Uncertainty and hesitation marked recent market action, though selling pressure won the week.
Markets had a rough week as economic news rolled in with data that fell well below expectations, including a sharp downward spike in the ISM non-manufacturing index. Company earnings for Q4 continued to not impress, while gold remained relatively range-bound. North of the border and on the plus side, Canada added more than four times the jobs expected in Stats Can’s latest report, which contributed to an unemployment rate that matched a 33-year low also touched in October.
On Monday…
Danny Deadlock introduced Stockhouse readers to a potential short squeeze opportunity in the bio-tech industry in Brain stimulation stock looks like a smart trade.
Die-hard contrarian and Elliot Wave theorist David Banister believes the bulls are asleep at the switch and explained why in A lone wolf calls for the bull market in equities to resume.
Trader Thoughts provided its in-depth post-week wrap-up of market activity in Markets trade higher following Fed rate cut.
Luke Brocki tracked the spot price of uranium, a U.S. / Russia supply deal, and the launch of a new uranium company index in U308 spot prices slid.
Buzz on the Markets took note of a couple of words that often sum up the best strategy to take under any market circumstances in Patience and trust.
Uranium, platinum and gold took the spotlight in Buzz on Commodities.
Then on Tuesday…
Mary Anne and Pamela Aden returned to Stockhouse with more good news for gold in The “mom” factor and the price of gold.
Canadian newsletter Baystreet.ca reported on a Vancouver-based explorer in Bard Ventures poised for growth as moly takes on shades of green.
Troy Schwensen presented short- and medium-term outlooks for the XAU in Market sentiment vs. fundamentals.
Returning community news contributor MontyHigh threw out another one of his “fat pitches” to Stockhouse readers in Fat pitch – Metanor Resources.
David Zurbuchen reported on an unusual investment opportunity in an article called The absurd value of Minco Gold.
Community member vwig asserted that he is An investor, not a trader, and explains the difference in this eloquent Bullboard post.
Buzz on Commodities sought member opinion on cobalt, copper and gold in If I had a nickel.
Markets felt the heat and Stockhouse investors took note in Another dead cat bounce breaks down.
On Wednesday…
Steven Saville brought a special chart to the attention of Stockhouse readers in the form of the Global Goal Index, which he believes is a much more accurate depiction of struggling gold company stocks than the more oft-referenced HUI. See the chart and learn about The sub-par performance of gold stocks.
Jay Matulich takes a medium-term bearish view of the markets after assessing all the data. Read Reverse wealth effect: why the market hasn’t bottomed to find out why
Darryl Robert Schoon argues that the economy is headed for a rough patch and he wants to know Who’s been goosing Goldilocks?
One Stockhouse investor observed Mayhem in the commodities market as wheat prices pushed higher and the coal industry closes in on “perfect storm” conditions.
Buzz on the Market contributors noted that these days, emotions are running high, but in trading and investing, Emotion creates opportunity.
David Zurbuchen’s article on Minco Gold, published on Stockhouse Tuesday, prompted the editorial team to see what the Bullboards had to say on the subject in More opinions on Minco Gold.
Stockhouse writer / editor Keri Korteling highlighted littleguy123’s blog Outside the Market in a new installment of Best of the blogs.
On Thursday…
Fitzroy McLean and Simon Black, on the global investment beat for Casey Research, dished the dirt on why Slovakian real estate is such a great place to park some dollars. Slovakia: fewer castles, more opportunity.
Stockhouse investors reviewed market action in Stock markets stumble.
In Gold experts part ways, Stockhouse editors pulled quotes from across the Bullboards on gold, coal, nickel and copper.
Preet Banerjeet is back with RRSP strategies: Part 2, in which he discussed the strategy of taking out not one but TWO loans for making RRSP contributions.
Bullboard members discussed the prospects for West Hawk Development (TSX: V.WHD, Bullboard) following the company’s news release about an oil well coming on stream in West Hawk Development gains on oil production.
Some of today’s best – or at least most interesting – posts appeared in The must-read list, including notes on diamond formation.
Finally, on Friday…
Nancy Zambell offered theories on market reaction to this year’s US election in Dems or Republicans – does it really matter?
The Home Buyer’s Plan is a tax-saving strategy for Canadian RRSP holders, and Preet Banerjee explained the ins and outs of it in RRSP strategies: Part 3.
QualityStocks.net presented a snapshot of a golf-club maker’s efforts at getting listed on the NASDAQ to bolster its reputation in Adams Golf expects a boost in exposure on the 2008 PGA tour.
When up is down and down is up, the Markets feel for direction. Stockhouse members remain uncertain about near-term market prospects.
There’s never a shortage of conversation about gold on Stockhouse, as Buzz on Commodities revealed in Gold still sparks debate.
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