A hot penny stock pick holds the potential to provide huge returns for the investor. The hot penny stock pick tends to focus on shares in the 0.05 to $0.25 range. These are penny stocks that can generate multiple returns. The key to maximizing returns on a penny stock is to get in before other investors recognize the company's value. Once interest in a stock builds, the penny stock share price can quickly accelerate.

The hot penny stock pick is usually based on positive business fundamentals. These corporations tend to have a competitive product, an efficient business model and a management plan to turn the company into a major competitor. The key to success in pennystock investing is uncovering the hidden gem before others.

Northern Gold Mining Inc. (TSX-V: NGM)

United to acquire Tri-Force Security of Vancouver

S. Jorstad, Chairman, President and Chief Executive Officer of United Protection Security Group Inc. (UPSG), a Canadian based company, trading on the TSX - Venture Exchange, under the symbol (TSX-V: UZZ) is pleased to announce that the Company has signed a letter of Intent to acquire 100% of the shares of Tri-Force Security Services Ltd of Vancouver, BC. Tri-Force is a well established provider of stationary guard, mobile patrol and alarm response services to the B.C. lower mainland.

Bernanke: U.S. Economy Is Not Facing Stagflation

The nation's current economic downturn is in many ways a harder problem for policymakers than the 2001 recession, Federal Reserve Chairman Ben S. Bernanke said today. But he rejected the notion that the United States is facing stagflation, the combination of inflation and a stagnant economy that some analysts fear.

Scotia says Canadian dollar to hit $1.04 by end of 2008

The Canadian dollar is expected to remain “range bound” in 2008, amid volatile market conditions and U.S. growth fears, Camilla Sutton, currency strategist at Scotia Capital says. However, she expects the Canadian dollar to close out the year at US$1.04, an appreciation of 5% from current levels.

Small cap, big news, more opportunity

Investor flight to larger-cap, more liquid companies in these times of volatile equity markets has created significant investment opportunities in the Canadian small-cap segment for those with discipline and patience, say Martin Dufresne and Patrick Potvin, who specialize in this area at Fiera Capital Inc. 

No timetable yet for proposed gold sales - IMF

The International Monetary Fund said on Thursday no timetable has been set for the sale of a limited portion -- about 12.9 million ounces (403.3 tonnes) -- of the IMF's gold stocks of 103.4 million ounces. In a background paper, the IMF said if the gold was sold on the market, as opposed to off-market transactions, the sales would be phased over time to avoid market disruptions, as recommended by an independent panel.

Fannie and Freddie smile through crisis

The housing bust is handing Fannie Mae and Freddie Mac a fresh chance to rebuild their battered images. But the hefty losses the firms reported this week, and worries about the health of the economy, show it won't be easy. The Office of Federal Housing Enterprise Oversight, which regulates Fannie and Freddie, said Wednesday it would lift portfolio-growth restrictions that have fettered the companies for the past two years.

Denison Mines says uranium price near bottom

Uranium prices are near the bottom of their current price cycle, the chief financial officer of Denison Mines Corp said on Thursday. Commenting on a plan by Uranium Participation Corp to purchase 900,000 pounds of uranium, James Anderson, who is also chief financial officer of Uranium Participation, told Reuters: "It would be our view that we are at or near the bottom of the price cycle."

Chile's copper production dips yr-on-yr in January as mine output falls 2 pct

Copper production in Chile, the world's largest miner of the red metal, fell 1.4 pct in January from a year before, the national statistics institute said, reflecting an overall 2 pct decline in the country's total mine output. Chile produced 5.6 mln tonnes of copper last year. Gold output declined by 5.1 pct in the same period, while silver production fell by more than a third. Chile is the world's fifth largest supplier of the precious metal.

The Squeeze on PetroChina

PetroChina has been the sweetest of China plays for global investors in recent years. Warren Buffett started investing in the mainland's biggest oil producer back in 2003, and the company's shares appreciated more than sevenfold from that point until last November. Last fall, when PetroChina listed in Shanghai, it enjoyed a surreal market capitalization of just over $1 trillion, a figure roughly equal to the economic output of India and $600 billion more than the value of ExxonMobil shares.