Good Afternoon Everyone,

I wanted to send this email out to introduce myself to all of the members of GlobalEquityReport.com. As of today I have taken over as owner of the site and all of its daily operations. I understand that the past year has been up and down with some of the companies profiled on the site. I just took a look at the past companies that were profiled and the former owners definitely profiled some huge winning picks and also profiled a lot of companies that went on to decline in value.

Nobody is ever 100% right all of the time. The obvious goal is to have more winners than losers and keep your trading account in the black.

The question is how am I going to do that?????

I have hired a team of 3 people to work with me in attempt to find the hottest plays in the market right now. I have over 15 years experience in the markets and have had substantial success day trading. I have put together a formula while evaluating companies in which I break down the management team, sector of operation, potential / products & services and recent news. While most small cap companies are news driven I will be constantly scanning companies that I feel are undervalued and have hinted at upcoming news announcements. I will only profile companies that I feel are going to be worth putting on your screen and watching.

Keep in mind that penny stocks are extremely speculative and carry a high degree of risk. Never invest more that you can afford to lose. I have seen companies get wiped out over night with no indication.

With that being said, put RPC on your screen right away. I know that the previous owners mentioned this one. RPC is a well known company. Thestreet.com rated RPC the #4 small cap company of the year. I am constantly watching this one. The chart looks great and it looks like it has the potential to move. RPC is currently sitting at 1.01 and is extremely liquid for a small cap. It is definitely worth watching. If you look at the 6 month chart you will see what I am talking about. This is an exciting company. I obviously want to impress on my first profile.

MORE ABOUT Radient Pharmaceutical (AMEX: RPC)

Radient Pharmaceuticals Corporation, a pharmaceutical company, engages in the research, development, manufacture, and marketing of diagnostic and skin care products. It offers ONKO-SURE, a proprietary in-vitro diagnostic cancer test, which is used for the detection and/or monitoring of lung, breast, stomach, liver, colon, rectal, ovarian, esophageal, cervical, trophoblastic, thyroid, malignant lymphoma, and pancreatic cancers. The company also has interests in the Combined Immunogene Therapy, a cancer vaccine therapy technology, which is used to build the body’s immune system and destroy cancer cells. In addition, it provides Elleuxe brand of anti-aging skin care products, including hydrating firming cream, renergie hydrating cleanser, intense hydrating cleanser, visable renewing hydrating softener, and smoothing renewing eye moisturizer. The company sells its products through distributors to hospitals, clinical laboratories, clinics, and other health care organizations primarily in the United States, Canada, Chile, Europe, India, Korea, Taiwan, and Vietnam. It has a collaborative agreement with the Mayo Clinic. The company was formerly known as AMDL, Inc. and changed its name to Radient Pharmaceuticals Corporation in September 2009 to reflect its new corporate direction and branding statements. Radient Pharmaceuticals Corporation was founded in 1988 and is headquartered in Tustin, California.

All The Best,

Mike the Trader

This report/release/advertisement is a commercial advertisement and is for general information purposes only. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our site, or joining our email list. PLEASE NOTE WELL: GlobalEquityReport.com and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever. Full disclaimer can be read at http://www.GlobalEquityReport.com/disclaimer.htm Release of Liability: Through use of this website viewing or using you agree to hold GlobalEquityReport.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. 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All information on featured companies is provided by the companies profiled, or is available from public sources and GlobalEquityReport.com makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead GlobalEquityReport.com strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. GlobalEquityReport.com is compliant with the Can Spam Act of 2003. GlobalEquityReport.com does not offer such advice or analysis, and GlobalEquityReport.com further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries and extremely high degree of risk. It is possible that an investor’s investment may be lost or impaired due to the speculative nature of the companies profiled. The Private Securities Litigation Reform Act of 1995 provides investors a ‘safe harbor’ in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be “forward looking statements”. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as “projects”, “foresee”, “expects”, “will”, “anticipates”, “estimates”, “believes”, “understands”, or that by statements indicating certain actions “may”, “could”, or “might” occur. Understand there is no guarantee past performance will be indicative of future results. In preparing this publication, GlobalEquityReport.com has relied upon information supplied by its customers, and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. The advertisements in this website are believed to be reliable, however, GlobalEquityReport.com and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. GlobalEquityReport.com is not responsible for any claims made by the companies advertised herein, nor is GlobalEquityReport.com responsible for any other promotional firm, its program or its structure.

Global Equity Is Under New Management is news brought to you by Global Equity Report. We help our members get accurate information for penny stocks and penny stocks to watch.

Penny stocks can often spike (or drop) based on the slightest provocation, even if that driving factor is of little significance. Pretend that a change in CEO seems like a great turn of events for an anxious trader, who disliked the old CEO. The investor dives into the market for $10,000 worth of shares, which could result in a 50% leap in share prices because of the buying pressure. However, the new CEO may not be enough to justify a 50% increase in the overall value and market cap of the corporation. Part of the process is to understand which driving factors are accurately priced into the shares. If you do not share our exuberant investor’s faith in the new CEO, you may want to take this opportunity to exit your position and take profits as the stock spikes 50% higher.

Penny Stock Trading Spikes and Profits is news brought to you by Global Equity Report. We help our members get accurate information for penny stocks and penny stocks to watch.

For the purposes of understanding Penny Stocks, I will treat any share that trades under $2.00 as a penny stock. Strangely, there is no official
definition for penny stocks. There are three different criteria that various individuals and organizations use to define penny stocks. What is considered a penny stock really depends with whom you are dealing.
Penny stocks can be defined by:

1. Price Per Share: Sometimes any shares that trade under a certain price are considered to be penny stocks. For example, the SEC considers all stocks that trade for less than $5.00 per share to be penny stock. Different individuals and organizations have their own cut-off.

2. Market the Stock Trades on: In some schools of thought, any shares that trade on a certain market (i.e. the OTC-BB, or the OTC, or the ‘Pink Sheets,’ or the CDNX) are treated as, or considered to be, penny stocks.

3. Market Capitalization: Market cap is simply the total trading value of the entire company. The value of each share of a stock, multiplied by the total number of shares outstanding, equals the market cap.

