10	AMC	$23.85
Avi Biopharm	AVII	($0.02)	($0.02)	66.7%	8/10	BTO	$2.20
Bionovo Inc	BNVI	($0.05)	($0.06)	(20.0%)	8/10	N/A	$0.49
Bmp Sunstone Cp	BJGP	$0.00	($0.01)	12.5%	8/10	AMC	$4.44
Boots & Coots	WEL	$0.03	$0.08	(50.0%)	8/10	BTO	$1.34
Bpz Resources	BPZ	($0.05)	($0.06)	(60.0%)	8/10	BTO	$6.79
Breitburn Egy	BBEP	$0.09	$0.54	73.7%	8/10	N/A	$8.67
Bronco Drilling	BRNC	($0.24)	$0.21	(100.0%)	8/10	BTO	$4.10
Capstone Turbin	CPST	($0.05)	($0.07)	0.0%	8/10	AMC	$1.01
Cardiac Science	CSCX	($0.05)	$0.10	(300.0%)	8/10	N/A	$3.15
Care Investment	CRE	$0.12	$0.15	(29.4%)	8/10	BTO	$6.22
Cascal Nv	HOO	$0.16	$0.18	42.9%	8/10	AMC	$5.00
China Fire&Sec	CFSG	$0.23	$0.23	0.0%	8/10	BTO	$15.59
Chinacast Educ	CAST	$0.09	$0.14	14.3%	8/10	AMC	$6.16
Chindex Intl	CHDX	$0.07	($0.01)	120.0%	8/10	BTO	$12.25
Clean Egy Fuels	CLNE	($0.07)	($0.13)	(116.7%)	8/10	AMC	$10.07
Clear Chanl Out	CCO	$0.01	$0.23	(31.6%)	8/10	AMC	$6.37
Combinatorx Inc	CRXX	($0.11)	($0.51)	(44.4%)	8/10	N/A	$1.11
Compass Diversf	CODI	$0.16	$0.32	(775.0%)	8/10	BTO	$9.16
Constelltn Engy	CEP	($0.11)	$0.28	1800.0%	8/10	AMC	$3.15
Cousin Prop Inc	CUZ	$0.38	$0.31	(31.8%)	8/10	AMC	$10.07
Crawford & Co B	CRD.B	$0.11	N/A	(38.5%)	8/10	BTO	$4.90
Cytori Therapeu	CYTX	($0.15)	($0.33)	(11.1%)	8/10	N/A	$3.16
Digitalglobe	DGI	$0.17	N/A	N/A	8/10	AMC	$18.02
Dish Network Cp	DISH	$0.67	$0.73	22.8%	8/10	BTO	$17.42
Dot Hill Sys Cp	HILL	($0.09)	($0.16)	(16.7%)	8/10	AMC	$0.85
Dts Inc	DTSI	$0.03	$0.07	25.0%	8/10	AMC	$26.62
Dynegy Inc	DYN	($0.04)	$0.03	66.7%	8/10	BTO	$1.95
Echostar Corp	SATS	($0.02)	$0.53	(125.0%)	8/10	BTO	$14.66
Energy Tran Ptr	ETP	$0.58	$0.60	7.0%	8/10	AMC	$43.42
Enerplus Rsrcs	ERF	$0.01	$0.68	2600.0%	8/10	N/A	$21.67
Enterprise Gp	EPE	$0.33	$0.40	74.1%	8/10	BTO	$29.76
Ev Energy Ptnr	EVEP	$0.59	$1.37	47.5%	8/10	BTO	$20.80
Ew Scripps Co	SSP	($0.11)	$1.47	(118.2%)	8/10	BTO	$4.49
Express-1 Exped	XPO	$0.02	$0.02	(100.0%)	8/10	AMC	$0.86
Fluor Corp-New	FLR	$0.92	$0.87	20.4%	8/10	AMC	$56.00
Force Protectn	FRPT	$0.10	$0.12	22.2%	8/10	AMC	$5.00
Full House Reso	FLL	$0.02	$0.00	0.0%	8/10	AMC	$2.43
General Steel	GSI	$0.04	$0.13	12.5%	8/10	BTO	$5.53
Geomet Inc	GMET	($0.01)	$0.14	(250.0%)	8/10	N/A	$1.15
Golden Star Res	GSS	$0.01	($0.03)	0.0%	8/10	AMC	$2.60
Gran Tierra Egy	GTE	$0.03	$0.07	(216.7%)	8/10	N/A	$3.79
Granite City Fd	GCFB	($0.14)	($0.20)	10.5%	8/10	AMC	$0.38
Gse Systems Inc	GVP	$0.02	($0.02)	100.0%	8/10	AMC	$7.52
Gtx Inc	GTXI	($0.36)	($0.37)	18.4%	8/10	BTO	$9.54
Healthcare Rlty	HR	$0.38	$0.38	7.9%	8/10	AMC	$20.39
Holly Corp	HOC	$0.30	$0.23	15.8%	8/10	BTO	$21.88
Houston Wire&Cb	HWCC	$0.17	$0.44	0.0%	8/10	BTO	$10.28
Hq Sustainable	HQS	$0.15	($0.02)	700.0%	8/10	AMC	$8.95
Hrpt Pptys Trst	HRP	$0.26	$0.28	3.8%	8/10	AMC	$5.44
Inter Parfums	IPAR	$0.10	$0.12	0.0%	8/10	AMC	$9.76
Interval Leisur	IILG	$0.14	N/A	28.0%	8/10	AMC	$10.45
Jaguar Mining	JAG	$0.08	N/A	N/A	8/10	AMC	$8.17
Kohlberg Capitl	KCAP	$0.31	$0.38	3.2%	8/10	N/A	$5.75
Kongzhong-Adr	KONG	$0.06	$0.01	166.7%	8/10	AMC	$12.72
Maguire Pptys	MPG	$0.05	$0.09	0.0%	8/10	BTO	$0.80
Maiden Holdings	MHLD	$0.28	$0.23	(10.7%)	8/10	BTO	$7.59
Markwest Egy Pt	MWE	$0.04	$0.36	(365.0%)	8/10	AMC	$21.78
