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B2 Digital, Inc. (Pink Sheets:BTDG) announced today its Board of Directors has requested certain conditions be met by Sino-Can Industrial Holdings Group Ltd. pursuant to a resolution of its Board of Directors on September 16, 2010, to accept an offer from Sino-Can of $0.15 a share for all outstanding shares of B2 Digital.

The Board of Directors of B2 Digital, Inc. has requested Sino-Can Industrial Holdings Group Ltd. enter into a definitive merger agreement with B2 Digital and provide a non-refundable deposit of U.S. $1,000,000 prior to any due diligence being performed by either party.

Sino-Can has agreed to this condition.  B2 Digital, Inc. will keep its shareholders apprised of when the signed agreement has been executed and when the U.S. $1,000,000. non-refundable deposit has been received.

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On September 16, 2010, B2 Digital announced its Board of Directors unanimously approved a resolution to accept an offer of $0.15 a share for all outstanding shares of B2 Digital, Inc.  The offer is contingent on Sino-Can Industrial Holdings Group Ltd. receiving official proof of the 43-101 claim and the performance of mutually satisfactory due diligence.

B2 Digital recently entered into a joint venture agreement with Firma Gold. Firma Gold’s estimated reserves of 1.5 million ounces could have an estimated worth of $1,875,000 billion based upon the current price of gold. B2 Digital, Inc. will receive 90% of the net profit after deduction of capital or operating costs incurred in their role as JV partner.  Firma Gold will receive 10 percent of the net profit under terms of the Joint Venture Agreement.

About B2 Digital

B2 Digital is dedicated to seeking acquisitions and joint ventures within the resource sector and in particular mining properties that contain gold and silver reserves.  Management of its subsidiary has many years of experience in the exploration and operations of mining assets.  B2 Digital is currently in the process of divesting itself of some of its technology assets.  More information on B2 Digital can be found at: http://www.b2digital.us.

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This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.  Actual results may differ materially from those projected as a result of certain risk and uncertainties, including but not limited to those detailed from time to time in the Company’s filings with Pink Sheets.com.  Mining projects are subject to numerous risk factors including changing regulations, volatile commodity prices, and others factors that may preclude production should commercially viable reserves be established on a property and exploration plans dependent on funding and approval of any required permits.

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Last week was exciting as investments rocketed higher or tank… We saw Gold and the US Dollar pop while oil and equities dropped sharply with heavy volume.

Just to recap, Wednesday the market went into free-fall mode sending traders and investors running for the door. This was obvious from looking at the large percent drop coupled with heavy selling. That day the NYSE showed panic selling with 37 shares sold for every 1 share purchased meaning pure panic. In my Wednesday night report “How to Take Advantage of Panic Selling for SP500 and Gold ” I explained how to read these extreme market conditions and what to expect the following sessions.

Currently the price of gold, oil, spx are trading somewhat at the opposite extremes seen last week. Below are a few charts explaining the situations:

GLD – Gold ETF Trading Signals

This 60 minute chart shows gold getting hit hard on Wednesday morning. Investors and traders around the globe were closing out positions and moving to cash. This high volume dumping of positions pulled virtually all investments lower and was the first tip-off that the market was in panic mode.

One the dust settled and investor’s regrouped we saw money surge back into gold creating a nice pop the following day. Problem I see is that gold is now trading at a key resistance level when reviewing the daily chart. And if you take a look at the 60 minute chart below you can see the price of gold sold down in the morning on August 13th and drifted up into the close on Friday forming a bearish wedge. Also there was some very strong selling just before the market closed which is also a concern.

USO – Oil Traded Fund

Both times oil has fallen we have seen the price pierce key support levels where the bulls would have the majority of their stops placed. The intraday pierce causes the stops to be triggered washing the market of long positions while the smart money loads up accumulating everyone’s sell orders . This is something which happens with virtually every type of investment and the main reason traders get shaken out just before the market goes in their direction. Anyways, running of the stops is something I will cover in a future report.

