Markets Move Forward on U.S. Employment Data

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http://ymlp349.net/zwNUkK ——————————————————————————– October 7, 2012 Week In Review…

Week In Review For October 1 to October 5, 2012 Canadian Companies mentioned include:

* Fancamp Exploration Ltd. (TSX-Venture:FNC) * Yukon-Nevada Gold Corp. (TSX:YNG) * Lynden Energy Corp. (TSX-Venture:LVL) * GoldQuest Mining Corp. (TSX-Venture:GQC) U.S. Companies mentioned include:

* Dex One Corp. (NYSE:DEXO) * CD International Enterprises Inc. (OTCBB:CDII) * Energy Edge Technologies Corp. (OTCBB:EEDG) * El Capitan Precious Metals Inc. (OTCBB:ECPN) This week on AllPennyStocks.com:

* Article Published, October 2, 2012: PharmaGap Shares Tumble Lower as Licensing Agreement Saga Continues (http://www.allpennystocks.com/aps_ca/special-reports/300/pharmagap-shares-tumble-lower-as-licensing-agreement-saga-continues.htm) (CDN / U.S. Company) * Article Published, October 3, 2012: Amarantus BioSciences Teams with Former NFL Pro Bowler EJ Henderson to Tackle Concussions (http://www.allpennystocks.com/aps_us/special-reports/300/amarantus-biosciences-teams-with-former-nfl-pro-bowler-ej-henderson-to-tackle-concussions.htm) (U.S. Company) * Article Published, October 5, 2012: Tapping into Social Media Could Prove a Boon for Intigold Mines (http://www.allpennystocks.com/aps_ca/special-reports/301/tapping-into-social-media-could-prove-a-boon-for-intigold-mines.htm) (CDN / U.S. Company) Video charts for the week:

* October 3rd Technical Video Chart For FNC:CA. The Fancamp Exploration chart is holding a base at 15 cents to form a double bottom pattern. Tuesday`s green close at 17 cents has the indicators showing bullish signs of momentum and trend which could lead to a run at resistance at 20 cents. view:

( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/uvuf_M9QMJg ).

* October 3rd Technical Video Chart For DEXO. Dex One has surrendered about half its value from highs over $2 per share in one month. The pps is sitting on a support level at $1.10 as the indicators are giving early signs of a potential bounce with resistance ahead at $1.40. view:

( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/dE1nPqDevRA ).

Follow AllPennyStocks.com on Twitter: Click here: ( http://www.allpennystocks.com/aps_common/twitter.asp ) to join AllPennyStocks.com on Twitter. Find out about the penny stocks to watch before anyone else, only on Twitter. Following AllPennyStocks.com is free, get all the details here: ( http://www.allpennystocks.com/aps_common/twitter.asp ).

WEEKLY UPDATE – MARKETS MOVE FORWARD ON U.S. EMPLOYMENT DATA Stocks in North America felt upward pressure this last week, coming right out of the gates on Monday in a buying mood on better-than-expected data on U.S. manufacturing and Federal Reserve Chairman Ben Bernanke`s positive comments on monetary policy which drove stocks to multi-year highs. The Fed chief reiterated his stance on initiating the latest round of bond buying, saying that the economy “simply has not been growing fast enough recently to make significant progress in bringing down unemployment.” On a similar note, European Central Bank leader Mario Draghi, stood by his decision for unlimited bond buying and “whatever it takes” to save the euro. ECB officials also kept key lending rates at 0.75% when they met in Slovenia last week. Also on that front, the Bank of England left its key interest rate unchanged at 0.5%, where it`s been since early 2009.

Some downside pressure came this week as investors waited for key reports on unemployment which were scheduled for Friday and China continuing to deliver economic data that shows the world`s second biggest economy is contracting. Although manufacturing in the leading country appears to be stabilizing from lows set in August, September`s manufacturing activity still slowed modestly further, sparking concerns about demand and growth. The official Purchasing Managers` Index, released by the National Bureau of Statistics along with the China Federation of Logistics and Purchasing, printed at 49.8 on a 100-point scale, compared to 49.2 in August. Readings below 50 signal contraction.

