Resource Stock Round Up Saturday August 30, 2008
Aug 30th, 2008 | By Doug Casey | Category: Financial News, Gold MarketThe Canadian markets ended the month of August on a positive note with both the big board and the junior bourse continuing to rally during Friday trading.
For the tale of the tape, the TSX Exchange added 0.15%, while the TSX Gold Index gave back 0.2% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, rallied 0.71% and lo and behold the advancing issuers beat out the decliners by a 500 to 344 margin on volume of 111 million shares traded.
Shares in Hathor Exploration (HAW) continue to rally following the latest batch of drill results from its 90% owned Midwest NorthEast property in Saskatchewan that included 69 metres grading 2.33% U3O8. Hathor ended the day up C$0.33 to a new 52-week high at C$4.37, while 10% owner Terra Ventures added C$0.04 to close at C$0.98.
As expected, it was another quiet news day on Friday with expectation that drill results will start to fly in fast and furious fashion starting Tuesday after the Labour Day long weekend. We will see what Tuesday trading has in store.
Source: Resource Stock Round Up Saturday August 30, 2008
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Doug Casey is a contrarian investor, sought-after public speaker and author of several books. His work "Crisis Investing" held the position of # 1 bestseller on the New York Times list for 26 consecutive weeks. Doug's unusual views on the economy - and just about everything else - have gained a huge following in the investment community, and it certainly helps that his stock recommendations of undervalued junior exploration companies have made his subscribers millions. Now in its 27th year, Doug's monthly newsletter, the International Speculator, is one of the most established and esteemed publications on gold, silver and other natural resource investments. Together with the Casey Energy Speculator, it covers a broad range of carefully selected stocks with the very real potential of double- and triple-digit returns within 12 to 24 months.