U.S Markets

Volatility remains the buzzword following a roller-coaster ride of a week on Wall Street that saw indexes plunge to multi-month lows before rebounding to modest weekly gains. The Dow Jones Industrial Average fell to 12,315.95 before making a recovery that saw the index finish up 85.45 points, or 0.7% at a 12,454.83 close, while the S&P 500 Index also hit mid-week lows before rebounding to close the week at 1,317.82, up 22.6 points, or 1.74%. The Nasdaq Composite Index followed suit with a 2.11%, or 58.74-point gain en route to a 2.837.53 weekly close, while the Philadelphia Gold and Silver Index rebounded 10.07 points, or 6.82%, to 157.83.

Global uncertainty around the Euro crisis weighed on markets early in the week before speculation that Greece’s pro-bailout parties may have the upper hand in the country’s June 17 elections buoyed market sentiment. Investors also watched increasing banking turmoil in Spain, where the government is coping with liquidity issues at its central lender, Bankia Group. U.S. news was a mixed bag as demand for long-lead factory goods posted gains in April, but key metrics tracking business investment expenditures fell for a second straight month. U.S. unemployment applications declined this past week.

Gold companies were beneficiaries on the value side as spot prices remained resilient, holding above US$1,570 per oz. gold. Royalty company Royal Gold posted the largest gain at $6.27 before closing at $69.03. The company declared its third-quarter dividend of 15¢ per share mid-week, and crossed above its 200-day moving average of $69.71 briefly during trading.

West Africa-focused gold miner Randgold Resources registered a $4.51 gain en route to an $80.96 close, while Agnico-Eagle Mines, Newmont Mining, Goldcorp and Barrick Gold were also on the rise.

Junior explorer Extorre Gold rose 33.4% to close at $3.35 on news that it had adopted a shareholder rights plan. Extorre, with its advanced-stage Cerro Moro property in Argentina, is considered a prime takeover target in the gold sector, and the new plan protects the company’s shareholders in the case of a bid by any single or joint entity to acquire more than 20% of Extorre’s shares.

U.S. most active issues

 VOLUME WEEK
HIGH LOW CLOSE CHANGE
Alcoa* AA 103082 8.73 8.31 8.63 +0.20
Freeport McMo* FCX 79995 33.17 31.16 32.41 +0.60
Alpha Nat Res* ANR 72000 11.81 10.84 11.17 +0.28
Arch Coal* ACI 67080 7.82 6.77 7.23 +0.03
Peabody Enrgy* BTU 55819 25.02 22.85 23.88 +0.11
Kinross Gold* KGC 54023 8.48 7.60 8.28 +0.60
Barrick Gold* ABX 48788 40.39 36.89 40.00 +2.88
Newmont Mng* NEM 38022 49.84 45.75 48.82 +3.24
Golden Star* GSS 35206 1.14 0.90 1.05 -0.08
Hecla Mining* HL 32230 4.68 3.85 4.50 +0.65

U.S. greatest percentage change

 VOLUME WEEK
HIGH LOW CLOSE CHANGE
China Shen Zh* SHZ 264 1.39 0.67 1.04 +50.5
Extorre Gold* XG 1585 3.41 2.51 3.35 +33.4
Li3 Energy* LIEG 960 0.09 0.06 0.08 +31.1
Intl Tower Hi* THM 1048 3.62 2.71 3.55 +26.7
El Capitan Pr* ECPN 1063 0.23 0.19 0.23 +26.6
Tasman Mtls* TAS 353 1.70 1.35 1.67 +25.5
Uranerz Energ* URZ 3830 1.44 1.08 1.38 +25.4
Tombstone Exp* TMBXF 147 0.05 0.02 0.03 +25.0
Mag Silver* MVG 54 8.40 7.01 8.37 +20.0
Cornerstone C* CTNXF 58 0.11 0.10 0.10 +20.0
Northern Dyn* NAK 3894 3.94 2.25 2.48 -35.7
Silver Dragon* SDRG 5241 0.02 0.01 0.01 -33.3
Linux Gold* LNXGF 186 0.03 0.02 0.02 -28.0
Patriot Coal* PCX 19770 3.38 1.36 2.46 -25.2
Legend Intl H* LGDI 283 0.10 0.08 0.08 -20.7
Elray Res* ELRA 2809 0.01 0.01 0.01 -20.0
Cream Mnrls* CRMXF 234 0.15 0.09 0.11 -18.5
Gold Reserve* GRZ 722 3.95 3.12 3.29 -13.6
Habanero Res* HBNRF 14 0.05 0.03 0.05 -10.0
North Am En P* NOA 243 2.87 2.23 2.51 -9.7

U.S. greatest value change

 VOLUME WEEK
CLOSE CHANGE
Royal Gold* RGLD 4377943 69.03 +6.27
Randgold Res* GOLD 3724804 80.96 +4.51
Agnico-Eagle* AEM 12214075 39.79 +3.60
Newmont Mng* NEM 38022405 48.82 +3.24
Goldcorp* GG 31368801 37.70 +2.91
Barrick Gold* ABX 48787995 40.00 +2.88
Agrium* AGU 1112661 79.28 +2.80
Allied Nevada* ANV 484400 27.47 +2.66
Buenaventura* BVN 4566441 38.71 +2.37
Alliance Rs P* ARLP 417401 58.99 +2.32
Northern Dyn* NAK 3894471 2.48 -1.38
Patriot Coal* PCX 19770337 2.46 -0.83
Yanzhou Coal* YZC 1845471 16.01 -0.76
BHP Billi-BHP* BHP 19191557 61.81 -0.68
Central Fund* CEF 6484335 19.15 -0.67
HudBay Mnls* HBM 53605 7.62 -0.57
Gold Reserve* GRZ 722269< /td>

3.29 -0.52
BHP Billi-BBL* BBL 4426449 53.22 -0.37
North Am En P* NOA 242935 2.51 -0.27
Alderon Irn O* AXX 65246 2.22 -0.15
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