U.S. Markets – NOVEMBER 10-16

Over the Nov. 10-16 reporting period, the Dow Jones Industrial Average edged up 159.99 points or 1.56% to finish at 10,406.96, while the S&P 500 index added 16.29 points or 1.49% to 1,109.3.

Gold prices gained US$34 per oz. — moving from a close of US$1,105.80 on Nov. 10 to US$1,139.80 on Nov. 16. The Amex Gold Bugs index rose 15.06 points or 3.3% to close at 475.53 points, while the Philadelphia Gold and Silver index increased 5.09 points of 2.8% to 186.27.

The big news on the precious metals front was Goldcorp’s $238-million takeover bid for Canplats Resources. Canplats owns the Camino Rojo polymetallic project, 50 km southeast of Goldcorp’s Penasquito mine in Mexico’s Zacatecas state. Goldcorp shares rose US65¢ to US$44.65 per share during the week, with 55.2 million shares trading hands.

It was Randgold Resources, however, that for the second week running retained the crown in the gold space, surging US$5.03 per share to US$83.88. Randgold is still basking in the news that it plans to fast-track its Gounkoto project in Mali after a first resource and scoping study confirmed economics that surpassed its hurdle rates. The project has an inferred resource of 2.65 million oz. gold at a grade of 6.3 grams gold per tonne.

The biggest advance during the reporting period was Rio Tinto, which gained US$16.07 to finish at US$220.80 per share. On Nov. 12, the global mining giant announced it was launching a mining technology development alliance with Codelco. The Rio de Cobre alliance will allow both companies to jointly pursue next-generation copper mining and processing technology development.

Another top performer was Cliffs Natural Resources, which added US$5.57 to US$43.37 per share. It announced an increase in its quarterly cash dividend to US8.75¢ per share. (Cliffs had cut its quarterly cash dividend to US4¢ per share in May.) The company also announced that its subsidiary RenewaFuel has approved a construction plan for a next-generation biomass fuel production facility in Michigan.

U. S. most active issues
	VOLUME	WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
Alcoa* AA	109444	13.77	13.01	13.61	+ 0.27
Hecla Mining* HL	73332	5.94	5.21	5.84	+ 0.36
Freeport McMo*FCX	71045	85.00	80.61	84.48	+ 1.28
Silverado* SLGLF	65123	0.01	0.01	0.01	0.00
Barrick Gold* ABX	56752	44.46	41.72	43.99	+ 0.99
Goldcorp* GG	52288	45.24	42.91	44.65	+ 0.65
Newmont Mng* NEM	46016	53.00	49.42	52.39	+ 1.83
Silver Wheatn* SLW	42920	16.00	14.34	15.84	+ 1.15
Kinross Gold* KGC	36566	20.19	18.63	19.68	+ 0.27
Peabody Enrgy* BTU	32231	46.12	43.07	45.95	+ 1.45

U. S. greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Crystallex In*	KRY	23713	0.52	0.24	0.45	+ 73.0
World Vent*	WVNTF	332	0.09	0.06	0.09	+ 50.0
Bullion Monar*	BULM	216	0.89	0.67	0.85	+ 26.8
Brookmount Ex*	BMXI	70	0.10	0.04	0.10	+ 25.0
New Jersey Mg*	NJMC	178	0.32	0.22	0.27	+ 22.7
Quaterra Res*	QMM	302	1.21	0.89	1.11	+ 21.9
Tanz Roy Exp*	TRE	4086	3.95	2.99	3.62	+ 17.9
North Am Pall*	PAL	6010	3.05	2.60	3.05	+ 15.0
Stillwater Mg*	SWC	5068	9.10	7.42	9.03	+ 15.0
Cliffs Nat Rs*	CLF	22931	44.55	37.00	43.37	+ 14.7
Aurelio Res*	AULO	2818	0.04	0.01	0.02	-50.0
HuntMountain*	HNTM	32	0.10	0.08	0.08	-38.4
Industrl Mnls*	IDSM	261	0.03	0.02	0.02	-33.3
Petaquilla Mn*	PTQMF	20789	0.31	0.20	0.21	-32.2
Pac Rim Minin*	PMU	4049	0.31	0.20	0.20	-28.5
Linux Gold*	LNXGF	816	0.10	0.08	0.08	-27.2
Mines Managem*	MGN	696	2.74	2.20	2.22	-17.7
DRDGOLD*	DROOY	1685	5.53	4.56	4.67	-15.7
Madison Minls*	MMRSF	101	0.17	0.12	0.12	-14.2
Cream Mnrls*	CRMXF	38	0.07	0.07	0.07	-12.5

5.95

U. S. greatest value change
WEEK
	VOLUME	CLOSE	CHANGE
Rio Tinto* RTP	4689182	220.80	+ 16.07
Cliffs Nat Rs* CLF	22931283	43.37	+ 5.57
Randgold Res* GOLD	9290784	83.88	+ 5.03
BHP Billi-BHP* BHP	19153694	76.11	+ 4.61
Potash C Sask* POT	29767240	104.18	+ 4.51
Massey Energy* MEE	29789656	38.22	+ 4.17
AngloGold Ash* AU	18779866	46.02	+ 3.62
BHP Billi-BBL* BBL	6180059	63.06	+ 3.31
ASA (Bermuda)* ASA	212972	83.04	+ 2.69
Agrium* AGU	2567600	53.78	+ 1.93
DRDGOLD* DROOY	1685435	4.67	-0.87
Seabridge Gld* SA	2136981	24.81	-0.74
Keegan Res* KGN	131600	-0.50
Mines Managem* MGN	696396	2.22	-0.48
Mosaic* MOS	29697756	49.89	-0.33
General Moly* GMO	2452729	2.37	-0.26
Intl Royalty* ROY	709585	4.05	-0.17
Entree Gold* EGI	1093105	2.50	-0.17
North Am En P* NOA	222900	6.05	-0.14
Mountain Prov* MDM	33810	2.76	-0.12