Also from the East, a closely-watched survey of business sentiment in Japan showed deterioration in optimism. The so-called diffusion index for large manufacturers came in at minus three in the September survey, compared to a minus one reading in June.

The European Union reported early in the week that the unemployment rate in the economically-challenged euro zone hit a record 11.4% in August. Further, the unemployment rates for June and July also were upwardly revised up to 11.4%, meaning the 17-nation group has seen its jobless situation at the same exorbitantly high level for three straight months, according to Eurostat, the European Union`s statistical office. The reading is the highest since being kept dating back to 1995.

Investors were also drawing optimism from expectations that Spain was going to request bailout money from the EU and International Monetary Fund this past week. Those thoughts were quelled on Tuesday when Spanish Prime Minister Mariano Rajoy denied that he was making the request, reigniting investor concern about the region.

Sentiment was also a bit dour as earnings reports started to roll-in.

After bellwether FedEx had already lowered its guidance, a fellow barometer of global economic conditions, Hewlett-Packard, followed by delivered a soft forecast.

The second half of the week was all about jobs and the upcoming elections in the United States.

The first Presidential debate happened on Wednesday night with Governor Mitt Romney and President Barrack Obama going head-to-head in the first of three debates before the upcoming election in November.

The general consensus amongst analysts was that Romney had a strong day which is supporting an extremely tight race, especially in battleground states like Florida and Ohio. Intrade had shown that Obama`s chances of winning the election at 71 percent heading into the debate. One hour after the debate, the percentage had dropped by nearly five percent. Romney is generally viewed by investors as being more market-friendly.

A slightly better-than-expected report on first time jobless claims in the U.S. on Thursday had traders keen from Friday`s report which blew most investors out of the water in showing that – for the first time since Barrack Obama took the seat as President – the unemployment rate fell below 8 percent. Canada chimed-in with jobs growth that was five-fold larger than experts predicted.

While reports such as those from the labor markets would typically send stocks soaring, the fever did not lost long with U.S. stocks paring gains and the Canadian markets closing red on Friday as energy and metals sunk, although weekly gains were still had across the board. Remember, a strong economy hurts quantitative easing in the U.S., which is what most investors were looking forward to in prior months. In the States, the unexpected, steep drop in unemployment set-off a series of outlash from conservatives alleging that the “books were getting cooked” to help democrats get some footing after apparently losing traction after the first debate. All allegations were adamantly denied by the U.S Bureau of Labor and Statistics and any conspiracy theories were dismissed as hogwash.

Going forward, the political debate is clearly going to pick up steam and have an impact on the markets. Earnings reports start to increase in frequency now in coming weeks which can give direction of overall market trends. This week will be abbreviated in Canada in observance of the Thanksgiving holiday on Monday. Although the markets are open, banks in the United States are closed for Columbus Day.

The Canadian dollar took strength again versus the US Dollar to hit two-week highs on jobs reports to claim ground on the greenback for the first time in three weeks. Both countries recorded a rise in new jobs that was far better than expected, which caused a modest weakening in the greenback, but more importantly reinforced Canada`s main bank`s concept that it would eventually be raising interest rates. This directly strengthened the loonie against its US peer.

Across the week, the Canadian dollar gained 0.45% on the US dollar, so next week will begin with one Canadian dollar buying US$1.0219.

Commodity Snapshot:

* Gold futures came within $1.90 from breaking through $1,800 per ounce for the first time in about one year as stimulus plans again buoyed bullion this past week before sinking on Friday with the upbeat jobs report. Even with a Friday pullback, bullion closed at its highest settlement since November 8, 2011. Economic data, such as the unemployment rate dropping and upbeat manufacturing figures from the ISM, coupled with dovish comments from from Charles Evans, the president of the Federal Reserve Bank of Chicago whom praised the start of QE3 in an interview with CNBC, helped metals continue their multi-month push upward. In case anyone was concerned that QE3 may end just because of one positive unemployment reading, Draghi made sure the world knew that the European version of quantitative easing will go on as planned “no matter what happens in the U.S.” December contracts were the most actively traded; rising 0.39%, or $6.90 per ounce, to close the week at $1,780.80 on the Comex division of the New York Mercantile Exchange.