For example, 12,343,000 shares of ABC at $0.29 each gives ABC Corp. a market cap of $3,579,470 (12,343,000 shares times $0.29 per share = $3,579,470). That is kind of like saying that the company’s total
value is 3.5 million dollars. In some cases, organizations or individuals will treat any company beneath a certain market cap (for example, less than $10 million) as a penny stock. Interestingly, using option 1 or 3, a company can have its shares change in price moment by moment, and may drop in or out of the definition of ‘penny stock‘ over time. What may be a “penny stock” when the market open in the morning, may not be a penny stock by noon.

In some cases the definition of penny stock is generated by a combination of the above criteria. For example, any stock trading on the OTC-BB with a market cap of less than $20 million is considered a penny stock.

What Are Penny Stocks? is news brought to you by Global Equity Report. We help our members get accurate information for penny stocks and penny stocks to watch.

As you review the following differences between penny stocks and “blue-chip” equities, you may be able to see why professional analysts and institutional investors usually shy away from these speculative shares.

The kind of money that the big players use could crack the backs of many of these penny stock companies. There would not be enough volume on the other side of their trades to enable the transaction, because some penny stocks often trade only a few thousand dollars worth per day.

The negative connotation towards penny stocks among financial industry insiders needs to be kept in context. Sure, these investments are often low-volume, inexpensive shares of unproven companies. However, that is the beauty of penny stocks, and is partly why you can acquire such potentially rewarding stocks at such bargain prices.

As well, the lack of institutional interest is one of the keys to our methodology of picking winning penny stocks. Getting involved early, then holding on as the company gets discovered and explodes in price, is partly dependent upon the previously unknown company suddenly gaining interest from bigger players.

Speculation
Speculation is based on penny stock companies having lower available information about their operations, minimal revenues, unproven management, and often an unproven product or industry.

A big-name company like General Electric or Ford Motors will have very little speculative value. In other words, you will probably not make hundreds of percentage points on your shares, but instead would be happy with returns of 10% to 20% per year.

In some cases, traders even use large-cap stocks to hedge or protect their portfolios, out-perform the market, preserve their capital, or diversify their exposure.

On the other hand, trading penny stocks with hopes of selling when you have realized a 20% gain might be folly. Penny stocks make their gains by the hundreds of percentages, and thousands, not by the tens.

There are many bad investments in the penny stock field, so the best way to succeed is by isolating those with superior speculative value. The chance of buying into shares of the company that could multiply 10 or 20 or 50 times in price is the whole idea of speculation.
Value and Predictability Large-cap companies usually have more predictable revenues and earnings. Many analysts and investors
follow the companies, so that day to day events are quickly factored into the share price, and the stock often reflects a pretty accurate ‘worth.’

Penny Stock vs Blue Chip Stock is news brought to you by Global Equity Report. We help our members get accurate information for penny stocks and penny stocks to watch.

Gold continued its record-breaking climb in global markets Wednesday, after settling at an all-time high during volatile trading the day before.

What prices are doing: Gold for June delivery was up as much as $25.10, or about 2% before U.S. markets opened, putting the precious metal at a new intra-day high of $1,245.40 an ounce. It eased to $1,240.80, up $20.50.

It reached its previous intra-day high, $1,226.10, on Dec. 3, 2009.

What’s moving the market: Uneasiness about a volatile stock market is a boom for the precious metal, which is considered a safe-haven investment in times of economic uncertainty. On the day of the stock market’s so-called “flash crash” last week, gold rallied 2%, settling at $1,197.30.

Choppy trading since then has further boosted the metal’s upward momentum, as gold went on to settle at a new all-time high of $1,220.30 on Tuesday.

Concerns about the European debt crisis, which have kept markets seesawing since the Dow’s near 1,000-point drop last Thursday, have amplified uncertainties about a global economic recovery. In turn, that has boosted the appeal of tangible commodities over paper currencies or equities, which are seen as higher risk, analysts said.

Investors are also wary that Europe’s nearly $1 trillion rescue package announced over the weekend will speed up inflation and weaken the euro, analysts saidy.

What analysts are saying: Jeffrey Nichols, managing director of American Precious Metals Advisors and senior economic adviser to Rosland Capital, has for the last year predicted that gold would reach a new high by the middle of 2010. He expects gold to continue its upward trend and reach a $1,500 high by the end of the year.

Gold Prices Continue Record Breaking Rally is news brought to you by Global Equity Report. We help our members get accurate information for penny stocks and penny stocks to watch.

Good morning. Here’s what you need to know:

•World markets are somewhat higher in overnight trading as confidence begins to seep back into the system due to the ECB led European bailout. Gold continues to rise, notably, and is now above $1,240.

•The head of the IMF has called for the eurozone to do more than just bailout its fringe and instead bring budgets together and expand integration within the area. Transfers between states are just one solution to the problem, according to Strauss-Kahn.

•Morgan Stanley is under criminal investigation for CDO deals it arranged prior to the financial crisis. The investigation is into a similar type of instrument and deal as the Goldman Sachs ABACUS transaction.

•Property prices in China are finally starting to be impacted by the government’s tightening measures. Sale prices of Beijing properties fell 31% from the first week of April to the first week of May. See why China’s real estate bubble is the most obvious ever.

•Corporate access to debt financing has hit a troubled patch as investors look to move into emerging market debt and suddenly more solid sovereigns. Debt issuance has dropped 62% since last month. See why small businesses don’t have much confidence in this recovery

•Amazing. Basically every single major bank (Citigroup, Goldman, JPMorgan, and Bank of America) had a perfect trading quarter in Q1.

•The UK’s new government is starting to take shape and there is a proper coalition, with Prime Minister David Cameron sharing seats in his cabinet with both Conservatives and Liberal Democrats. UK debt CDS has fallen, a clear sign that sentiment around the new government is confident in markets.

•Deutsche Telekom, with American subsidiary T-Mobile, has reported positive Q1 results with the company bringing a net profit of €787 million, bettering a loss in the same period a year ago. Sales, however, declined during the period.