Mcdermott Intl	MDR	$0.37	$0.77	6.4%	8/10	AMC	$20.70
Mindray Medical	MR	$0.29	$0.29	0.0%	8/10	AMC	$29.30
Molecular Insit	MIPI	($0.56)	($0.84)	1.6%	8/10	N/A	$6.00
Morgans Hotel	MHGC	($0.37)	($0.02)	17.5%	8/10	AMC	$4.73
Myr Group Inc	MYRG	$0.21	N/A	(6.7%)	8/10	AMC	$19.17
Natl Coal Corp	NCOC	($0.11)	($0.33)	(130.0%)	8/10	AMC	$1.07
Nautilus Inc	NLS	($0.20)	($0.16)	(175.0%)	8/10	N/A	$2.24
Neenah Paper	NP	$0.05	$0.42	87.5%	8/10	AMC	$9.98
Nelnet Inc Cl-A	NNI	$0.39	$0.54	120.7%	8/10	AMC	$14.10
Northgate Mnrls	NXG	$0.05	$0.00	80.0%	8/10	BTO	$2.45
Nuance Comm Inc	NUAN	$0.18	$0.19	6.3%	8/10	AMC	$13.34
Orbcomm Inc	ORBC	($0.03)	($0.02)	(25.0%)	8/10	N/A	$2.52
Parexel Intl Cp	PRXL	$0.27	$0.28	8.7%	8/10	AMC	$14.19
Partner Comm	PTNR	$0.47	$0.47	21.0%	8/10	BTO	$17.38
Perfect World	PWRD	$0.61	$0.43	23.4%	8/10	BTO	$36.63
Petroleum Devl	PETD	($0.04)	$1.39	(46.0%)	8/10	BTO	$16.90
Priceline.Com	PCLN	$1.62	$1.08	17.8%	8/10	BTO	$129.91
Providence Svc	PRSC	$0.39	$0.27	93.3%	8/10	AMC	$9.97
Qiagen Nv	QGEN	$0.21	$0.20	0.0%	8/10	AMC	$19.27
Quest Software	QSFT	$0.17	$0.14	(10.0%)	8/10	AMC	$14.84
Quicksilver Res	KWK	$0.18	$0.35	60.0%	8/10	BTO	$11.52
Rackspace Hostg	RAX	$0.06	$0.04	0.0%	8/10	AMC	$13.56
Regency Energy	RGNC	$0.07	$0.12	836.8%	8/10	BTO	$16.79
Relm Wireless	RWC	$0.07	($0.02)	(100.0%)	8/10	AMC	$1.85
Salix Pharm-Ltd	SLXP	($0.34)	($0.15)	21.6%	8/10	AMC	$12.26
Sanders Mrs Hrs	SMHG	$0.12	$0.23	(999.0%)	8/10	BTO	$5.43
Sterling Constr	STRL	$0.36	$0.37	57.7%	8/10	BTO	$15.74
Stifel Finl	SF	$0.47	$0.60	(6.4%)	8/10	AMC	$51.00
Sysco Corp	SYY	$0.49	$0.55	0.0%	8/10	BTO	$24.58
Transmontn Ptnr	TLP	$0.45	$0.57	14.6%	8/10	BTO	$25.17
Tw Telecom Inc	TWTC	$0.02	$0.00	300.0%	8/10	AMC	$9.84
Unica Corp	UNCA	($0.06)	$0.02	(350.0%)	8/10	AMC	$6.07
Univl Display	PANL	($0.15)	($0.15)	(7.1%)	8/10	AMC	$12.03
Verenium Corp	VRNM	($0.17)	($0.26)	0.0%	8/10	AMC	$0.59
Virgin Mobile	VM	$0.13	$0.07	84.6%	8/10	BTO	$4.80
Zhongpin Inc	HOGS	$0.35	$0.29	10.00%	8/10	BTO	$11.95
3Sbio Inc-Ads	SSRX	$0.13	$0.13	16.7%	8/11	AMC	$10.18
Aeterna Zentars	AEZS	($0.23)	($0.39)	(53.3%)	8/11	BTO	$2.49
Appld Matls Inc	AMAT	($0.09)	$0.14	(20.0%)	8/11	AMC	$13.41
Appliance Recyc	ARCI	($0.02)	$0.18	(760.0%)	8/11	AMC	$1.63
Bluephoenix Sol	BPHX	$0.02	$0.11	(42.9%)	8/11	BTO	$2.89
Bob Evans Farms	BOBE	$0.50	$0.45	76.9%	8/11	AMC	$27.63
Bridgepoint Edu	BPI	$0.23	N/A	N/A	8/11	BTO	$18.74
Broadridge Finl	BR	$0.79	$0.73	9.1%	8/11	BTO	$17.14
Celadon Group	CLDN	$0.04	$0.10	0.0%	8/11	AMC	$8.33
Clean Diesel	CDTI	($0.18)	($0.26)	(33.3%)	8/11	BTO	$1.92
Clearwire Corp	CLWR	($0.36)	($1.10)	(2.7%)	8/11	AMC	$7.97
Cornerstone Thr	CRTX	$0.33	($1.30)	182.4%	8/11	BTO	$8.96
Cree Inc	CREE	$0.11	$0.12	42.9%	8/11	AMC	$31.31
Crucell-Adr	CRXL	$0.06	($0.19)	100.0%	8/11	N/A	$24.84
Dendreon Corp	DNDN	($0.16)	($0.18)	5.9%	8/11	BTO	$23.53
Euroseas Ltd	ESEA	$0.00	$0.44	800.0%	8/11	AMC	$5.07
Fossil Inc	FOSL	$0.20	$0.36	62.5%	8/11	BTO	$26.19
Fuel Tech Inc	FTEK	($0.03)	$0.02	(400.0%)	8/11	BTO	$9.12
Gilat Satellite	GILT	($0.06)	$0.03	(50.0%)	8/11	BTO	$4.72
Globaloptions	GLOI	($0.08)	($0.20)	(275.0%)	8/11	BTO	$1.90
