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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@James#BNN Morning Note - "For those who are interested in attribution this year for the TSX – that is, what is added to and what has detracted from the TSX on a year to date basis – it isn’t hard to guess what has taken the most off of the composite index so far this year. According to CIBC calculations, healthcare has accounted for a negative 53 per cent of the move for the TSX year-to-date (-52 per cent is Valeant $VRX alone) while energy and materials have contributed positively by 41 per cent and 61 per cent, respectively to the overall 3.7 per cent price change in the #TSX.
· Looking for ideas? One of the best places to look is where the sophisticated option money is focused. In recent days, the blotters have shown a distinct like for buying puts on Teck Resource – a bearish call using the $7 and $8 strikes (U.S. dollars versus last night’s $8.54 U.S. close) $TCK
· Today is oil inventories day. The price of #oil is lower following last night’s 8.8 million barrel infusion into inventories according to the American Petroleum Institute. The Street expects a 2.525 million barrel increase for the DOE inventories that are out at 10:30 a.m. ET this morning"
@MiningBookGuy@anonymous - is that post in response to @Newton request for me live tweeting #DiggersAndDealers? I won't be there, to 100% confirm.
With that said, I encourage people at ceo.ca to be more open to international exchanges. I'm American, and it took me far too long to become aware of thousands of juniors internationally. It's true that most people here don't buy the #ASX. But it's definitely worth looking into possibilities (as an example, I just learned the other day that @excelsior has success with ASX companies that have a US-OTC listing). And it's always good to be aware of #ASX companies that are doing work right next door to #TSX companies that you may own. You will get further insight about emerging districts that way.
@rackerCanaccord $CF just shipped their Mineral Explroation Review titled "Orbit Maintained" and 107 pages. The new top-five projected returns are Paringa Resources ( $PNL.AX, rated Speculative Buy by Tim McCormack), Altura Mining ( $AJM.AX, rated Speculative Buy by Tim McCormack), Vimy Resources ( $VMY.ASX, rated Speculative Buy by Tim McCormack), Dalradian Resources ( $TSX, rated Speculative Buy by Eric Zaunscherb), and Finders Resources ( $FND.AX, rated Buy by Tim McCormack). • Belo Sun, Blackham and Dacian appear to be most sensitive to changes in gold price. Bear Creek is most sensitive to changes in silver price followed by Alexco, MAG Silver and Canadian Zinc. Atlantic Gold, Alexco and Canadian Zinc dominate Canadian dollar sensitivity while Vimy, Blackham and Dacian appear most sensitive to changes in the Australian dollar exchange rate.
@MiningBookGuyWest Africa Bourse Plans Mining Exchange to Ease Capital-Raising http://www.bloomberg.com/news/articles/2016-08-24/west-africa-bourse-plans-mining-exchange-to-ease-capital-raising#WestAfrica#Africa#BRVM#TSX#IvoryCoast
"West Africa’s regional stock exchange plans to start a separate section for mining stocks by 2018, a move aimed at making it easier for resources companies to raise funds in the local CFA franc currency, the head of the bourse said.
The Bourse Regionale des Valeurs Mobilieres, based in Abidjan, Ivory Coast’s commercial capital, is amending its regulations and aims to have a dedicated mining platform in place by 2018, General Manager Edoh Kossi Amenounve said in an interview by phone. The mining exchange will be open for companies exploring or operating mines in the region, he said."
I think this is a big deal that's under the radar right now. Keep following the positive #WestAfrica momentum...
@KevinS#mgbtrends@fundamentalanalysis@hihosilver Thanks for your responses. So far this year Ive being entering positions using the #TSX, for the reasons you suggest in terms of liquidity. And as @FundamentalAnalysis suggests, the EUR vrs CDN FX don't have a clear trend so it probably works out even if the currencies don't swing wildly against each other e.g. any disadvantage in FX rates is made up by a tighter bid/ask spreads on a more liquid exchange. If you were holding US dollars and investing in a stock that was on a Zimbabwean exchange (just say) then maybe you'd be more worried. Thats my understanding anyway. Maybe other #Europeans have reflected on this? In terms of brokers I use the Irish branch of Degiro (which is based in Netherlands). It has super low fees compared to other Irish and UK brokers which is great for us #newbies as €20-35 euro a trade is just not cool for the small #newbie investor trying to dollar cost average into a position. Currently looking at 2.00EUR + CAD0.01/share for entering trades on Canadian Exchanges. Seems pretty ok to me but I must compare to Interactive brokers. The major disadvantage at the moment with Degiro is that I can't get or even pay for 'live' prices for TSX exchange so I use #yahoofinance and/or #googlefinance to check the current prices then enter my Limit Order online in Degiro.ie accordingly. If there is no ticker for one of the juniors then I ring them up and they chuck it on the system but this takes a couple of days to appear. Most recent one was Skyharbour Resources $SYH which I have got them to put on there and I reckon Ill put a sneaky order on it this weekend in the low 0.20s :) have created #Europeans for others to offer similar learning curves. #Ireland
@MFung@KevinS I also use that broker, the Portuguese branch. I've been using it, I like it's simplicity and most of the times find it very cheap. Mainly for US and Australian exchanges, though. For #TSX it really depends on the SP. For a CAD5000 order on a 0.10 stock, that would be a 2.00EUR + CAD500, which is a lot! Have you used any other alternatives? #Europeans
@Goldfinger@Mutt Not the best Head & Shoulders pattern i've seen, not much of a right shoulder so far. That being said a breakdown below 15,300 will target a move down to at least the 14,850 area: http://cdn.ceo.ca/1ccjrge-TSX_Daily.png+ The $TSX has spent the last 3 months above 15,300 so there will be a lot of people underwater when we move below that level.
@GoldfingerLots of guys including some experienced chartists drawing a slanted neckline and saying H&S top on $TSX is completed. I disagree. 15300 is my level and although it might crack tomorrow, it's not officially breached on a closing basis. http://cdn.ceo.ca/1cd3p30-TSX_H_%26_S.png+ Watch for breakdown to rising 200-day and then a sharp snapback to retest neckline.
@speculatorI agree @teevee, i will add i have reason to beleive another catylist will push up $nxe hard by may. But thats litterally a crap shoot. This budget situation is probably not helping, its dragging the whole $tsx down waiting for the capital gains BS. $nxe chart looks eerily similar to the tsx daily
@speculatorIm just searching to find out what Trudeau had to say about captial gains, what ever he had to say, the market didnt have a flush out. There looks to be a glimmer of hope on the $TSX chart. It could just be a "pop and drop" as i like to call it
@GoldfingerInteresting little factoid: Total cryptocurrency market capitalization (~US$111 billion) is higher than total $TSX and $TSXV$gold & $silver producer market cap (~US$108 billion) this morning.