•A Libyan airplane has crashed flying from South Africa to Tripoli, with at least 96 found dead, leaving only one Dutch child as a survivor. The plane was trying to land at the time of the accident.

•Thai stability remains on the brink with protesters in the city of Bangkok set to have their water supply cut off if they don’t depart the city by midnight. The government has threatened the use of force to remove the protesters. Don’t miss our complete guide to the protests here.

10 Things To Know Before The Opening Bell is news brought to you by Global Equity Report. We help our members get accurate information for penny stocks and penny stocks to watch.

Cytta Corp (OTC:CYCA) slid 3.45% to $0.0028 on high than the average volume. Watch out for this stock.

E TRADE Financial Corporation (NASDAQ:ETFCD) lost 4% to $1.50. Over the past 5 trading sessions, the stock is down over 11%.

Banco Santander, S.A. (ADR) (NYSE:STD) was down 1% to $9.83 with over 5X its average volume.

Stocks to Watch – Monday May 10th. is news brought to you by Global Equity Report. We help our members get accurate information for penny stocks and penny stocks to watch.

SYMPOWERCO CORP (PINK:SYMW) climbed 100% to $0.0002 with over 6.55 million shares on no official announcement.

Invicta Group, Inc. (OTC:IVIT) soared 33.33% to $0.0008 with volume of over 516 million shares.

XOMA Limited (NASDAQ:XOMA) plunged 11.25% to $0.534 with over 3.35 million shares.

Maguire Properties, Inc. (NYSE:MPG) lost 7.80% to $2.96 with over 1.70 million shares. Over the past one week, the stock is down over 18.50%.

DragonWave, Inc.(USA) (NASDAQ:DRWI) plunged 17% to $6.62 and made a new 52-week low of $16.34 after it forecast a lower than the expected first-quarter revenue guidance of $50 million.

Today’s Small Cap Movers is news brought to you by Global Equity Report. We help our members get accurate information for penny stocks and penny stocks to watch.

Wynn Resorts, Limited (NASDAQ:WYNN) jumped 1.30% after falling about 6% on Thursday. Yesterday the stocks was once down over 17%.

Ambac Financial Group, Inc. (NYSE:ABK) surged over 3% to $1.42 after correcting 6.76% in the previous trading session.

JDS Uniphase Corporation (NASDAQ:JDSU) also gaining 1.55% to $11.09 after plunging over 20% yesterday following its third fiscal quarter results.

Stocks That Have Rebounded After Yesterday’s Collapse is news brought to you by Global Equity Report. We help our members get accurate information for penny stocks and penny stocks to watch.

Li-ion Motors featured the revolutionary Wave at the Detroit Auto Show, displaying groundbreaking developments the company has made on their emissions free vehicles. Li-ion Motors feels their breakthrough will help change the way the world looks at the automobile and vehicle construction today. From overall electrical engineering to space-age materials, futuristic aerodynamics and a new standard for safety, the company is prominently positioned and ready for the competition. The X-PRIZE competition is intended to inspire a new generation of viable, super fuel-efficient vehicles that offer more consumer choices.

Li-ion Motors’ entry into the X-Prize is an Electric vehicle (EV), powered by Lithium-ion batteries. LMCO’s entry is not a hybrid car; it is a true electric car. Li-ion Motors is an electric vehicle manufacture, producing lithium-powered vehicles including electric mopeds, sports vehicles, and electric motorcycles in addition to the electric cars.

FORWARD LOOKING STATEMENT:

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company’s current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ.

Li-ion Motors Corp. (OTCBB: LMCO) Plays Its Part in the Future of Advanced Transportation is news brought to you by Global Equity Report. We help our members get accurate information for penny stocks and penny stocks to watch.

Our releases have been on fire lately!!! Our members have been realizing HUGE profits as of late. Make sure you are signed up for our list. This next one is going to blow the doors off!!!

Sign up and make sure that you add info@globalequityreport.com to your contacts today.

Stock Alerts is news brought to you by Global Equity Report. We help our members get accurate information for penny stocks and penny stocks to watch.

Randall Chase, AP Business Writer, On Wednesday April 21, 2010, 2:31 pm EDT

WILMINGTON, Del. (AP) — A bankruptcy judge on Wednesday cleared the way for Washington Mutual Inc. shareholders to take legal action to force the company to hold a long overdue annual meeting.

Ruling on a motion filed in Delaware by Washington Mutual’s official committee of equity security holders, Judge Mary Walrath said the automatic halt to litigation that applies to companies in bankruptcy cannot bar shareholders from exercising their corporate governance rights.

Rejecting the company’s arguments, Walrath said it is “well-settled law” that shareholders can hold meetings to elect new directors despite a company being in bankruptcy.

The shareholders want a judge in Washington state to order WMI to hold an annual meeting so that they can elect new board members. The company hasn’t held a shareholders meeting since April 2008, five months before it filed for bankruptcy protection after the largest bank failure in U.S. history.

The shareholders argue that the failure to hold a meeting violates both Washington law and the company’s bylaws. They complain that the same officials responsible for WaMu’s failure are still controlling the company and making decisions regarding its bankruptcy case.

“They simply want to exercise their corporate governance rights,” said Stephen Susman, an attorney for the equity holders committee.

The equity committee alleges that the current WMI board is resisting the election of new directors who would protect shareholder interests in the company’s reorganization plan and the related settlement of a $4 billion dispute with JPMorgan Chase & Co. and the Federal Deposit Insurance Corp.

Washington Mutual attorney Brian Rosen argued that the shareholders, who stand to get nothing under WMI’s Chapter 11 reorganization, were abusing the bankruptcy process and were trying to sabotage the reorganization plan filed last month, roughly a year and a half after WMI sought bankruptcy protection.

“It is clear that the equity committee has its own scuttling agenda,” Rosen said. “They want to dismantle the 19 months of work … and to rebuild the wheel.”

Walrath said the fact that shareholders are fighting for a better deal or more bargaining power doesn’t amount to abuse of the bankruptcy process.

“I think it’s clear from the case law that you need more than just the fact that the shareholders disagree with what the debtors have done,” the judge said, noting that the shareholders had taken action to force an annual meeting before WMI filed its reorganization plan.