Gol Linhas-Adr	GOL	$0.17	($0.51)	71.4%	8/11	AMC	$7.81
Hackett Group	HCKT	$0.01	$0.10	0.0%	8/11	AMC	$2.92
Harbin Elec Inc	HRBN	$0.27	$0.31	8.0%	8/11	BTO	$15.91
Hearusa Inc	EAR	($0.01)	$0.01	66.7%	8/11	N/A	$1.05
Inhibitex Inc	INHX	($0.10)	($0.05)	(42.9%)	8/11	N/A	$0.45
Javelin Pharma	JAV	($0.15)	($0.16)	(33.3%)	8/11	N/A	$1.87
Learning Tree	LTRE	$0.08	$0.23	35.7%	8/11	AMC	$10.86
Nanosphere Inc	NSPH	($0.38)	($0.44)	13.9%	8/11	AMC	$6.72
Neoprobe Corp	NEOP	($0.02)	($0.01)	33.3%	8/11	AMC	$1.36
Ngp Cap Rsrcs	NGPC	$0.16	$0.24	47.4%	8/11	BTO	$6.29
North Am Pallad	PAL	($0.10)	$0.15	(47.1%)	8/11	AMC	$3.06
Pan Amer Silver	PAAS	$0.18	$0.31	(76.9%)	8/11	AMC	$20.88
Paragon Shpgn-A	PRGN	$0.45	$0.49	3.8%	8/11	AMC	$4.50
Primoris Servcs	PRIM	$0.14	($0.04)	N/A	8/11	BTO	$7.71
Rand Logistics	RLOG	$0.08	$0.18	(600.0%)	8/11	BTO	$2.79
Rcm Tech Inc	RCMT	$0.00	$0.11	0.0%	8/11	N/A	$2.18
Rentech Inc	RTK	$0.08	($0.05)	(200.0%)	8/11	N/A	$0.74
Shengdatech Inc	SDTH	$0.08	$0.18	14.3%	8/11	N/A	$5.34
Soc Quimica Min	SQM	$0.40	$0.48	(26.7%)	8/11	AMC	$36.13
Symmetricom Inc	SYMM	$0.08	$0.00	66.7%	8/11	AMC	$6.02
Tam Sa-Adr	TAM	$1.07	$0.20	(164.7%)	8/11	AMC	$12.52
Taseko Mines Lt	TGB	$0.03	$0.03	(50.0%)	8/11	AMC	$2.37
Textainer Group	TGH	$0.43	$0.51	(5.1%)	8/11	N/A	$12.29
Vaalco Energy	EGY	($0.09)	$0.22	(633.3%)	8/11	N/A	$4.47
Visionchina Mda	VISN	$0.10	$0.12	(16.7%)	8/11	AMC	$6.34
Vivus Inc	VVUS	($0.18)	$0.06	(25.0%)	8/11	AMC	$6.80
Warnaco Grp Inc	WRC	$0.48	$0.71	31.1%	8/11	AMC	$37.69
Western Gas Ptr	WES	$0.28	$0.24	(3.2%)	8/11	AMC	$16.81
Winner Med Grp	WMDG	$0.04	$0.04	100.0%	8/11	N/A	$1.80
Wuxi Pharmatech	WX	$0.12	$0.17	100.0%	8/11	AMC	$9.79
012 Smile.Com	SMLC	$0.24	$0.26	127.8%	8/12	BTO	$9.15
Advance Auto Pt	AAP	$0.83	$0.79	13.3%	8/12	AMC	$45.33
Aegean Marine	ANW	$0.21	$0.23	(68.8%)	8/12	AMC	$18.29
Allot Comm Ltd	ALLT	($0.06)	($0.11)	(100.0%)	8/12	BTO	$3.91
Amer Caresource	ANCI	$0.01	$0.04	(60.0%)	8/12	N/A	$4.08
Bally Tech Inc	BYI	$0.55	$0.54	0.0%	8/12	AMC	$38.42
Banco Itau -Adr	ITUB	$0.28	$0.42	N/A	8/12	N/A	$18.87
Bidz.Com Inc	BIDZ	$0.05	$0.14	40.0%	8/12	AMC	$3.92
Caci Intl A	CACI	$0.92	$0.77	2.7%	8/12	N/A	$46.52
Cae Inc	CAE	$0.14	$0.18	13.3%	8/12	BTO	$7.03
Cameco Corp	CCJ	$0.21	$0.30	(35.7%)	8/12	BTO	$28.36
China Auto Sys	CAAS	$0.13	$0.18	85.7%	8/12	BTO	$7.10
China Transinfo	CTFO	$0.10	$0.11	(30.0%)	8/12	N/A	$5.65
Combimatrix Cp	CBMX	($0.65)	($0.54)	(40.6%)	8/12	AMC	$6.64
Conmed Healthcr	CONM	$0.02	($0.09)	0.0%	8/12	AMC	$4.00
Copel-Adr Pr B	ELP	$0.52	$0.79	(11.3%)	8/12	N/A	$15.88
Cpi Intl Inc	CPII	$0.18	$0.33	0.0%	8/12	AMC	$9.41
Cti Industries	CTIB	$0.10	$0.17	(66.7%)	8/12	N/A	$2.20
Dover Saddlery	DOVR	($0.02)	$0.05	15.4%	8/12	BTO	$1.71
Ediets.Com Inc	DIET	($0.09)	($0.12)	(25.0%)	8/12	AMC	$0.93
E-House China	EJ	$0.17	$0.14	80.0%	8/12	BTO	$18.58
Elbit Systems	ESLT	$1.07	$0.73	0.0%	8/12	BTO	$67.15
Ethan Allen Int	ETH	($0.25)	$0.45	(109.1%)	8/12	BTO	$13.08
