Market Overview

Stocks rose for a third day Thursday on upbeat housing data and stronger-than-expected earnings, while energy stocks kept the TSX positive.

Gold spot price have moved above $1650 again, however, gold stocks have not returned to its normal range after the drop. We still believe gold stocks will move a lot higher soon and are very bullish within this year. There is still a lot of activities happening with the financial system across the world that still have yet to be uncovered.

We are also very bullish on energy stocks, especially oil  and uranium stocks. Also pay attention to natural gas stocks because they have been hit quite hard that we might see a bounce but stock piles are still too high to be completely bullish.

You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.

Eyes are on gold

We are watching gold too. Some analyst are saying it is possible to drop gold down to as low as $1475-$1525? is that possible? of coarse, anything is possible haha. These analysts are basing this according to the charts, that it will match the low before gold popped to the ~$1900 level.

Before, we were expecting to see something like a head and shoulder, but it is slightly off because gold had dropped through $1650. As of today, gold did break the 200ma support line but gold is back up over $1650 which was the previous yearly low.

We are still 100% bullish on gold for the end of the year and we do expect it to shoot pass $2000.

You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.

Look at WND.V market cap...

A lot of investors of Western Wind Energy are questioning why the share price is so low and is still under AQN's $2.50 bid. Honestly, it doesn't make sense, but if you take a look at other "undervalued stocks", like gold mining producers, oil producers, etc, a lot of stocks are not moving as how people are used to when the market was well and not focused on financial crisises. However, I still believe as long as we get good enough news, the stock price will move in a spike with only 62.M shares in he float (and of coarse it will  also depend on where the overall market sits).

Western Wind Energy has already filed in for the $90M grant to the government which we are expecting to see in 4-5weeks from now.

Here is a simple math:

($112M Market Cap  + $90M Grant)/62M Shares Out. = $3.25 per a share

Of coarse, it is not as simple as that and a lot other factors will play into the real equation. But we can see, it is obviously undervalue at about half that price at $1.80 today.

We should be seeing a price improvement in the next 2-3 quarters - till end of the year for a price increase. Unless the unfortuantes happen, but for now, lets hope for the best!

You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.

Pressing the Nuclear Restart Button

China will continue to safely develop nuclear power after a one-year construction hiatus

News link: http://www.bjreview.com/print/txt/2012-02/27/content_427876.htm

On March 30,2012, Alice Tsang was on BNN afternoon market call naming UUU.TO as her top pick and expects it to double by year end.