“I just don’t find any basis for abuse here,” she concluded.

Susman said the shareholders would go to court in Washington on Thursday asking a judge there to order the convening of an annual meeting.

“It’s our hope that we can get this done as soon as possible,” said equity committee chairman Michael Willingham, who testified that he bought more than a million shares of WMI last year after its bankruptcy filing.

Susman said the proposed settlement with JPMorgan and the FDIC remains of great concern to equity holders, who plan to seek the appointment of an independent examiner in the bankruptcy case.

The FDIC seized Washington Mutual’s flagship bank in 2008 and sold its assets to JPMorgan for $1.9 billion. The sale resulted in the two banking companies and the government agency trading lawsuits over roughly $4 billion in disputed deposit accounts.

In a proposed settlement of the competing lawsuits, JPMorgan has agreed to turn over the $4 billion in disputed deposit accounts to Washington Mutual in return for 70 percent of the tax refunds expected from WaMu’s prior operating losses, which are valued at about $3 billion.

WaMu would get about 40 percent of the tax refunds resulting from a second round of operating losses, which are valued at about $2.6 billion. The remaining 60 percent would go to the FDIC.

“The legal claims of the debtors that would be released by the settlement are among the most valuable assets of the debtors,” Susman said. “This is not the time to shoo away the owners of the company.”

Rosen, the WMI attorney, said the equity holders don’t like the settlement because they believe “there is more money to be milked from JPMorgan Chase.”

WaMu shareholders can pursue annual meeting is news brought to you by Global Equity Report. We help our members get accurate information for penny stocks and penny stocks to watch.

Press Release Source: GoIP Global, Inc. On Thursday April 22, 2010, 9:21 am EDT

NEW YORK, NY, April 22 /PRNewswire-FirstCall/ – GoIP Global, Inc. (Pinksheets:GOIG.pk – News) today announced that its subsidiary GO800, LLC is continuing to expand its marketing efforts after its Soft Market launch of GO800 on April 15.

– Propheta Communications – New York has been retained to handle Public Relations for Go800. Propheta www.prophetacomm.com will handle getting the GO800 service message out to Bloggers, Newspapers and Magazines. Kevin Mercuri, CEO of Propheta can be contacted by Texting PRPRO to 46800. – Zephyr Communications – New York has completed our first GO800 catalog which has gone to press. Each GO800 Ambassador will be receiving a supply of catalogs for distribution. Catalog describes the service and has pricing included. To request a copy email your request to: sandra@GO800corp.com. – Ellis and Potter Advertising – Huntington, NY is working on a Go800 video for You Tube – with an expected launch date of May 10. – This week 50 + Active Ambassadors began loading reserved Voice Keywords to expand their marketing efforts. An additional 50 Ambassadors are expected to be on board by the end of May, giving GO800 100 active marketing Ambassadors delivering the GO800 message to companies nationwide. – A new program for Public Companies, enabling them to use their stock symbol as a Voice Keyword would be launched next week. – GO800′s first month reoccurring billing (June 2010) is projected at $100,000, representing approximately 300 Voice Keywords. These revenues will increase monthly as new clients are added. (Please note the Company does not release which Keywords of the 2000+ database has been contracted for, as many words are in discussions, testing, reserved or evaluation status). On the Corporate side – please note: – Mr Ike Sutton, the Company’s CEO will appear in a video interview on Money TV website on Friday April 23 and will be televised on cable TV in the USA and abroad beginning Saturday April 24. Money TV reaches over 7 million people.

About GoIP Global, Inc.

GoIP Global offers a range of services, solutions and tools for brands, agencies, content providers, online portals, entertainment and media companies. GoIP has both creative experience and the technical knowledge to connect mobile marketers with their audiences by means of interactive campaigns and mobile content distribution. GoIP Global offers brand and content customers great flexibility in creating mobile marketing campaigns and applications. For additional information, visit, http://www.goipglobal.com/.

About GO800, LLC

GO800, a new patent pending text messaging service that enables advertisers to incorporate a text prompt in their advertisements, prompting consumers to contact them through a text message rather than calling a 1-800 toll free number. For additional information, visit, http://www.go800corp.com/. GO800 also can be found on face book at www.facebook.com/go800 and twitter at www.twitter.com/go800.

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of GoIP Global, Inc. that constitute forward-looking statements for purposes of the safe harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases “can be,” “expects,” “may affect,” “believed,” “estimate,” “project,” and similar words and phrases are intended to identify such forward-looking statements. GoIP Global, Inc. cautions you that any forward-looking information provided by or on behalf of GoIP Global, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. GoIP Global, Inc.’s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond GoIP Global, Inc.’s control. In addition to those discussed in GoIP Global, Inc.’s press releases, public filings, and statements by GoIP Global, Inc.’s management, including, but not limited to, GoIP Global, Inc.’s estimate of the sufficiency of its existing capital resources, GoIP Global, Inc.’s ability to raise additional capital to fund future operations, GoIP Global, Inc.’s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match GoIP Global, Inc.’s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. GoIP Global, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

For any matters relating to retail investor queries or to send the company or its IR a message please click on the “INVESTOR SUPPORT” TAB, or the direct link http://www.minamargroup.net/helpdesk.

Don’t be a victim. Report a stock basher. The company is mindful that short sellers, the company competitors and stock bashers stalk small cap Pink Sheets listed companies with hidden agendas. Visit http://www.stockbasher.com/ and find out what criminal and civil actions the US authorities are taking against web sites like investorshub.com and other posters, and the remedies available to you as an individual investor.

Filings for this event are currently being reviewed and will be filed with Pink Sheets and Client Support section in due course. To be included in company’s email database for press releases, industry updates, and non-weekly activity in the company that may or may not be news released, please subscribe or opt in mailer at http://www.minamargroup.com/updates.

CONTACT: Mina Mar Group, Investor Relations Department, (647) 426-1640 or TEXT GOIG to 46800, www.minamargroup.com/helpdesk

GOIG GoIP Global News Release is news brought to you by Global Equity Report. We help our members get accurate information for penny stocks and penny stocks to watch.