Great Basin Gld	GBG	($0.03)	($0.16)	http://www.contrarianprofits.com/?p=19440 http://www.straightstocks.com/precious-metals/gold-pushes-through-950/feed/ 0 http://www.straightstocks.com/market-commentary/resource-stock-roundupfriday-july-10-2009/ http://www.straightstocks.com/market-commentary/resource-stock-roundupfriday-july-10-2009/#comments Fri, 10 Jul 2009 21:30:01 +0000 Doug Casey http://www.contrarianprofits.com/?p=18989 http://www.straightstocks.com/market-commentary/resource-stock-roundupfriday-july-10-2009/feed/ 0 http://www.straightstocks.com/market-commentary/the-ghosts-of-2008-gold-stocks-a-currency-play-bank-role-reversal-and-more/ http://www.straightstocks.com/market-commentary/the-ghosts-of-2008-gold-stocks-a-currency-play-bank-role-reversal-and-more/#comments Mon, 06 Jul 2009 20:00:42 +0000 Contrarian Profits http://www.contrarianprofits.com/?p=18756 http://www.straightstocks.com/market-commentary/the-ghosts-of-2008-gold-stocks-a-currency-play-bank-role-reversal-and-more/feed/ 0 http://www.straightstocks.com/market-commentary/the-world-gold-council-wrong-about-gold/ http://www.straightstocks.com/market-commentary/the-world-gold-council-wrong-about-gold/#comments Thu, 21 May 2009 20:29:22 +0000 Adrian Ash http://www.contrarianprofits.com/?p=17009 http://www.straightstocks.com/market-commentary/the-world-gold-council-wrong-about-gold/feed/ 0 http://www.straightstocks.com/market-commentary/resource-stock-roundupthursday-may-07th-2009/ http://www.straightstocks.com/market-commentary/resource-stock-roundupthursday-may-07th-2009/#comments Thu, 07 May 2009 18:32:08 +0000 Doug Casey http://www.contrarianprofits.com/?p=16384 http://www.straightstocks.com/market-commentary/resource-stock-roundupthursday-may-07th-2009/feed/ 0 http://www.straightstocks.com/market-commentary/resource-stock-rounduptuesday-may-05th-2009/ http://www.straightstocks.com/market-commentary/resource-stock-rounduptuesday-may-05th-2009/#comments Tue, 05 May 2009 19:31:23 +0000 Doug Casey http://www.contrarianprofits.com/?p=16274 http://www.straightstocks.com/market-commentary/resource-stock-rounduptuesday-may-05th-2009/feed/ 0 http://www.straightstocks.com/market-commentary/how-gold-will-top-2000-per-ounce/ http://www.straightstocks.com/market-commentary/how-gold-will-top-2000-per-ounce/#comments Thu, 30 Apr 2009 20:07:03 +0000 Chris Mayer http://www.contrarianprofits.com/?p=16079 http://www.straightstocks.com/market-commentary/how-gold-will-top-2000-per-ounce/feed/ 0 http://www.straightstocks.com/market-commentary/yamana-gold-auy-the-only-stock-up-today/ http://www.straightstocks.com/market-commentary/yamana-gold-auy-the-only-stock-up-today/#comments Mon, 20 Apr 2009 17:25:54 +0000 Eric Cheshier 1312 at http://thestockmasters.com http://www.straightstocks.com/market-commentary/yamana-gold-auy-the-only-stock-up-today/feed/ 0 http://www.straightstocks.com/market-commentary/resource-stock-roundup-thursday-april-09th-2009/ http://www.straightstocks.com/market-commentary/resource-stock-roundup-thursday-april-09th-2009/#comments Thu, 09 Apr 2009 20:19:34 +0000 Doug Casey http://www.contrarianprofits.com/?p=15483 http://www.straightstocks.com/market-commentary/resource-stock-roundup-thursday-april-09th-2009/feed/ 0 http://www.straightstocks.com/market-commentary/silver-and-gold/ http://www.straightstocks.com/market-commentary/silver-and-gold/#comments Fri, 27 Mar 2009 22:01:06 +0000 Contrarian Profits http://www.contrarianprofits.com/?p=15349 http://www.straightstocks.com/market-commentary/silver-and-gold/feed/ 0 http://www.straightstocks.com/market-commentary/resource-stock-roundup-thursday-february-19th-2009/ http://www.straightstocks.com/market-commentary/resource-stock-roundup-thursday-february-19th-2009/#comments Thu, 19 Feb 2009 20:47:24 +0000 Doug Casey http://www.contrarianprofits.com/?p=13946 http://www.straightstocks.com/market-commentary/resource-stock-roundup-thursday-february-19th-2009/feed/ 0 http://www.straightstocks.com/market-commentary/resource-stock-roundup-thursday-january-22nd-2009/ http://www.straightstocks.com/market-commentary/resource-stock-roundup-thursday-january-22nd-2009/#comments Thu, 22 Jan 2009 20:29:23 +0000 Doug Casey http://www.contrarianprofits.com/?p=12136 http://www.straightstocks.com/market-commentary/resource-stock-roundup-thursday-january-22nd-2009/feed/ 0 http://www.straightstocks.com/contrarian-perspectives/yamana%e2%80%99s-nyse-auy-golden-place-to-be/ http://www.straightstocks.com/contrarian-perspectives/yamana%e2%80%99s-nyse-auy-golden-place-to-be/#comments Wed, 31 Dec 2008 17:18:44 +0000 Investment U http://www.investmentu.com/IUEL/2008/December/yamanas-golden-place-to-be.html http://www.straightstocks.com/contrarian-perspectives/yamana%e2%80%99s-nyse-auy-golden-place-to-be/feed/ 0 http://www.straightstocks.com/market-commentary/whither-the-oil-markets/ http://www.straightstocks.com/market-commentary/whither-the-oil-markets/#comments Mon, 29 Dec 2008 18:31:36 +0000 Contrarian Profits http://www.contrarianprofits.com/?p=10625 http://www.straightstocks.com/market-commentary/whither-the-oil-markets/feed/ 0 http://www.straightstocks.com/market-commentary/resource-stock-roundup-monday-october-20th-2008/ http://www.straightstocks.com/market-commentary/resource-stock-roundup-monday-october-20th-2008/#comments Mon, 20 Oct 2008 13:31:38 +0000 Doug Casey http://www.contrarianprofits.com/?p=6639 It was a quiet news day during Friday trading on the Canadian markets as investors bailed out of the gold stocks and went bargain hunting for undervalued base metal plays. For the tale of the tape, the TSX exchange rallied 3.16%, while the TSX Gold Index fell 2.9% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 0.89% with the declining issuers inching past the advancers by a 444 to 419 margin on good volume of 169 million shares traded. Shares of Hudbay Minerals (HBM) added C$0.38 to close at C$5.35, while Lundin Mining failed to attract interest losing C$0.05 to close at C$1.95. Diversified miner Teck Cominco (TCK) added C$1.20 to close at C$16.30. Shares of Blue Note Mining (BN)… ]]> http://www.straightstocks.com/market-commentary/resource-stock-roundup-monday-october-20th-2008/feed/ 0 http://www.straightstocks.com/market-commentary/resource-stock-roundup-friday-october-17-2008/ http://www.straightstocks.com/market-commentary/resource-stock-roundup-friday-october-17-2008/#comments