ASIA NOW RESOURCES CORP.

October 15 2007

Current Price: 0.52

Asia Now Resources Corp. (TSX-V:NOW) experienced a 5.45% drop in share value Friday combined with 419,250 shares traded. On October 12th they announced assay results for six drill holes testing a large porphyry copper-gold-molybdenum mineralization system at its Habo property. Their development has caught our attention at PinnacleDigest and we have since begun evaluating their progress.

The factors influencing the market which Asia Now Resources operates within are fundamental to our review. We are focused on their immediate future objectives and will be reviewing them as we move towards the winter season.

At PinnacleDigest we are currently focused on the small to mid cap markets. We are focused on companies specifically focused in the mining and energy based sectors operating within North America. Our main goal has and will always be to enhance our members approach to the market, while adding additional research.

U.S. stocks have risen five straight weeks, the longest stretch since May. The Dow hit an intraday record before falling 63.57 points on the day. The Dow Average closed up to 14.093.08 while the S&P completed a seven week winning streak, closing at 1561.80. Both of these benchmarks closed at records on October 9th. All in all the markets have emerged from the beating they were dealt this summer at the behest of the mortgage meltdown and a continually sliding housing market. US markets capped the largest September advance in 8 years after the Federal Reserve cut interest rates.

Fed officials have concluded that it is best to lower their benchmark rate by half a point to 4.75%. This is significant, greatly exceeding economists forecast and will have a dramatic effect on the market. Worries surrounding consumer spending were quelled on Friday as a retail sales report showed major retail chains increased in the third quarter. It should not be forgotten that consumer spending amounts to roughly two-thirds of America’s GDP. 

We have our eye on the oil and gas sector at PinnacleDigest as the price of oil continues to trade at historically high levels. Canadian stocks have put together a very nice rally of late. We reviewed the details of this rise in this week’s newsletter found under our “Weekly Volume” section. The TSX Composite jumped 66.42 points to close the week. The index closed at 14295.86. 

At PinnacleDigest we have recently announced two new featured companies’s trading in the mining and oil and gas industries.

In respect to Asia Now Resources we are interested in their most recent development, but even more specifically the trend of the sector influencing their ultimate success. All six drill holes started from mineralized and altered outcrops and stopped in mineralization or alteration. We are closely reviewing the details and grades achieved throughout this drill program. As the Habo property continues to be developed as will our review of Asia Now Resources.

Although this is simply an introductory article designed to keep you informed, the progress this company has made to date warrants our attention. We believe the market intends to overreact to both negatively and positive news and results. The timing of these overreactions is a principle to investing at our digest. The process we have developed entails that we now track their development closely for a given time period reporting substantial and worthy information. If you have an interest in this company and would like to learn more about their development, please let us know. As a member of our site, your opinion and feedback affect our continued coverage and follow up procedure.

Montello Resources (MEO:TSX-V) is our most recently announced featured company and is up over 50% since our coverage began on September 14th. Their Pincher Creek Property has announced the production of 225 barrels of oil per day. In respect to the Brown Sand formation achieved an average production after swabbing operations of 140 barrels of fluid a day. Bear in mind the water cut of this fluid was up to 60%. The remaining 40% should amount to roughly 56 boed. This announcement is monumental and is the beginning of Montello Resources’ stream of revenue. Their High Impact Drilling program is ongoing at the John Bowen #2 Well in the underdeveloped Appalachians of Tennessee. There have been major developments at both of their projects which can be read about in our “News Room” section.

Hi Ho Silver Resources (HIHO:CNQ) is our current featured mining company. They are aggressively drilling at their 22.8 million ton Moly Kettle River Project.They have announced results at their Kettle River project in British Columbia and are hoping to more than double the resource at this property by Christmas. This company is in the process of applying to the TSX exchange which will bring global exposure to their projects and company. We encourage all of our current and new members to review the research report on both of these companies on our homepage.
 

Crude oil’s September rise was unprecedented as the value of oil rose for six straight weeks to finish the month. Crude oil closed up to $83.69 a barrel Friday. We are very strong on this sector and are impressed by the demand to stabilize oil over $80 a barrel. The value and demand of crude oil is an all consuming product which affects every aspect of the market. We know it is a monumental time period in the history of oil and are constantly updating our review on various oil and gas companies.

Tension has been rising in the Middle East for months and this is creating speculation the value of oil could explode. Many oil and gas companies fluctuate with the value of oil. Companies operating within this sector will be a focus at our digest heading into the fall. Our featured oil and gas company is Montello Resources (MEO-TSX-V). A full research report documenting their properties and potential can be viewed on our homepage. 

At PinnacleDigest we are currently very focused on the mining and resource based sectors. The TSX Venture Exchange added 42.93 points Friday to close at 2961.90. There are many junior companies operating within the North American markets that we are tracking closely.

A weak dollar and high energy prices are fueling inflation which investors are hedging against. As speculation the US dollar will decline many are recommending the purchase of gold. It rose to $753.80 an ounce last week. Gold reached it’s the highest price since January of 1980, closing at $755.70 on October 1st. On this day the dollar touched an all time low against the euro.

The gold market is white hot and companies are rushing to bring on new mines combined with developing new potential deposits. Many experts are predicting the dollar to continue to slide against the euro. Everyone knows this will boost demand for the precious metal as investors leave the falling dollar. We will be watching the selling and buying levels of gold and the US dollar very closely over the coming few weeks. Silver futures gained slightly on Friday to close at $13.836 an ounce for December delivery. 

Copper fell on Friday as speculation from China may be raising their interest rates to cool the economy. China is the world’s largest consumer of metal and this may have a dramatic effect on the market. There has been a significant slow down in residential construction in recent months which is having an effect on the market. Copper’s rise of late has been greatly attributed to the Fed cutting the borrowing rate which should encourage growth and continued construction in the United States. Copper has been leaning on China and the knowledge that the world’s largest consumer will continue to hold prices and demand strong. Copper futures moved down Friday to close at $3.6525 a pound on the Comex division of the NYME.

It should not be forgotten that this metal is tied directly to the growth of the US economy. US home sales rose in July, altering concerns that an economic slowdown will curb demand. We are however, very bullish on companies mining copper as worldwide demand is currently outpacing supply of the metal. Global and domestic economic expansion moves the copper market.

Global demand continues to pressure the current supply. In the second quarter China’s economy reportedly expanded at the fastest pace in 12 years. We believe the fundamentals are in place for the value of copper to increase. One of our more recent weekly volumes describes the variables affecting copper in detail.

We believe very strongly in the current commodity boom. We are not only focused on the major base metals, but smaller more obscure metals as well. We are closely monitoring companies with major molybdenum deposits as this metal is trading at historically high levels. Mosquito Consolidated Gold Mines (MSQ:TSX-V) lays claim to world class Molybdenum deposits in Idaho. We encourage you to review the research report on our homepage discussing their projects. 

The TSX and Venture exchanges are heavily weighted in the mining and resource based industries. For that reason we monitor this index very closely. The mining industry will be a major focus at PinnacleDigest over the coming months as their main season takes command. There are many mining and resources based companies we are continually following and updating our review upon.

It is a crucial time to be well informed and knowledgeable about the sector and industry most influencing the companies in your portfolio. Please feel free to review our “Weekly Volume” for a deeper insight into specific aspects of the market.

PinnacleDigest now has a comment board on every main section and article of importance on our site. This feature was built to ensure our members would have their say in our development as well as our past work. Post your insights, questions or thoughts on any section or article that is of interest to you. Our member’s opinions and interaction fuel this investor community which is driven to achieve gains in the market while continually improving our approach.