Press Release Source: Big Bear Mining Corp. On Tuesday April 20, 2010, 6:00 am EDT

TEMPE, Ariz., April 20 /PRNewswire-FirstCall/ — Big Bear Mining is pleased to announce that Mr. John Glasscock has joined the board of directors. Mr. Glasscock is a geologist with over 25 years of experience in the mineral exploration industry including involvement with the startup of four junior mining companies. He is the founder of Cowboy Exploration which for over 15 years has had extensive experience generating and managing projects throughout the Western US, Mexico, and China.

President of Big Bear Mining, Steve Rix states, “Having John on the team is an honor and we take his commitment to Big Bear seriously. We will begin working with John to formulate a plan for our exploration in the Western United States. We are confident that his addition will increase the probability of us fulfilling our mission to find near term producing properties.”

John’s most recent accomplishments include responsibility for the acquisition and exploration of a large uranium property portfolio for Tournigain Energy Ltd. (TSX-V:TVC.v – News) and the generation of several gold properties for Crescent Resources Corp. (TSX VENTURE:CRC.v – News) in the Rattlesnake Hills, WY. John will not only be active in the identifying and acquisition of new properties and their corresponding work programs. He will also assist Big Bear in its unique JV program presently in development.

About Big Bear Mining Corp.:

bigbearmining.com

Big Bear Mining Corp. is a US based exploration and development company, focusing on the acquisition and development of Gold and other precious commodity projects which demonstrate high probability for near term production. Big Bear is a fully reporting company quoted on the OTCBB under the symbol BGBR

“Safe Harbor” Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company’s expectations with regard to the future impact on the company’s results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995.

Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Big Bear (the “Company”), as well as those contained herein, that are not historical facts are “forward-looking statements” within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward looking statements.

Big Bear Mining Corp. Announces Addition of New Board Member, Renowned Geologist John Glasscock, of Cowboy Exploration is news brought to you by Global Equity Report. We help our members get accurate information for penny stocks and penny stocks to watch.

Mr. Steve Rix, President of Big Bear Mining Corp. stated, “At Big Bear we recognize that a diversified approach to our exploration is critical to ensuring our mission of identifying near term producing properties. We will continue to cooperate with well seasoned and proven veterans of the industry to demonstrate to our shareholders our commitment to success.”

About Big Bear Mining Corp.:

bigbearmining.com

Big Bear Mining Corp. is a US based exploration and development company, focusing on the acquisition and development of gold and other precious commodity projects which demonstrate high probability for near term production. Big Bear is a fully reporting company quoted on the OTCBB under the symbol BGBR.

“Safe Harbor” Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company’s expectations with regard to the future impact on the company’s results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995.

Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Big Bear (the “Company”), as well as those contained herein, that are not historical facts are “forward-looking statements” within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward looking statements.

SOURCE Big Bear Mining Corp.

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AEterna Zentaris Inc. (AEZS) a late-stage drug development company specialized in oncology and endocrine therapy, today announced that it has requested Scientific Advice from the European Medicines Agency (EMA) to assure the acceptability of the recently initiated Phase 3 programs for the development of its lead anticancer compound, perifosine, in its two lead indications, multiple myeloma and refractory advanced colorectal cancer.

Anadys Pharmaceuticals Inc. (ANDS) said Thursday that a potential hepatitis C drug met key goals in a midstage clinical trial. The company said 72 percent of patients taking ANA-598 had undetectable viral levels by the eighth week, compared with 38 percent taking placebo. The company is presenting the data at the 45th annual European Association for the Study of the Liver meeting Thursday. The study analysis is preliminary, the company said. The results also confirm positive safety results from prior studies. Shares of Anadys jumped 52 cents, or 20 percent, to $3.13 in early trading.

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Catalyst Pharmaceutical Partners (CPRX) continued to rally, rising by 28 cents, or 14.8%, to $2.17 in the premarket session after climbing 136% on Monday. While there wasn’t any company-specific headlines, traders posting on Internet message boards noted insider buying in February and March as well as the potential for the company’s CPP-109 drug for treatment of drug addictions.

Huntington Bancshares Incorporated (HBAN) was among the regional banks downgraded by analysts at UBS. Shares are down 7% on 21 million in volume in early trading.

Fresh Harvest Products (FRHV) a developer and marketer of natural and organic products, is pleased to announce that sales of its Wings of Nature bars in Walgreens have been brisk and that re-orders have been submitted several times to restock the shelves. The Wings of Nature bars are sold in approximately 205 Walgreens retail locations in the greater Orlando, FL area. Shares are up over 65% on massive volume.

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Ambac Financial (ABK) continued to rally, surging 46.8% to $1.62. On Friday, Ambac reported fourth-quarter net income of $558.1 million, or $1.93 a share, which swung from a year-ago loss of $2.34 billion, or $8.14 a share. Results included a $472 million tax benefit.

DynCorp International Inc (DCP) has accepted a $1.5 billion takeover bid, including debt, from private equity firm Cerberus Capital Management LP [CBS.UL], the defense contractor said on Monday, sending its shares up 48 percent. Under the deal approved by DynCorp’s board, shareholders will receive $17.55 in cash for each share of international common stock, a premium of about 49 percent from Friday’s closing price of $11.75. DynCorp shares, which had fallen 18 percent since the start of the year, were up 48 percent at $17.44 in late morning trading.

Radient Pharmaceuticals Corporation (RPC) announced today it anticipates prospective purchasers or financiers will complete due diligence for RPC’s China-based subsidiary Jade Pharmaceutical, Inc. (“JPI”) by the end of May 2010. RPC expects JPI will be contractually positioned to move forward with the completion of a sale or financing by the end of the third quarter 2010. RPC currently owns approximately 98% of JPI, which as part of RPC’s deconsolidation process, is noted as a special asset on RPC’s balance sheet and valued at approximately US$20 million as of September 30, 2009.

