Canadian stocks rated by Iain Fraser

Gold !

Going through $625 last week was a major upside technical breakout !

The chart expectation is for a move to $725 !

Our current Report shows the chart and our two undervalued gold stock picks.

To get the Report, free and no obligation, just send us an email:

fraserratings@yahoo.ca

Bank of Montreal

My family have a connection with BMO; my second uncle (like a second cousin) was a Vice President (advertising) of BMO a long time ago.

Today, the facts are that the dividend has just been raised to $2.60, and the yield at the low today was 3.81%; hard to ignore.

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The Big Banks--more excellent news coming this week !

More banks reporting this week with likely very good earnings reports and some of them will be declaring another increase in their dividends; can't get much better than to have a whole series of dividend raises.

Also, the policy of most, or maybe all, of the big banks is to now pay out 45% to 55% of their earnings; much higher than a few years ago.

Finally, one of the big banks has a supurb chart pattern; has just broken out; and the chart expectation is for another strong upside move.

Energy Trusts ---so far just misery

There sre three parties in the energy trust fiasco; the first one is the Federal Government and so far the only winner.

The second party are the trusts themselves who have had time taken away from them.

The third party are the energy trust investors who have done nothing wrong but have been severely punished and ignored by Mr. Flaherty. These investors are likely to ignore Flaherty, and the Conservative Party, in the coming election. ( this observer is a longtime Conservative)

Energy trusts

We are likely to know the fate of energy trusts one week from today. On Nov.28/06 Flaherty will meet with the Association of Income/Energy Trusts. The head of the Association is Marcel Coutu, the CEO of Canadian Oil Sands Trust; it is up to Mr. Coutu to pursuade the Finance Minister that he is on the wrong course. All we can do is email the Prime Minister and keep our fingers crossed.

Men--Women: entirely different personalities !

For women there are no averages; each situation is different.

When men talk averages women don't even pay attention.

Energy Trusts--the debacle !

This is not the democratic way; nor is it the Christian way.

The federal government has unnecessarily destroyed a large part of the life savings of hundreds of thousands of Canadians. Surely we should complain about this arbitrary action in changing the intrinsic value of nearly all income trusts, and especially energy trusts.

Do as we have done and send an email to the Prime Minister: pm@ pm.gc.ca            

Energy Trusts--maybe good news !

There are two sources of possible good news; the first one is Don Vialoux's (timing the market.ca) long term chart for crude. This chart, which everyone should study, shows that every year for the past five years the price of crude has gone up between November and March. In this five month period the average gain has been about 17%.

The second possibilty is the extension of the grace period for income and energy trusts. The first reports were that Austrailia had given a three year grace period. The current reports are that the actual time was ten years. It is hard for this observer to accept that the Canadian government would legislate the destruction of about twenty five billion in hard earned savings

Iran------another mess

The U.S. broke off diplomatic relationships with Iran more than 20 years ago. But all of us keep on sending enormous amounts of money to Iran every week; about a billion dollars a week. Too bad we can't stop sending them the money.

The other side is,  supposing Iran wouldn't send oil to the U.S. Iran, if they wanted to, could send the price of crude up to well over $100 per barrel. And it is in the best interest of Iran to do just that !