Buckle up, friends and fellow traders. We've got another double-barreled edition of the SmallCap Network newsletter for you today. That is to say, news from not one but two of our Featured Stocks materialized this morning, and in both cases the stock seems to be moving in a way you have to like. In no certain order... This morning, Algae Dynamics (ADYNF) announced it had signed a memorandum of understanding with Avanti Rx Analytics that calls for Avanti to test, extract, purify and export cannabis oil as part of the groundwork for developing marketable cannabis products. A quick refresher is in order. We first introduced Algae Dynamics to you back on January 17th, pointing out how although its history was as an algae and algae-oil provider (for health products), it was getting into the cannabis business as well. It wasn't terribly clear exactly what that meant at the time, though it was exciting all the same. Since then, we've learned exactly what Algae Dynamics had in mind. As it turns out, the medical benefits of cannabis can be enhanced by the simultaneous use of algae oil, and if I'm understanding the science right, vice versa. The development of combo products is the ultimate goal here, and there are several directions the company could go with it. It needs partners to do the R&D work to develop an algae/cannabis product, of course, and it's found two good ones in the meantime. On February 24th it announced a deal with the University of Waterloo to research the potential of algae/cannabis drugs to combat cancer, and just earlier this week it announced it was going to be working with the University of Western Ontario to develop algae/cannabis drugs to treat a variety of mental illnesses. In both cases the company will end up with full ownership -- and no royalty-payment requirements -- of any intellectual property created as part of the studies. The two schools need material to work with and test though, which is why this morning's news isn't terribly surprising. That is, it's tapping the aforementioned Avanti Rx Analytics to take care of that task. It's a bigger deal than it may seem on the surface. As you might imagine, even the regulatory red tape for medical cannabis is rather tricky to navigate, and those licenses aren't just handed out to anyone. Avanti isn't just anyone though. The company is a Health Canada-approved GMP (good manufacturing practices) and OCDS (open contracting data standard) contract drug developer, which means the government has already done its due diligence on the company and says it can be entrusted with often-debated cannabis. If you need an outfit to help with the legal and legitimate development of a cannabis-based drug, Avanti Rx Analytics is it. It's encouraging to see just how quickly Algae Dynamics is progressing with its R&D... a lot faster than we were expecting. With all of that being said, the most interesting thing about Algae Dynamics isn't the news, but the chart. Take a look. While ADYNF took an uncharacteristically big dive early this morning, it's more than rebounded in the meantime. That chart pattern, which looks like a hammer, is indicative of a transition from a net-selling environment to a net-buying one. The volume spike underscores the notion that the tide has turned, with most of the unconvinced owners being washed out today, clearing the decks for a rebound The clincher for a hammer-shaped reversal bar is a move above the hammer day's high on the following day. Given everything we know about the company and everything we've seen on the chart though, we're inclined to interpret this bullish clue at face value. The other bit of news worth a look today is the press release from Nexus Gold (NXXGF, CVE:NXS). You'll recall this is the company that announced its intention to acquire the Niangouela gold concession Burkina Faso, West Africa, back on November 23rd, and has since moved at the speed of light developing the property. OK, maybe not light speed, but it's certainly been moving fast. By December 6th Niangouela was a done deal. The organization began the next phase of a sampling program on December 14th, and finished that sampling work -- and completed the analysis of them -- a week later. By January 24th, a second batch of samples had been studied, and that analysis has been done for a while as well. Nexus Gold hasn't been any less busy in the meantime. On January 31st the company announced it began a 1000-meter drilling program based on its initial sampling. Three weeks ago it added 1000 meters to that target depth, at the same time announcing it had garnered $2 million via a private placement. A little over a week later the company reported it had already done 1470 meters worth of that drilling plan, via a total of 13 holes (the 14th had to be abandoned). All of those samples have been analyzed as well. Here comes the next step. Per this morning's press release, Nexus Gold has already planned the next phase of sampling drilling. After it wraps up the last 530 meters of the phase-1 drilling, it will start a new program aimed at additional areas of interest along the same strike. At the same time, Nexus will be drilling into a new area of interest about 800 meters away from its current focal point -- there's been enough gold detected in that area to merit a closer look. This is all being done to pinpoint where the most gold is, and how to cost-effectively go about digging it up once it's time to begin production. Given its current pace, the company could be done with the second phase of sampling before the dust even gets a chance to settle on the news. With all of that being said, it's what the company didn't say in this morning's press release that may best set the stage for understanding why this news is so interesting, Giving credit where it's due, it was Bryan Murphy who really put it all in perspective with his look at Nexus Gold -- and a look at Niangouela in particular -- in his examination of the recent data. He posted those thoughts yesterday with his commentary "What You Won't Hear About Nexus Gold (NXXGF, CVE:NXS) in Its Filings and Press Releases." We'll just let you read it for yourself, but it would be time well spent. It really explains a big part of the reason NXXGF is up more than 200% this year so far. On that note... While gold and gold stocks turned stagnant in February and even a little bearish in the first half of March, let's face it -- that was because the world was expecting the Fed to not just raise rates yesterday, but to hint at an aggressive rate-hike plan for the rest of the year. When it became clear from Yellen's comments yesterday the FOMC is far more dovish than anybody expected, it sent the U.S. dollar into a dive. Here's the thing: The greenback's still got plenty of room and reason to give up ground, which bodes bullishly for gold and by extension for gold mining stocks like NXXGF. Throw in the fact that a dovish (accommodating) Federal Reserve isn't apt to quell quickly-rising inflation, and you have even more reason to expect gold to keep moving higher as the dollar sinks further. Nexus Gold shares are moving very well right now on that prospect. The technical ceiling at $0.27 still looms ahead as a potential bullish catalyst; any move above there could really light a fire under the stock The bulls have already tipped their hand, by the way. Thursday's advance for NXXGF is unfurling on very high volume, as the race for the market's top gold stocks heats up. Like we said, the U.S. dollar is in a position where it could make a prolonged downward move, as much of the recent speculation driving it higher was up-ended with just a few words from Janet Yellen on Wednesday.