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Casey’s General Stores (CASY) rejected a hostile bid from Alimentation Couche-Tard (Toronto:ATDB.TO) on Friday, claiming the Canadian company was trying to buy U.S. firms “on the cheap.” Earlier in the day, Montreal-based Couche-Tard, which operates a string of convenience stores in Canada and the United States, offered $36 a share for Iowa-based Casey’s. That figure was a 14 percent premium over Casey’s Thursday closing price of $31.59 on Nasdaq. Shares of the company were up 24 percent at $39.17 on Friday morning.

Atlas Energy Inc. (ATLS) and Reliance Industries Ltd. of India entered into a joint venture on Friday to acquire a 40% stake in the Atlas’ Marcellus Shale natural-gas field for $1.7 billion. Under the agreement, the Indian conglomerate will pay about $340 million in cash and an additional $1.36 billion of capital costs for about 120,000 acres in the Marcellus Shale’s core area, in southwestern Pennsylvania. The Marcellus Shale stretches from West Virginia to New York state.

Lihua International (LIWA) jumped by 88 cents, or 10.9%, to $8.95 after the bimetallic wire manufacturer priced a secondary offering of 3.72 million shares at $8.05 per share. Volume topped 1.61 million shares, compared to the 50-day average daily volume of 358,000, according to the Nasdaq.

Joe’s Jeans Inc. (JOEZ) reported late Thursday that its profit dipped slightly in the first quarter, due in part to higher taxes, while sales grew. The clothing company said Thursday that it earned $694,000, or 1 cent per share, for the quarter that ended Feb. 28, compared with $800,000, or 1 cent, earned in the same quarter of the prior year. Revenue grew 41 percent to $23.2 million.

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Valence Technology (VLNC) Valence Technology today announced it is pleased to provide the safe lithium phosphate energy storage systems for the new plug-in electric Mercedes eVito Taxi. This prototype is a tailpipe-free cab designed to fulfill the zero pollution vision of London mayor Boris Johnson. Road testing will begin immediately to customize the vehicle for specific London taxi driving requirements. For taxi use, the top speed of 75 miles per hour may be reduced and regenerative braking optimized, increasing the projected range beyond 120 miles.

Stream Health Solutions (STRM) Streamline Health Solutions Inc. bounced into the black for its fiscal fourth quarter and full year, and its stock took a leap on Thursday as well.The health care technology firm reported net income for its fourth quarter, ended Jan. 31, of $1.6 million, or 17 cents per share, compared to a net loss of $146,000, or 2 cents per share, in the year-ago quarter. Revenues grew to $6.3 million from $3.4 million. The single analyst who covers the company expected earnings per share of 16 cents, and revenues of $6.3 million.Streamline’s new accessANYware 5.0 software platform contributed $1.7 million to revenues in the quarter, along with a $700,000 from a sale to Moses Cone Health System, according to a news release. Application hosting services revenue grew by 44 percent, or $260,000.

Massey Energy (MEE) Upper Big Branch mine in West Virginia endured an explosion that killed 25 miners this week. Four are still missing. MEE shares have been on a rollercoaster since the news was reported.

Star Scientific, Inc. (CIGX) Star Scientific dropped by 37 cents, or 12.5%, to $2.58 even after the company announced a collaboration with Roskamp Institute on Beta-amyloid discovery and Alzheimer’s Disease. However, traders noted that Star Scientific said the results of preliminary testing do not necessarily translate to human testing, and additional work needs to be completed to determine whether the compound will have significant B-amyloid lowering effects in humans. Volume topped 21.69 million shares, compared to the 50-day average daily volume of 3.33 million.

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By chance, I met with Blankenship just days before the accident as he was passing through Washington. Massey’s public relations firm suggested the meeting, and I was curious whether his personality would match his professional reputation.

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Blankenship has long been unpopular with environmental groups who say the company’s mountaintop mining methods are destroying the Appalachia region. Blankenship in turn has not hidden his disdain — for them or for the climate legislation they stand for.

Yet, for a man who penned an op-ed last fall with the headline “No harm from cap-and-trade? You lie!” Blankenship is remarkably soft-spoken and delivers his critical bombs in a near-monotone.

Asked about the company’s long list of enemies and critics, Blankenship said that Massey (MEE) gets flack, because it’s “the largest and least politically correct.” Its labor force is 97% non-unionized, which he says makes it a target of the labor left. (AFL-CIO has declaimed Massey’s safety violations this week.)

Even though he’s unpopular with labor and environmental constituencies among Democrats, Blankenship’s political views aren’t neatly aligned with either party. He’s against cap-and-trade, but he also resents free trade, arguing that not enough attention is being paid to protecting the interests of U.S. companies.

In our conversation, Blankenship displayed a streak of stubbornness. He had harsh words for the various trade associations that represent Massey to Washington, including the U.S. Chamber of Commerce and the National Mining Association. He accused them of being too focused on political maneuvering rather than defending their core principles. “Most of the time, they’re too compromising,” he said.

Likewise he’s holding his ground on this mining accident, in spite of reports that the Mine Safety and Health Administration recently fined the company for violations related to ventilation that control methane. In today’s Wall Street Journal, Massey denied that Upper Big Branch Mine had any safety problems. “The safety record in the past three months had been really, really good,” he told the Journal.

Before we finished talking, I asked Blankenship how often he comes to Washington. He said he used to come only a few times a year but expects to be visiting the capital at least a dozen times in 2010 because of all the issues affecting Massey. That schedule might be something Blankenship revises. After all, mining accidents like this one are just the sort of thing that lawmakers love holding hearings on.

After mining tragedy, no surrender by Massey CEO is news brought to you by Global Equity Report. We help our members get accurate information for penny stocks and penny stocks to watch.

The Dow Jones industrials have pulled back from the 11,000 level Wednesday after failing to cross it the past two days. The Dow hasn’t been above 11,000 in 18 months.

Investors are concerned that Greece won’t be able to fix its financial troubles. Greece’s borrowing costs remain higher as the country’s finance minister seeks advice from an International Monetary Fund team on how to speed fiscal reforms.

At midday, the Dow is down 36 at 10,934. The Standard & Poor’s 500 index is down 4 at 1,186. The Nasdaq composite index is down 2 at 2,435.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below.