Fri, 17 Oct 2008 17:16:07 +0000 Doug Casey http://www.contrarianprofits.com/?p=6557 The hemorrhaging continued during Thursday trading on the Canadian Markets as falling commodity prices had investors running for the exits yet again. For the tale of the tape, the TSX Exchange lost 0.58%, while the TSX Gold Index plunged 9.5% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 5.39% with the declining issuers swamping the advancers by a 668 to 247 margin on volume of 153 million shares traded. Junior explorers that have liquidity faced the brunt of the selloff with Full Metal Minerals dropping C$0.075 to close at C$0.315, Hathor Exploration (HAT) lost C$0.23 to close at C$1.50 and VMS Ventures (VMS) dropped C$0.01 to close at C$0.28. Full Metals is in the midst of the bulk… ]]> http://www.straightstocks.com/market-commentary/resource-stock-roundup-friday-october-17-2008/feed/ 0 http://www.straightstocks.com/market-commentary/resource-stock-roundup-thursday-october-9-2008/ http://www.straightstocks.com/market-commentary/resource-stock-roundup-thursday-october-9-2008/#comments Thu, 09 Oct 2008 17:19:07 +0000 Doug Casey http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-october-9-2008/6068 The unified interest rate cuts that included a 0.5% reduction in Canada did little to bolster investor confidence early on, but a binge of late day buying propelled the big board into the black by the close of Wednesday trading on the Canadian Markets. For the tale of the tape, the TSX Exchange gained 2.30%, while the TSX Gold Index added an impressive 19.1% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 1.99% with the declining issuers swamping the advancers by a 660 to 315 margin on good volume of 191 million shares traded. The trading on the junior board was all about those companies that happen to have some liquidity for the sellers. Shares of VMS Ventures, which has been posting stellar results from its Reed Lake Discovery project in Manitoba, lost C$0.035 to close at C$0.295 with nearly 1 million shares traded, and B2Gold, the once highly touted Colombian gold explorer, lost C$0.05 at C$0.45 on over 1.9 million shares traded. Shares of Eurasian Minerals (EMX) added C$0.13 to close at C$0.85 after the junior announced trench results of 19.15% copper and 140 grams silver per tonne over 14 metres at the Champagne prospect in Haiti. Sherwood Copper (SWC) had a rough session on no new developments. The Yukon copper miner lost C$0.32 to close at C$2.05. The big board gold miners were the winners of the day, as Barrick Gold (ABX) added C$6.53 to close at C$40.20, Goldcorp (G) surged C$5.53 to close at C$34.36, Agnico Eagle (AEM) tacked on C$6.95 to close at C$57.20, Kinross Gold (K) climbed C$3.05 at C$18.30 and Yamana Gold (YRI) added C$1.34 to close at C$8.40. It is all about cash preservation for the junior explorers as they try to ride out this credit crunch. A massive amount of juniors have essentially gone no bid, making it impossible to sell in any size. We will see what Thursday trading has in store. Source: Resource