* Silver futures, by virtue of gold`s rise and good manufacturing data, hit their highest levels ($35.455) since the first week of March on Monday, but a slide on Friday had the white metal close basically flat on the week. Technical traders were quick to note that silver has broken a downtrend that began last May. Further lending credence to the chart forming a new uptrend is the formation of a “Golden Cross” of the 50 day simple moving average about to pass through the 200 day moving average. Silver for December delivery was the most actively traded; fading by only 0.01%, or $0.005, to $34.572 per ounce.

* Copper prices also got hoisted upward on Monday as more manufacturing means higher demand for the industrial red metal.

Copper stopped its two-week slide, but has been blowing hot and cold in a tug-o-war with stimulus packages that have helped metals and China, a huge consumer of metals and largest user of copper in the world, provided economic data that is showing deceleration. This past week China reported that its services sector expanded at a slower pace in September and that its manufacturing sector further weakened.

December contracts were the most actively traded on New York`s COMEX exchange during the week; advancing 2.0 cents, or 0.53%, to $3.778 per pound.

* Oil prices plunged to nine-week lows of $87.91 during a volatile trading week that focused on fragile global economies and production reports. The latest report on stockpiles from the EIA showed a surprising drop of 500,000 barrels (against analyst predictions of a 1.5 million barrel rise), but any supply concerns were offset by reports that yearly oil production is up 12 percent over 2011 levels and at their highest since 1996. The jobs report didn`t help oil either as new commuters apparently didn`t increase demand, which fell 2.5 percent from the same four-week period in September of 2011.

November contracts for West Texas Intermediate crude were the most actively traded and closed the week down by $2.31, or 2.51%, at $89.88 per barrel.

Equity Market Snapshot:

(All percentages on a weekly basis unless otherwise noted) * Major gold miners were all up early in the week, but mostly saw some shelving of gains on Friday to pare winnings. Agnico-Eagle Mines (TSX:AEM, +2.71%) continued its winning ways for the eleventh straight week; Kinross Gold (TSX:K, +5.27%), Goldcorp (TSX:G, +0.18%), Newmont Mining (TSX:NMC, +0.20%) and Barrick Gold (TSX:ABX, +0.12%) also advanced as well, but Yamana Gold (TSX:YRI, -0.96%) sifted-off a few points.

* The rise in Kinross shares was aided in part by Dundee Securities which said it is “cautiously” upgrading Kinross Gold Corp. to a “buy” as the company has been “unquestionably oversold” and should continue its recovery.

* Energy stocks followed the broad markets and not the price of crude. Imperial Oil (NYSE:IMO, +0.11%), Canadian Natural Resources (NYSE:CNQ, +0.13%), Suncor Energy (NYSE:SU, +2.56%), Exxon Mobil (NYSE:XOM, +1.20%) and Cenovus Energy (NYSE:CVE, +0.86%) were all in the green. Talisman Energy (NYSE:TLM, -1.13%), however, docked some points.

* Exxon reported a fired breaking-out at its refinery in Baytown, Texas on Wednesday. The massive refinery is the biggest in the U.S.

and one of the largest in the world, covering five-square-miles, with a capacity of 584,000 barrels a day. The fire was extinguished, Exxon said it will still meet all contractual obligations and is investigating the cause.

* On the Canadian energy front, Enbridge Inc. (TSX:ENB, 4.92%) got a ratings upgrade from BMO and UBS after the pipeline company boosted its EPS-growth target 2 percentage points to at least 12 percent. BMO upgraded the company to “outperform,” while UBS moved Enbridge to a “buy.” * The biggest of banks in the US kicked-it back into gear after stalling for two weeks. Bank of America (NYSE:BAC, +5.55%), Citigroup (NYSE:C, +6.27%), JPMorgan Chase (NYSE:JPM, +3.80%), UBS AG (NYSE:UBS, +5.09%), Wells Fargo & Co. (NYSE:WFC, +3.79%) and Goldman Sachs Group (NYSE:GS, +4.95%) all gained value. XLF (NYSE:XLF, +3.01%), the financials select sector SPDR that tracks the financial stocks in the S&P 500, rose after two straight red weeks.

