Resource Stock Roundup: Friday, August 29th, 2008
Aug 29th, 2008 | By Doug Casey | Category: Gold MarketThe Canadian markets continued to rebound during Thursday trading with all indices finishing firmly in the black.
For the tale of the tape, the TSX Exchange added 1.50%, while the TSX Gold Index gained 0.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, rallied 0.71% and low and behold the advancing issuers beat out the decliners by a 471 to 388 margin on pathetic volume of 109 million shares traded.
Hathor Exploration (CVE:HAT) got a boost after the company announced the latest batch of drill results from its 90% owned Midwest NorthEast property in Saskatchewan Highlights included 69 metres grading 2.33% U3O8. Hathor ended the day up C$0.43 at C$4.04, while 10% owner Terra Ventures added C$0.02 to close at C$0.92.
Meanwhile, StrataGold (TSE:SGV) added C$0.015 to C$0.08 following news that a 16.52 metre drill intercept returned 0.5% tungsten oxide at its Dublin Gulch property in the Yukon.
A rather quiet news day on Thursday and one would suspect more of the same for Friday trading as investors head into a long weekend. We will see what Friday trading has in store.
Source: Resource Stock Roundup: Saturday, August 29th, 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.