Stock Roundup Thursday, October 9, 2008 ]]> http://www.straightstocks.com/market-commentary/resource-stock-roundup-thursday-october-9-2008/feed/ 0 http://www.straightstocks.com/stock-watch/take-a-deep-breath-where-are-we-analyst-blog/ http://www.straightstocks.com/stock-watch/take-a-deep-breath-where-are-we-analyst-blog/#comments Fri, 26 Sep 2008 12:50:52 +0000 Dirk Van Dijk http://www.zacks.com/stock/news/14925/Take+a+Deep+Breath%3B+Where+Are+We%3F+-+Analyst+Blog OK, letÂ’s recap this whole thing.  Hank Paulson has been consistently behind the curve.  The crisis was easily foreseeable, but it was attacked piecemeal.  Then again, some of the piecemeal solutions were actually well-crafted, that included substantial protections for the taxpayers.  For example, AIG (AIG) is paying a very steep interest rate for its bridge loan and for the privileged taxpayers who get most of the equity in the firm. However, the decision was made that they had to get ahead of the whole problem and deal with it on a systemic basis after the markets started to seriously unravel. The credit market comes to a screeching halt.  So a week before Congress is set to adjourn, he recognizes the crisis and comes out with a bare-bones proposal (2 ½ pages), which pretty much says, "Give me $700 billion to buy just about any asset from anybody I choose, at any price I choose (assuming the seller is willing) and then sell it off to anybody I choose at any price I choose.  Oh and there shall be no oversight of this by any other agency or court of law."  Congress is outraged and the public is overwhelmingly against the proposal.  Chris Dodd makes very substantial revisions to the plan, including lots of oversight proposals, equity participation for the taxpayers for firms that participate in the program, caps on CEO pay to ensure that the capital being supplied to these institutions is not siphoned off to their bank accounts, and doing the deal in installments so Congress has a chance to evaluate how things are going before the whole wad is blown.  The Administration was very receptive to most of these changes, and it looked like a bi-partisan agreement was about to be reached.  Within the first hour of the first Senate Hearing it was clear that the Paulson plan was dead and the discussion was really about the Dodd Plan.  The Dodd plan was far from perfect.  It looked like the deal was going to leave out changes to the bankruptcy law that would allow homeowners some relief if they were willing to go through the very onerous procedure of declaring bankruptcy.  It was also flawed in that it overly focused on addressing the problem of too much leverage from the asset side of the equation rather than the equity side.  However, it is clear that something had to be done.  There was a meeting at the White House to try to hammer out some of the final details.  The meeting quickly broke down after the head of the House GOP, John Boehner, announces that he is going to oppose the deal, and at the last minute drops a brand new proposal on the table.  