Contrarian Stock Market Investing News - Featuring Bargain Stocks » Pure Nickel 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…Thursday, November 06th, 2008 http://www.contrarianprofits.com/articles/resource-stock-roundupthursday-november-06th-2008/8013 http://www.contrarianprofits.com/articles/resource-stock-roundupthursday-november-06th-2008/8013#comments Thu, 06 Nov 2008 20:58:07 +0000 Doug Casey http://www.contrarianprofits.com/?p=8013 The much anticipated presidential rally failed to materialize as profit taking was the story of the day during Wednesday trading on the Canadian markets. For the tale of the tape, the TSX Exchange gave back 2.27%, while the TSX Gold Index fell back 1.5% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, lost 2.44% with the declining issuers outpacing the advancers by a 484 to 322 margin on volume of 130 million shares traded.

Venezuela has finally come out and stated that it is taking over (TSE:CRY) Crystallex’s Las Cristinas gold project. The Venezuelan government aims to have it up and running next year. Crystallex fell C$0.13 to close at C$0.38.

Shares of Pure Nickel (TSE:NIC) added C$0.03 to close…

]]> The much anticipated presidential rally failed to materialize as profit taking was the story of the day during Wednesday trading on the Canadian markets. For the tale of the tape, the TSX Exchange gave back 2.27%, while the TSX Gold Index fell back 1.5% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, lost 2.44% with the declining issuers outpacing the advancers by a 484 to 322 margin on volume of 130 million shares traded.

Venezuela has finally come out and stated that it is taking over (TSE:CRY) Crystallex’s Las Cristinas gold project. The Venezuelan government aims to have it up and running next year. Crystallex fell C$0.13 to close at C$0.38.

Shares of Pure Nickel (TSE:NIC) added C$0.03 to close at C$0.10 after the company granted a Japanese firm the right to earn up to 75% of the Man property in Alaska by spending $40 million.

Atac Resources (CVE:ATC) hit 46.42 metres running 2.92 grams gold per tonne at its Rau property in the Keno Hill district of the Yukon. Atac ended the session up C$0.015 at C$0.125.

Upstart Gold Wheaton(CVE:GLW) tabled a third quarter loss of $2.3 million on the sale of 10,804 ounces of gold. At the end of the quarter the company had some $67 million in cash. Gold Wheaton ended the day unchanged at C$0.38.

The election of a historical new president in the United States was not reason enough for a stock market rally. The winning streak for the junior bourse ended at six but there still appears to be more buy side interest then we have seen in several months. We will see what Thursday trading has in store.

Source: Resource Stock Roundup…Thursday, November 06th, 2008

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