* The biggest banks in Canada chipped higher along with their North American peers. National Bank of Canada (TSX:NA, +0.30%), Royal Bank of Canada (TSX:RY, +1.57%), Bank of Montreal (TSX:BMO, +1.69%), Toronto-Dominion Bank (TSX:TD, +0.07%), Canadian Imperial Bank of Commerce (TSX:CM, +0.42%) and The Bank of Nova Scotia (TSX:BNS, +0.26%) rose unitedly.

* Ceramics maker Ceradyne (NASDAQ:CRDN +43.55%) saw shares soar after 3M Co. (NYSE:MMM +2.57%) said that it will pay $35 a share to acquire the company, a 43 percent premium over the prior trading day`s closing price. Excluding cash and equivalents, the transaction is valued at about $670 million.

* Shares of medical device maker Fonar Corp. (NASDAQ:FONR, +48.53%) surged to maintain their upward trajectory after the Melville, N.Y.

company posted earnings of $6.9 million, or 91 cents per share, in the fourth quarter. The MRI manufacturer recorded its ninth straight profitable quarter.

* Sunshine Heart Inc. (NASDAQ:SSH, -4.56%) got a lift initially after saying that it received conditional approval from the FDA for an Investigational Device Exemption (IDE) for its flagship C-Pulse® Heart Assist System, but faded by week`s end.

* Nokia Corp. (NYSE:NOK, +4.08%) reported striking a deal with Oracle (NASDAQ:ORCL, -0.22%). The pact will allow Oracle customers access to Nokia’s location platform by integrating the Finnish company`s technology into Oracle`s Fusion Middleware Map Viewer. In a separate matter, Credit Suisse (NYSE:CS, +6.71%) lowered its rating on Nokia to underperform, citing skepticism that the company would find a filling buyer in a breakup scenario.

* ArQule Inc.’s (NASDAQ:ARQL, -48.14%) shares plunged as the biotech and Japanese partner Daiichi Sankyo Co. said they would halt a Phase III clinical trial on tivantinib, a drug intended to treat non-small cell lung cancer, after an independent committee concluded that the study wouldn’t result in improved overall survival. The company`s still plan to test the drug against other cancers.

* On the other side of the FDA coin, shares of Sarepta Therapeutics Inc. (NASDAQ:SRPT, +120.86%) erupted upon reporting meeting primary endpoints in a phase 2b trial for Duchenne Muscular Dystrophy in boys.

Sarepta`s drug improved the walking ability in boys suffering from the rare degenerative disease.

* Vringo Inc. (AMEX:VRNG, +56.55%) shares jumped after the provider of video ringtones and other technologies reported that a federal judge cleared the path for Vringo to proceed with a patent suit against Google Inc. (NASDAQ:GOOG, +1.74%), AOL Inc. (NYSE:AOL, +4.31%) and others. Vringo contests that the defendants infringed upon its patents related to its Web-search technology. A trial is now expected to begin October 16.

* The Government Accountability office upheld International Business Machines Corp.`s (NYSE:IBM, +1.51%) protest over a five-year government contract worth up to $543 million awarded to Hewlett-Packard Co. (NYSE:HPQ, -13.66%) in June by the Department of Veterans Affairs. Citing “several prejudicial errors in its evaluation,” the federal watchdog recommended that the VA re-evaluate the decision and possibly reopen the bidding process.

* Separately, Hewlett-Packard stock took a hit as the embattled company warned of a 10 percent drop in earnings next year, a call that analysts were not expecting. H-P closed near a ten-year low on the week.

* TD Bank hiked its target price on Air Canada (TSX:AC/B, +10.24%) from $2 to $3 a share, citing “several” positive developments at the airline, including a favorable arbitration ruling Wednesday in its dispute with regional partner Chorus Aviation and strong traffic results lately.

* T-Mobile and MetroPCS (NYSE:PCS, +8.03%), the fourth- and fifth-largest wireless carriers in the United States respectively, agreed to terms to merge the companies hoping that combined they can capture a bigger market share. MetroPCS shareholders will receive $1.5 billion cash and 26 percent ownership in the merged company.