These proposals were not mentioned at all in any of the hearings that have been going on this week.  The Boehner plan, as best I understand it, calls for the elimination of even more regulations, cutting capital gains taxes and insuring these assets rather than buying them.  We got into this mess because of a lack of regulation.  Insurance is available on these assets privately in the form of the ABX indices.  They are one of the canaries in the coal mines that have been warning about the problem.  The cost to insure has gone through the roof as risks have risen.  Hank Paulson is right on this -- the Boehner plan will not work.  We need to act quickly and we need to get it right.  Congress needs to be kept in session to hammer out a plan, and it should be based on modifying the existing Dodd plan, most notable by directing more of the money into the equity side of the equation.  The House GOP has just made sure that nothing will be done soon.  The end of the quarter is coming up, and that will allow people to withdraw cash from hedge funds, causing them to have to sell and deleverage.  That has been exacerbated since in the middle of all this, the SEC has made the fundamental investment strategy of almost every "true hedge fund" illegal by banning short-selling.  After all, they are called hedge funds because they hedge overall market risk by buying some stocks and selling short others. The market is going to tank today, but do not try to bottom-fish it.  Right now, TIPS look like a safe place to hide.  High grade Muni bonds look good, but make sure that the credit rating is based on the underlying credit, not because it is insured -- insurers MBIA (MBI) and Ambac (ABK) could be strained further.  On a tax-adjusted basis they look very cheap.  On the equity side, look at the gold miners.  There is a very good chance that the only card left to play is monetization of debt by the Fed, which will lead to much higher inflation.  Gold miners like Barrick Gold (ABX), Harmony Gold (HMY) Kinross Gold (KGC) and Newmont Mining (NEM) would be the natural beneficiaries of this. Read the full analyst report on MBI Read the full analyst report on ABK Read the full analyst report on ABX Read the full analyst report on HMY Read the full analyst report on KGC Read the full analyst report on NEM "AIG" Free Stock Analysis: Buy? Sell? Hold? "MBI" Free Stock Analysis: Buy? Sell? Hold? "ABK" Free Stock Analysis: Buy? Sell? Hold? "HMY" Free Stock Analysis: Buy? Sell? Hold? "ABX" Free Stock Analysis: Buy? Sell? Hold? "KGC" Free Stock Analysis: Buy? Sell? Hold? "NEM" Free Stock Analysis: Buy? Sell? Hold? Zacks Investment Research ]]> http://www.straightstocks.com/stock-watch/take-a-deep-breath-where-are-we-analyst-blog/feed/ 0 http://www.straightstocks.com/current-market-news/gold-back-from-the-dead/ http://www.straightstocks.com/current-market-news/gold-back-from-the-dead/#comments Thu, 26 Jun 2008 14:18:00 +0000 Trader Mark tag:blogger.com,1999:blog-2335748440449035592.post-6480231779195311755 http://www.straightstocks.com/current-market-news/gold-back-from-the-dead/feed/ 0