NEW YORK (AP) — Stocks fell Wednesday after concerns grew about Greece’s debt crisis.

The Dow Jones industrials remained just below 11,000 for a third day. The Dow hasn’t crossed that level in 18 months.

No major economic reports were due out Wednesday, but investors were awaiting the results due in the early afternoon from an auction of 10-year Treasury notes. European markets were lower on concerns about Greece.

Greece’s borrowing costs remained high Tuesday and its stock market fell as the country’s finance minister sought advice from an International Monetary Fund team on how to speed up fiscal reforms.

The Dow has been flirting with the 11,000 level all week, but has yet to top the psychological barrier. It came within 12 points both Monday and Tuesday but ended just below there on both days.

Stocks have been on a nearly unbroken climb for 13 months. The past two months’ gains have come mostly from steady, more modest moves, and not the triple-digit gains that were common early in the market’s recovery. Recent momentum is due primarily to a string of economic reports showing the economy is improving, albeit slowly.

Mark Coffelt, portfolio manager at Empiric Funds in Austin, Texas, said stocks are due for a slide after two months of steady gains but that any drop is likely to be modest because so many investors are waiting to put money in the market.

“I think it’s going to be pretty light as much of the public is underinvested,” Coffelt said.

In late morning trading Wednesday, the Dow fell 32.34, or 0.3 percent, to 10,937.65. The Standard & Poor’s 500 index fell 2.88, or 0.2 percent, to 1,186.55, while the Nasdaq composite index fell 0.32, or less than 0.1 percent, to 2,436.49.

The government is auctioning $21 billion in 10-year notes Wednesday. The 10-year note is used as a benchmark for many consumer loans. Bond yields have been rising in recent weeks, which has pushed interest rates higher.

The yield on the benchmark 10-year Treasury note, which moves opposite to its price, fell to 3.95 percent from 3.96 percent late Tuesday. On Monday, its yield climbed above 4 percent for only the second time since October 2008.

Rising rates have yet to have much effect on stocks. But if rates rise too fast, it could slow the economic recovery, which would put a damper on stocks. The Mortgage Bankers Association said the average rate on 30-year, fixed-rate mortgages surged to 5.31 percent last week from 5.04 percent a week earlier.

The Dow hit its highest level of the day Tuesday after the Federal Reserve’s interest rate-setting committee released the minutes from its March meeting. Investors welcomed the comments that showed the Fed is upbeat about economic growth.

Fed chairman Ben Bernanke is scheduled to give a speech Wednesday on economic challenges. Investors will look for any clues in the speech about when the Fed might have to raise interest rates to keep inflation in check as the economy recovers.

The dollar rose against other major currencies. Gold rose slightly, while oil fell.

European markets fell. Britain’s FTSE 100 dropped 0.2 percent, Germany’s DAX index fell 0.4 percent, and France’s CAC-40 lost 0.6 percent. Investors worry that debt problems in Greece and other European countries could upend a global economic recovery.

Japan’s Nikkei stock average rose 0.1 percent. Japan’s central bank said it would hold its key interest rate steady, and it sees a recovery taking hold. Asian shares also rose after the World Bank boosted its growth forecast for developing economies in East Asia.

Stocks pull back; Dow Jones hovers below 11,000 is news brought to you by Global Equity Report. We help our members get accurate information for penny stocks and penny stocks to watch.

There are few catalysts on the calendar likely to sway trading in the coming days. The Federal Reserve plans to release the minutes from its March 16 meeting Tuesday afternoon. The Fed kept its key rate at a historic low during the meeting to continue its easy money policy to help generate growth.

The small pullback in futures comes a day after the Dow came within 12 points of hitting 11,000.

The Dow is down 26.23, or 0.2 percent, at 10,947.32. The Standard & Poor’s 500 index is down 3.00, or 0.3 percent, at 1,184.44, while the Nasdaq composite index is down 9.33, or 0.4 percent, at 2,420.20.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below.

NEW YORK (AP) — Stock futures are falling Tuesday after a steady climb that has pushed the Dow Jones industrial average near 11,000 for the first time in 18 months.

European markets rose in their first day of trading since Thursday. They had been closed for the Easter holiday.

There are few catalysts on the calendar that are likely to sway trading in the coming days as companies prepare to begin releasing first-quarter earnings next week. The Federal Reserve plans to release the minutes from its March 16 interest rate-setting committee meeting Tuesday afternoon. The Fed kept its key rate at a historic low during the meeting to continue its easy money policy to help generate growth.

Investors are looking for signs of when the Fed might hike rates to combat eventual inflation.

The small pullback in futures comes as the Dow approaches the psychological barrier of 11,000. The Dow came within 12 points of hitting 11,000 on Monday before easing off its highs for the day. That would’ve been the first time it eclipsed that level since Sept. 29, 2008, before the credit crisis peaked.

Stocks have been rising in recent months as new reports show the economy is slowly, but consistently improving. There have been few pauses during the recent gains that have seen the Dow rise in each of the past five weeks — its longest winning streak since mid-April last year.

Ahead of the opening bell, Dow Jones industrial average futures fell 33, or 0.3 percent, to 10,876. Standard & Poor’s 500 index futures dropped 5.10, or 0.4 percent, to 1,178.00, while Nasdaq 100 index futures fell 7.00, or 0.4 percent, to 1,966.50.

Bond prices rose. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.95 percent from 3.99 percent late Monday.

The 10-year yield climbed above 4 percent during trading Monday for the first time since June. It is approaching levels not seen since October 2008.

The Treasury Department is scheduled to auction three-year notes Tuesday afternoon. Weak demand at recent auctions, along with signs of economic recovery, have helped drive prices down and yields higher.

Major indexes advanced Monday following upbeat reports on the services sector and housing market. The two areas were hit hard during the recession, so investors welcomed the positive news by bidding up stocks.

The Institute for Supply Management said its index of activity in the nation’s service industries rose in March to a better-than-expected 55.4 from 53 in February. A reading above 50 indicates growth.

The National Association of Realtors said the number of people who agreed to buy a previously occupied home rose 8.2 percent in February from January. Economists had been predicting a slight decline.

