GULFSIDE MINERALS LTD | Quick Quote:ý | | | | | Pinnacle Digest: Agreement at Mongolian Coal Project Sparks Review 3/17/2008 | | ý | | Mar 17, 2008 (M2 PRESSWIRE via COMTEX News Network) -- www.PinnacleDigest.com is a performance-driven online financial magazine with a consistent and disciplined approach to the market. With our growing network of experienced professionals we strive to bring investors the only multi-dimensional online investing magazine. Recent news from Gulfside Minerals has led to further research by our team in order to determine if we will select them as our next Featured Company. Pinnacle members will be notified if we select them as our next equity target. Although the Canadian markets are our focus at Pinnacle Digest they are directly related to the American markets, which is why we research both equally. Gulfside Minerals Ltd. (TSX-V: GMG) experienced an even day in the market Friday as they are currently not trading. On March 14th they announced that they have signed a definitive agreement at their Mongolian coal project. This has immediately caught the attention of our researchers at Pinnacle Digest and has warranted a review. As the markets continue to operate within a commodity super cycle we are focused on what Gulfside Minerals is doing to take advantage of the current market conditions. Feel free to read our introductive market overview and come visit our site to read the entire article. Our team at Pinnacle is waiting for Norwest Corp. to will finalize the NI 43-101 technical report on the coal property. We will be reviewing Gulfside Minerals development and its potential ramifications on their future; further information and the entire article will be available on our site as well as an exclusive Chat Board dedicated to their shareholders. All Gulfside Minerals shareholders are encouraged to share their thoughts on this equity with one of North America's largest online investor communities. Join our informative and complimentary online financial magazine at www.pinnacledigest.com. US stocks lost ground for the third consecutive week after Bear Stearns the world's 9th largest bank announced they were in the midst of a cash crisis. Financial shares fell 1.9% Friday after soaring the most in 8 years after the Fed announced another $200 billion influx into the financial sector. Gold traded above $1000 an ounce for the first time in history last week, sparking a rally in many mining shares. Oil traded to $110.21 a barrel on Friday after reaching a new all time record on Wednesday. As historic as these prices are, record oil and gold prices have been failing to outweigh negative sentiment in the market for months. Two weeks ago a report documenting the lowest business activity since 2001 has been lingering in the market. That combined with AIG, the country's largest insurer reporting a 5.3 billion loss for the fourth quarter is still fresh in the minds of investors. The Dow lost 194.65 points Friday and dropped below 12,000. The markets are operating in tremendously volatile and negative times. It was not too long ago that the Fed cut interest rates, the first was the largest interest rate cut in 23 years followed by a second cut of 0.50 points. The Canadian markets moved triumphantly higher Thursday as gold smashed through $1000 an ounce. The TSX Composite fell 190.66 points Friday to close at 13252.84. The interest rate in the United States has dropped to 3%. This has failed to stimulate the economy to date as the first decrease in jobs since 2003 accompanied by the largest yearly decline in home sales ever were recorded in 2007. President George Bush has proposed up to $150 billion in tax rebates and incentives to ward off a recession. This combined with his plan in late 2007 to freeze mortgage rates had little to no affect has not staved off a sputtering US economy. The Fed, the President and now Congress are clearly working together to do whatever necessary to avert a full blown recession. The TSX and TSX-Venture exchanges are our focus at Pinnacle Digest. Resource based companies operating in these exchanges are what our research focuses on. Canadian stocks reported their first weekly gain in almost a month as sentiment central banks in the United States will cut borrowing rates to stave off a recession was prominent last week. Canada's biggest fear is that a lack of credit will slow the global economy and thus reduce the demand of materials. This fear subsided for the moment on Thursday. At Pinnacle Digest we believe the global demand for many commodities will overpower any economic turmoil in the United States. The fluctuation occurring within this index is exceptional and keeping everyone on edge. At Pinnacle Digest we feature four companies trading within the mining and oil and gas industries. We invite you to visit our multi-purpose online financial magazine to participate in our community and to educate yourself further on the markets moving Gulfside Minerals forward at www.pinnacledigest.com. To continue with this report as well as other related articles, please visit www.pinnacledigest.com for a complimentary membership. It should be stated that our membership requires no commitment to our service. If you would like to contact us please write to support@pinnacledigest.com. PinnacleDigest has no vested interest in the company mentioned herein. This source of information is from an unbiased perspective. If you wish to become a member of www.pinnacledigest.com you will be gaining access to articles similar to this one and many other useful services we know you will find valuable. Keeping you educated and up-to-date with the market is one of our main purposes. 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