Looking at the chart below you can see oil trading at trendline support. Each time the key support levels (blue arrows) have been pierced the market has rocketed higher. Just from looking at the chart from August 9th forward you can see that this move down is overextended and visually looks ready for a pause or bounce in the coming days.

*Trading Tidbit - When trading trendlines it is important to try and play the third test. Reason being is that the first two pullbacks create the trendline and the third test is when active traders generally jump on board causing a sizable bounce. Each test of a trendline it becomes weaker and the probability of a breakdown is more likely.*

SPY – SP500 ETF Trading Fund

The SP500 chart shows last week’s breakdown on the 5th test of the trendline. The market is oversold here and ready for a bounce which I hope we get this week. My concern is that the downward momentum is to strong and a bounce will be negated.

US Dollar Index

US dollar put in a huge bounce last week after testing is 61.8% Fib retracement level from the 2009 December low. The strong bounce has pushed the dollar up to a key resistance level which happens to be 38.2% Fib retracement level from both the December up trend and the recent sell off. I figure this will hold the dollar down for a few days easing the pressure on oil and equities.

Weekend Gold, Oil, SPX and Dollar Trading Conclusion:

In short, I feel there will be a relief bounce in oil and equities while the dollar and gold will have some profit taking and trade sideways or down at the beginning of the week. After that it looks as though stocks and oil will head lower while the dollar and gold rally.

If you would like to receive my Trading Analysis and Signals Complete with Entry, Targets and Protective Stops please visit my website at: www.TheGoldAndOilGuy.com

Chris Vermeulen

- About the Author: Chris Vermeulen is Founder of the popular trading site http://www.thegoldandoilguy.com. There he shares his highly successful, low-risk trading method. Since 2001 Chris has been a leader in teaching others to skillfully trade in gold, oil, and silver in both bull and bear markets. Subscribers to his service depend on Chris’ uniquely consistent investment opportunities that carry exceptionally low risk and high return. Reach Chris at: Chris[at]theGoildAndOilGuy[dot]com Article Source

Overnight Developments

• Global stocks are mixed with the European Euro Stoxx 50 Index down -1.14% and June S&Ps up +4.30 points. The dollar is little changed while the price of gold climbed to a record after Fitch Ratings said Britain’s deficit challenge is "formidable," adding to concerns that the European sovereign-debt crisis is spreading. Fitch said the UK is lagging behind other European nations in publishing deficit-reduction plans as investor concerns over government debt loads increase and that British Prime Minister Cameron needs to accelerate budget-deficit cuts to protect the nation’s top credit rating. Most German utility companies weakened, led by 3% declines in E.ON AG and RWE AG, after the German government signaled it will raise new taxes on the nuclear power industry to increase government revenue. The yield on German 10-year bunds declined to a record low of 2.50% on increased safe-haven demand due to sagging equity markets and funding concerns, with the yield spread between Spanish 10-year government bonds and German bunds widening to 213 bp, a level not seen since before the introduction of the euro in 1999. On the positive side, April German industrial production rose a more-than-expected +0.9% m/m as a weaker euro boosted export demand and local companies stepped up spending.
• The Asian markets today closed mostly higher with Japan up +0.18%, Hong Kong +0.56%, China +0.13%, Taiwan -0.08%, Australia +1.28%, Singapore -0.19%, South Korea +0.79%, India -0.98%. Asian stocks rose for the first time in 3 days after comments from Fed Chairman Bernanke last night that the US recovery is moving at a "moderate" pace. Asian exporters that have exposure to the US gained after the Fed Chairman’s comments eased concern that the US economy may slow. Asian raw material and commodity producers gained amid speculation global growth will revive metals demand while gold producers strengthened after the price of gold climbed to a record. Zhang Liqun, a researcher at China’s State Council Development and Research Center said that Chinese economic growth may slip to between 10% and 11% this quarter as industrial production and investment expand at a slower pace, and that "the 11.9% growth rate in Q1 won’t be sustained and the outlook for investmen t and export growth is uncertain." China is maintaining stimulus measures as Europe’s efforts to rein in its fiscal deficits slow the economy and threatens demand for its exports.