T-Mobile USA parent company Deutsche Telekom will have majority control with 74 percent. The combined company will be known as T-Mobile, but the two consumer brands will operate separately. Both boards have approved the merger.

* Keeping things spicy, rumors hit the street that Verizon (NYSE:VZ, +4.39%) and Sprint (NYSE:S, -5.80%) may be considering a counter-offer to buy MetroPCS.

* Discount retailer Gordmans Stores Inc. (NASDAQ:GMAN, -18.70%) shares tumbled when it said that same store sales continue to trend lower and third quarter comparable sales through September are down 2.1 percent. The company, which sells goods at up to a 60 percent discount to department stores, lowered its guidance for Q3 earnings from 24-26 cents per share to 18-20 cents per share. Analysts were calling for earnings of 26 cents a share. Gordmans has beat analysts every quarter since in went public in 2010, but may miss this time.

* On the same lines, Express Inc. (NYSE:EXPR, -22.06%) shares fell as the retailer cut its sales and earnings estimates for the third quarter.

* Chipmaker Applied Materials (NASDAQ:AMAT, -0.31%) said it will be cutting up to 9 percent of its workforce as the struggling company aims to realign to be able to invest in growth initiatives.

* Cablevision Systems Corp. (NYSE:CVC, +7.00%) reached an agreement with Walt Disney Co. (NYSE:DIS, +1.32%) permitting the cable operator to launch several services that allow its customers to access Disney`s live and video-on-demand content.

* Shares of Best Buy Co. (NYSE:BBY, +4.83%) rallied after two straight down weeks upon a Reuters report that Best Buy founder Richard Schulze and buyout companies were reviewing the electronic retailer’s books which could eventually lead to a $11 billion offer to buy the big box retailer.

* Marriott International Inc. (NYSE:MAR, -2.07%) said it swung to a third-quarter profit, led by strength in its North American hotels.

The company, which operates Courtyard, Ritz-Carlton, Renaissance and Fairfield brand hotels, also tightened its full-year earnings outlook range, now expecting $1.68 to $1.72 a share after previous guidance of $1.65 to $1.75. During the last quarter, Marriott reported revenue declining 5 percent to $2.73 billion compared the the 2011 period, a profit of $143 million, or 44 cents per share, compared to a loss of $179 million, or 52 cents per share, during the year prior period.

Analysts expected 40 cents per share earnings on $2.65 billion in revenue.

* Shares of Zynga Inc. (NASDAQ:ZNGA, -12.52%) continued to get bruised and battered after the social-game maker cut its full-year outlook well below Wall Street expectations and said it took a healthy write-down on its acquisition on OMG Pop, the creator of “Draw Something.” * InterMune Inc. (NASDAQ:ITMN, +1.23%) shares rose when the biotech said Health Canada approved its Esbriet (pirfenidone) drug for the treatment of mild-to-moderate idiopathic pulmonary fibrosis in adults, expanding the list of countries where the drug is approved. InterMune expects the drug to be available early in 2013 for Canadians.

* Ocwen Financial Corp. (NYSE:OCN, +34.08%) shares zipped ahead after it entered into a $750 million deal to buy Homeward Residential Holdings Inc.

* Facebook (NASDAQ:FB, -3.46%) said on Thursday morning that it reached 1 billion users. In July of 2010, Facebook only had 500 million users. The social media giant said that the 1 billion users have resulted in 1.13 trillion “likes” and 219 billion photos on the website. The company also unveiled a new plan to have users pay $7 per month to have their posts be promoted to friends as it tests the water with alternate ways to generate revenue.

Weekly Indices Results:

The S&P TSX Composite Index rallied after two down weeks; recovering 101.53 points, or 0.82%, to 12,418.99. The TSX Venture Exchange chugged ahead for the fourth time in five weeks; growing 10.47 points, or 0.78%, to 1,344.98.

In the States, the Dow Jones Industrial Average got its footing again; advancing 173.02 points, or 1.29%, to 13,610.15. The much-broader S&P 500 tagged along; rising by 20.26 points, or 1.41%, to close at 1,460.93. The tech-rich NASDAQ Composite completed the green sweep for big boards; rising by 19.96 points, or 0.64%, to 3,136.19 on the week.