The Dow rose 46 points, while the S&P 500 gained 9 points.

Meanwhile, the dollar rose against other major currencies Tuesday. Oil and gold both dipped.

Overseas, Japan’s Nikkei stock average fell 0.5 percent. Britain’s FTSE 100 rose 0.5 percent, Germany’s DAX index gained less than 0.1 percent, and France’s CAC-40 fell less than 0.1 percent.

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With exquisite timing, The New York Times (NYT) sold a stake in the Boston Red Sox but three days before the Bronx Bombers went to Beantown to begin the baseball season. And as one dynasty in pinstripes returned, another which wore its shoulder pads proudly on its sleeve ended. Rest in Peace gentleman John Forsythe, whose ’81-’89 on air exploits overlapped exactly with the Reagan era. If only the age’s other tycoons, from Ivan to Icahn, had half his class. Today in 10:00AM Eastern economics, an increase is expected in the Institute for Supply Management’s March services index. Pending home sales for February are out at the same time and on the earnings front LoJack (LOJN) and Rehabcare (RHB) are scheduled to report results

Initiations

Jack in the Box (JACK): Barclays begins Jack in the Box at Equal-Weight with a $23 target price.

Christopher & Banks (CBK): Piper Jaffray picks up Christopher & Banks at an Overweight and assigns a price objective of $13.

Atlas Air Worldwide (AAWW): The stock is initiated at a Neutral by Goldman Sachs.

Ameriprise Financial (AMP): Goldman also assumes coverage on Ameriprise Financial at Neutral.

Upgrades

EMC Corp (EMC): The stock is now Overweight from Neutral at Piper Jaffray, which takes its price target up $2 to $22.

Juniper Networks (JNPR): The tech stock gets an Outperform-from-Market Perform boost with Wells Fargo. For a related story, see Sonus Is Tempting, But Too Risky.

Cree Inc (CREE): Noting competitors are taking longer to achieve acceptable yields, UBS raises its rating on Cree Inc to Buy from Neutral with its price objective increased an impressive $32 to $92.

Melco Crown Entertainment (MPEL): The stock gets an Overweight-from-Neutral boost by JP Morgan.

Harry Winston Diamond (HWD): HWD is upgraded to Outperform from Sector perform by RBC Capital, which lifts its target to $14 from $11.

WebMD Health (WBMD): The stock is now Neutral from Sell at Goldman.

Downgrades

Alcoa (AA): Dow component Alcoa is reduced to Hold from Buy at JP Morgan, with the new target at $18 (down from $25).

Monster Worldwide (MWW): The stock gets cut to Sell from Neutral at Goldman Sachs.

Tesoro (TSO): Deutsche Bank downgrades Tesoro to Hold from Buy and takes its target to $15 from $18.

Taser International (TASR): Taser gets cut to Underweight from Neutral at JP Morgan. The new target is $6, down from $7.50.Cameco (CCJ): Canaccord Adams cuts Cameco to Sell from Hold.

Canon (CAJ): The stock is now Neutral from Overweight at JP Morgan.

Computer Sciences Corp (CSC): Saying adjusted margins in the March quarter will be flat year-over-year-year, Kaufman cuts Computer Sciences Corp to Hold from Buy and takes its price target down to $58 from $62.

Yingli Green Energy (YGE): The stock is moved to Neutral from Outperform at Macquarie, which keeps its $14 price target intact.

Kinder Morgan Energy Partners LP (KMP): The stock is lowered to Neutral from Buy at UBS.

Stifel Financial (SF): SF is downgraded to Market Perform from Outperform at FBR Capital.

Today’s Upgrades and Downgrades is news brought to you by Global Equity Report. We help our members get accurate information for penny stocks and penny stocks to watch.

By early afternoon in Europe, benchmark crude for May delivery was up 56 cents to $85.43 a barrel in electronic trading on the New York Mercantile Exchange, but down from a peak of $85.89 earlier in the session. On Thursday, the contract climbed up $1.11 to settle at $84.87 following a gain of $1.39 on Wednesday.

Global oil trading was closed for the Good Friday holiday.

Crude has jumped from $69 a barrel in early February on expectations a growing U.S. economy will eventually spark higher oil consumption.

On Friday, the U.S. Labor Department said employers added 162,000 jobs in March, the largest job gain in three years. The unemployment rate stayed at 9.7 percent for the third straight month.

“The market was positive before but now it’s been confirmed,” said Clarence Chu, a trader with market maker Hudson Capital Energy in Singapore. “If the job growth can be sustained for several months, we’ll definitely see crude demand pick up.”

Analysts, however, warned that the rise in oil prices caused by speculative investments could harm the recuperation of the global economy.

“The last time we had oil prices at current levels, what followed was the worse recession ever and we will worry about what the combination of what is still high unemployment and higher fuel expenditure does to the economic recovery,” said Olivier Jakob of Petromatrix in Switzerland. “On a fundamental basis we still do not see the indicators that would justify crude oil to trade at $90 a barrel.”

“We still expect that this technical rally will start to work its way against the economic recovery,” Jakob said.

Edward Meir, senior commodity analyst at MF Global in New York, said higher oil prices were part of an overall surge in the value of commodities, with investors betting that commodity prices will benefit as the global recovery picks up steam.

“The flip side to this argument is that the rally has already discounted a recovery, and that continued gains, particularly in energy, could potentially slow growth down, increase inflation and interest rates, and in a worst case, short-circuit the very recovery markets have been banking on,” Meir said.

In the near term, nonetheless, oil prices will likely go higher.

“Technically, there is very little resistance showing on the charts given the upside breakout evident, which means that prices will likely have to define their own tops at this stage,” Meir said.

In other Nymex trading in May contracts, heating oil rose 1.43 cents to $2.2310 a gallon, and gasoline gained 1.83 cents to $2.3420 a gallon. Natural gas fell 4.2 cents to $4.044 per 1,000 cubic feet.

In London, Brent crude was up 36 cents at $84.37 on the ICE futures exchange.

Associated Press writer Alex Kennedy in Singapore contributed to this report.

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