SmallCapVoice.com, Inc., a recognized corporate consulting firm known for its ability to help emerging growth companies build a following among retail and institutional investors, provides the following market commentary and small cap stock highlights:
Wall Street Opens Lower Following a Steep Slide in Asian and European Markets
Stocks in the
The Dow Jones industrial average fell 74.46, or 0.61 percent, to 12,132.71. Broader stock indicators also retreated. The Standard & Poor's 500 index fell 6.53, or 0.49 percent, to 1,324.08, while the Nasdaq composite index fell 16.39, or 0.70 percent, to 2,309.81.
Treasuries are higher with the 10-yr bond yielding 3.571% down from 3.584 late Friday.
Oil prices dropped Monday as new declines in stock markets in Asia and Europe prompted traders to sell crude futures contracts amid worries about the potential fallout from a weakening
Gold bullion opened Monday at a bid price of $916.90 a troy ounce, up from $913.35 late Friday.
HeadsUp Entertainment Inc. a wholly owned subsidiary of HeadsUp Entertainment International Inc. announce last week that registration for all 5 Events of the 2008 Canadian Open Poker Championships will be available through Ticketmaster’s secure online website. Pre-registration has been very strong and HDUP is confident that the Main Event will be sold out quickly. With a large contingent of international poker pros slated to attend, demand has been strong from amateurs across the country wanting to play against their poker idols and potentially become "Television's Next Poker Superstar."
Today’s Hot Stocks to Watch:
Paramount Gold and Silver Corp announced assay results from its first four drill holes in the San Miguel vein of its San Miguel project, in the Guazapares Mining District, Mexico. Drill holes SM-01 TO SM-04 were drilled 40-50 meters apart and were designed to intercept the previously un-drilled San Miguel structure approximately 70 meters below the surface (see map). The San Miguel structure is exposed for at least 1 kilometer and appears to be open along strike to the northwest.
The area in which these four holes were drilled (see map) was selected because of very good grades in 12 surface channel samples across the vein, which averaged 9 meters at 4.22 g/t Au Eq. This area also has several shallow old mine workings, which had high precious metal grades according to local miners. In addition, geologists quite familiar with the nearby Palmarejo deposit have said that the veins here have an appearance virtually identical to those at Palmarejo. The assay results tabulated below support that suggestion. These results are particularly exciting because the ratio of gold to silver is significantly higher than at other portions of the property.
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