Stockhouse @ the Bell: Wall Street rings up retail gains; TSX hung up on telecom

Better-than-expected November sales boosted the Dow Friday, while a wireless surprise weighed on Bay Street.

Today on Stockhouse

Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.

Gene Arensberg believes the gold/silver party is just getting started in his Got Gold Special Report.

This as Andrew Mickey of Q1 Publishing attempts to breathe new life into an old investing idea.


Top Bullboards post: “WM (Wallbridge Mining) owns 10,000,000 (shares of) DM (Duluth Metals): profitable way to own DM. I'll say it again because people appreciate a bargain. WM tracks DM but sometimes lags. An opportunity knocks,” from zzzzz99 on the Duluth Metals (TSX: T.DM, Stock Forum) board.

Top Bullboard: Victory Nickel (TSX: T.NI, Stock Forum) gathered the most posts and the second-most reads on a day its stock jumped 9%.

Top blog: YeOldGoldNugget alerts members to what the blogger considers to be two developing gold and silver stocks in the Orko Silver blog.

For news about small stocks that made big moves in Friday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.

Word on Wall Street

"We're going from the first global recession in 70 years to a tepid, but very real global growth story," said Stephen Wood, chief market strategist at Russell Investments, in an interview with Associated Press.

Today In The Markets

TSX closes in the red; telecoms weigh as wireless business gets new competitor

TORONTO, NEW YORK (CP) - The Toronto stock market closed lower Friday, with losses particularly heavy in the telecom sector after the federal government opened the wireless business to a new competitor.

The S&P/TSX composite index fell 40.64 points to 11,423.93, for a loss of 86.87 points or 0.75 per cent this week. The TSX Venture Exchange declined 0.49 of a point to 1,417.11.

The Dow Jones industrial average moved up 65.67 points to 10,471.5, gaining 82.53 points or 0.79 per cent this week. The Nasdaq composite index dipped 0.55 of a point to 2,190.31 while the S&P 500 index climbed 4.06 points to 1,106.41.

Please click here for the complete U.S. and Canadian market summaries.

After-Hours News

MetalCORP (TSX: V.MTC, Stock Forum) After Friday’s close, the junior miner reported the results of the first mineral resource estimate for its 100% owned Platyer Moly-Rhenium project near Marathon, Ontario, which included an inferred resource of 874,410 tonnes grading 0.25% molybdenum, 1.67g/t rhenium and 3.38g/t silver.