Contrarian Stock Market Investing News - Featuring Bargain Stocks » Can Alaska Uranium http://www.contrarianprofits.com Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Mon, 10 May 2010 15:10:45 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Resource Stock Roundup: Monday, February 9th, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundup-monday-february-9th-2009/13237 http://www.contrarianprofits.com/articles/resource-stock-roundup-monday-february-9th-2009/13237#comments Mon, 09 Feb 2009 19:14:24 +0000 Doug Casey http://www.contrarianprofits.com/?p=13237 Poor employment data out of both the United States and Canada failed to stymie investor sentiment as the Canadian markets rallied for a third straight day during Friday trading. For the tale of the tape, the TSX Exchange surged 1.66%, while the TSX Gold Index rallied 1.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 1.24% with the advancing issuers edging out the decliners by a 390 to 315 margin on 133 million shares traded.

Silverstone Resources sold 1,669,000 ounces of silver in 2008. The silver-gold royalty company recently purchased all of the payable gold and silver from the Minto mine in the Yukon and received advance payments on approximately 3,700 ounces of payable gold and 33,000 ounces of…

]]> Poor employment data out of both the United States and Canada failed to stymie investor sentiment as the Canadian markets rallied for a third straight day during Friday trading. For the tale of the tape, the TSX Exchange surged 1.66%, while the TSX Gold Index rallied 1.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 1.24% with the advancing issuers edging out the decliners by a 390 to 315 margin on 133 million shares traded.

Silverstone Resources sold 1,669,000 ounces of silver in 2008. The silver-gold royalty company recently purchased all of the payable gold and silver from the Minto mine in the Yukon and received advance payments on approximately 3,700 ounces of payable gold and 33,000 ounces of payable silver from the Minto mine as at Dec. 31, 2008, which will be recorded in the first quarter. Silverstone ended the day up C$0.09 at C$0.94.

Coming off of more hot results from its Caspiche gold copper project in Chile, Exeter Resources (AMEX:XRA) locked in a bought deal financing of C$25.2 million by issuing 10.5 million shares at C$2.40 a piece. Exeter ended the day down C$0.07 at C$2.80.

Finally a flash from the bull market past with Can Alaska Uranium reporting grab samples of up to 46.9 grams gold, 19.7 grams platinum and 20.8 grams palladium on its Poplar project in the Athabasca Basin of Saskatchewan and its share price surged C$0.045 to C$0.17.

Speculation is that the United States will unveil a very positive economic stimulus package on Monday. After a three-day rally, if the market is disappointed with the outcome, look out below. We will see what Monday trading has in store.

Source: Resource Stock Roundup: Monday, February 9th, 2009

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