Canadian Economic Data:

* The Industrial Product Price Index (IPPI) edged down 0.1% in August compared with July, representing the fourth consecutive monthly decline. However, the decrease of the index was smaller than in the previous three months. Of the 21 major commodity groups, 13 were down while 4 were up. The motor vehicles and other transportation equipment group (-1.3%) made the largest contribution to the drop while higher prices in the petroleum and coal products group (+3.4%), especially fuel oils and other fuel (+4.4%) and gasoline (+2.5%) moderated the decline. Compared with August 2011, the IPPI was down 0.3%; the first year-over-year decrease of the index since March 2010.

* Raw Materials Price Index (RMPI) rose 3.4% in August, mostly because of higher prices for mineral fuels (+9.1%), specifically crude oil (+9.8%). The RMPI excluding mineral fuels was down 1.3% for the month. The advance in the RMPI was moderated by lower prices for non-ferrous metals (-3.0%), pushed downward mainly by copper and nickel concentrates as well as radioactive concentrates. Compared with August 2011, the RMPI fell 4.0%, the sixth consecutive year-over-year decrease.

* The Ivey Purchasing Managers Index registered a seasonally-adjusted mark of 60.4 in September, following a 62.5 reading in August.

Analysts were expecting a drop to 59.0 for the month. The Ivey PMI, which is sponsored by the Richard Ivey School of Business at Western University, measures changes in economic activity as indicated by a panel of purchasing managers across the country. Any reading above 50 indicates an expansion of purchasing activity, while an index below 50 indicates a decline.

* Statistics Canada said that building permits set a record high in August, a surprising boom led by non-residential projects. The value of municipal permits rose 7.9 percent to $7.35 billion, after a revised 2.8 percent decline in July. Economists were way off in predicting a 1.3 percent decline.

* There was a hike in employment in September, for the second straight month. The economy added 52,000 jobs, mainly in full-time work; well ahead of forecasts for an increase of 10,000 jobs. The unemployment rate rose 0.1 percentage points to 7.4% as 72,600 more people participated in the labor market, according to StatsCan.

Next week, economic data will include Housing Starts on Tuesday and; International Merchandise Trade and the latest reading of the New Housing Price Index on Thursday.

U.S. Economic Data:

* Surprising analysts, the Institute for Supply Management’s (ISM) manufacturing gauge rose to 51.5 in September from 49.6 in August, the highest reading since May. Economists had expected readings at 49.7 for the month. A figure of above 50 signal expansion. The rise above 50 was the first reading in expansion territory after three straight months of contraction in manufacturing activity. Overall, the above-50 reading is good, but it is notable that the prices paid index surged from 54.0 to 58.0, suggesting a rise in inflationary pressure.

* Demand for passenger cars made by Toyota, Honda and Chrysler helped U.S. auto sales continue on a path of steady growth in September.

Toyota reported sales increases of 42%; Honda sales rose 31% and Chrysler sales notched a 12% climb during the month. Sales at General Motors (+1.5%) and Ford (-0.3%) were basically flat. GM was slowed by a 19% drop in Silverado truck sales.

* Payroll processing firm ADP said that the economy added 162,000 private-sector jobs in September while downwardly revising growth numbers for the prior two months by 29,000. Economists were calling for a increase of 152,000. This year`s pace is averaging 172,000 new jobs each month, ahead of 2011`s 138,000 per month pace.

* Positive data came from the ISM`s non-manufacturing index, a measure of the services sector which accounts for about 83 percent of all private-sector jobs. The ISM non-manufacturing index rose to 55.1% in September from 53.7% in August, the best reading in six months and the 33rd consecutive month of expansion in the sector.

Analysts were calling for a flat month. A reading over 50 indicates that more companies are expanding than contracting.

* The Labor Department said that the number of people applying for first time jobless benefits rose to a seasonally-adjusted 367,000 for the week ended September 29. Economists were expecting claims to rise to 370,000. Claims from two weeks ago were upwardly revised to 363,000 from 359,000. The four-week average, considered a better gauge of trend because is strips-out volatility, was unchanged at 375,000.

