Weekly Summary - QIS Blog – December 29, 2017 - December 29th 2017
Weekly Summary - QIS Blog – December 29, 2017
We would like to wish all of our readers a Happy and Prosperous New Year! 2017 was a challenging year for QIS Capital and we appreciate the support of all of our investors. We are working to bring some new content early in the New Year and will be returning to our proven profitable, cash flow focus for new issues.
We are always looking for new investment ideas and are open to researching any promising companies discussed in this forum or presented to us via email or phone call. As always, we have a preference for those stocks which are fundamentally sound, undervalued and underfollowed.
Our most recent QIS Capital email update was sent out to subscribers on Thursday, December 21, 2017. QIS Update #16 included the latest corporate updates from Fairmont Resources (FMR:TSX-V) and Newlox Gold Ventures (LUX:CSE), plus new contract announcements from NTG Clarity Networks (NCI:TSX-V).
To receive QIS Capital’s email updates directly in your inbox as they are issued, please sign up at: http://www.smallcaps.ca/investor_signup. We typically send out 15-25 email updates per year.
During the final week of trading in 2017, crude oil reached a 2.5 year high and gold climbed back above US$1,300 per oz. Due in large part to these trends, the S&P TSX Venture Composite Index added a remarkable 40.42 points or 5.0% in three trading days to close out 2017 at 850.72 points, its highest closing level since October 2014. Overall, the TSX Venture Composite gained 11.59% in 2017. Canada’s primary stock index, the S&P TSX Composite, posted gains two out of three days this past week, gaining a combined43.86 points. The TSX Composite hit an all-time high of 16,232.24 points on the final trading day of 2017 and closed out the year at 16,209.13. The TSX Composite gained 6.03% during 2017. In the United States, the Dow Jones Industrial Average declined by 34.84 points on the week to finish 2017 at 24,719.22 points. For the year, the Dow Jones gained an amazing 25.1%.
Loonie almost flat; Climbs 7% in 2017
Price of oil cruises past $60 US as TSX retreats from record-setting pace
TSX poised to eke out gains in 2018, despite uncertainty over NAFTA and oil
BNN’s top business reads of 2017
Five things to watch for in the Canadian business world in the coming week