Overnight U.S. Stock News

• June S&Ps this morning are trading up +4.30 points. The US stock market yesterday fluctuated on either side of unchanged into early afternoon when it plunged into the close and finished on its low (Dow Jones -1.16%, S&P 500 -1.35%, Nasdaq Composite -2.04%). The Dow Jones, S&P 500 and the Nasdaq all dropped to 1-1/2 week lows. Bearish factors included (1) carry-over weakness from a slump in European equity markets after a weekend meeting of the Group of 20 finance chiefs failed to agree on steps to ensure the economic recovery will strengthen and the post meeting statement in which the G-20 finance ministers said that the global economic rebound faces "significant challenges," (2) weakness in financial stocks after the Financial Crisis Inquiry Commission subpoenaed Goldman Sachs for not complying with requests for documents in the financial-crisis probe, (3) weakness in raw materials and commodity producers after copper prices plunged to an 8- month low on concern that slowing global economic growth will curb demand for industrial metals and other commodities, (4) the action by Daiwa Capital Markets to cut its GDP growth estimate for the US for the second half of this year to annualized growth of between 2.25% to 2.5%, down from a previous forecast of 3.0%, as the sovereign-debt crisis in Europe, fading government support and persistently high joblessness will weigh on expansion in the second half of the year, and (5) comments from Fed Vice Chairman appointee Yellen who said that while there appear to be improvements in the global economy, "significant headwinds to stability remain."
• Bullish factors included (1) the unexpected increase in Apr German factory orders, which eased concern that the European debt crisis was derailing the economic recovery, (2) the action by a Hungarian government official to tone down comments about his country potentially defaulting on its debt, (3) the prediction from Blackstone Group LP that with the options market showing confidence in stocks falling to a record low, it signals that now is the time to buy equities, and (4) the unexpected increase in Apr consumer credit which rose for the first time in 3 months (+$1.0 billion versus expectations of -$1.0 billion).

Click here to read the complete Morning Call .

Gold is the most popular precious metal as an investment with investors having a variety of ways to gain exposure to this asset class ranging from bullion, coin or jewellery ownership right the way through to certificates, exchange traded funds, derivatives or shares.

Capital Spreads offer exposure through spread betting with their “Rolling Gold” product.

What makes it move?

Like all investments the price of Gold is ultimately driven by supply and demand but unlike some other commodities most of the Gold that has ever been mined is still in existence and could potentially come onto the market if the price was attractive enough. This makes the demand side of the equation a greater factor than the supply side with sentiment being a much bigger driver of prices than the annual production of Gold.  So what makes DEMAND for gold go up?

Inflation.

In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time. The consequence of which is the loss of value of money..in effect your hard earned money will buy you less over time. Gold is the only asset class that has historically kept its buying power against a back drop of inflation. If Investors are concerned about inflation then they will buy Gold and when they are less worried about inflation they will sell gold.

Safe Haven.

Often in an economic crisis investors will sell risky asset classes (like equities) to buy safer asset classes such as government bonds and Gold. When the world looks like a risky place for investors we sometimes see what is known as “a flight to quality” and investors will scramble to put their money in an area that is considered safe in a time of uncertainty.

USD

Gold is priced in USD’s and historically has an inverse relationship to the currency i.e. if the $ weakens then the gold price should rise as Investors try to protect themselves from a falling $ by buying Gold which should keep its relative purchasing power. In times of uncertainty this relationship can break down as both Gold and the $ are considered “safe havens” and investors may put money in both asset classes driving prices in both higher together.

Seasonal Demand.

The Indian wedding season runs from late September to December and wealthy Indian brides can be draped in as much as $1.5 mil of 24 carat gold. It is such an important part of the culture that if you can’t afford any gold at your wedding then you simply don’t get married! According to research by JP Morgan the Indian wedding season has boosted the price of Gold every year since 2002 with September showing the biggest average increase. Past performance is no guarantee of future movements but this seasonal demand does place a natural upward bias on the commodity during those months.

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