* The Commerce Department reported that Factory orders declined for the second time in three months. In August orders dropped 5.2% in August, following a 2.6% gain in July. Economists were calling-for a 5.9% drop based upon a crash in durable goods orders that the government had already reported for August.

* The Labor Department shocked the country in reporting that the unemployment rate dropped below 8 percent for the first time in nearly four years in September. In July the rate was at 8.1 percent.

Employers created 114,000 new jobs during the month which was in line with forecasts, but a nice upward boost in revisions for the prior two months boosted the overall metric. The BLS raised the number of jobs created in July to 181,000 from 141,000 and from 92,000 in August all the way up to 142,000. As mentioned above, the revisions sparked much controversy about potential numbers tampering.

Next week, data in the States will bring International Trade and Jobless Claims on Thursday; and the Producer Price Index and Consumer Sentiment on Friday.

Penny Stocks to Watch & Company Spotlight Results:

Among the stocks we watched this week, mid-tier gold producer Yukon-Nevada Gold Corp. (TSX:YNG) started the week slowly, but found strength throughout the week to close on Friday at its intraweek high of $0.315 for a gain of 1 cent, or 3.28%. The other Canadian stock on our radar, basic materials miner Fancamp Exploration Ltd.

(TSX-Venutre:FNC) was range bound before a fallout on Friday to close the week down by 3 cents, or 17.14%, at 14.5 cents with an intraweek high of 17.5 cents.

In the States, media company Dex One Corp. (NYSE:DEXO) basically channeled sideways, closing the week down by 4 cents, or 3.20%, at $1.21 with an intraweek high of $1.25. The other U.S. stock on our watchlist, diversified services company CD International Enterprises Inc. (OTCBB:CDII) fell through support and tumbled lower to close the week off by 6 cents, or 25%, at $0.18 with an intraweek high of $0.245.

If you`d invested in all four stocks and held them to the end, you`d have seen an average loss of 10.52%. However, if you`d bought all four at the beginning of the week and sold each at its peak, you`d have realized gains of 2.34%.

Next week, we focus on Lynden Energy Corp. (TSX-Venture:LVL) and GoldQuest Mining Corp. (TSX-Venture:GQC). In the States, look for big things from Energy Edge Technologies Corp. (OTCBB:EEDG) and El Capitan Precious Metals Inc. (OTCBB:ECPN).

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Before making a purchase or sale of any securities featured on our web site or mentioned in our reports, we strongly encourage and recommend consultation with a registered securities representative. This is not to be construed as a solicitation or recommendation to buy or sell securities. As with any stock, companies we select to profile involve a degree of investment risk and volatility. Particularly Small-Caps and OTC-BB stocks. All investors are cautioned that they may lose all or a portion of their investment if they decide to make a purchase in any of our profiled companies. Past performance of our profiled stocks is not indicative of future results. The accuracy or completeness of the information on our web site or within our reports is only as reliable as the sources they were obtained from. The profile and opinions expressed herein are expressed as of the date the profile is posted on site and are subject to change without notice. No investor should assume that reliance on the views; opinions or recommendations contained herein will produce profitable results. AllPennyStocks.com may hold positions in securities mentioned herein, and may make purchases or sales in such securities featured on our web site or within our reports. In order to be in full compliance with the Securities Act of 1933, Section 17(b), AllPennyStocks.com will disclose in it`s disclaimer, what, if any compensation was received for our efforts in researching, presenting and disseminating this information to our subscriber database and featuring the report on the AllPennyStocks.com web site. Information presented on our web site and within our reports contain “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be “forward looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as “expects”, “will,” “anticipates,” “estimates, “believes,” or that by statements indicating certain actions “may,” “could,” or “might” occur.

THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SMALL CAP SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK.

We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission (SEC) at: http://www.sec.gov ( http://www.sec.gov ) and/or the National Association of Securities Dealers (NASD) at:

http://www.nasd.com ( http://www.nasd.com ). Readers can review all public filings by companies at the SEC`s EDGAR page. The NASD has published information on how to invest carefully at its web site.

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