U.S. MARKETS -July 5-9

Markets in the United States recovered somewhat during the July 5-9 trading period amidst positive news about global economic growth this year and next.

The International Monetary Fund is now forecasting 4.5% growth in 2010 and 4.25% in 2011 but noted that there is also a rising risk environment with sovereign debt issues, which has the potential to change everything. Investors are also anxiously awaiting second quarter earnings reports, which will be released shortly.

The Dow Jones industrial average increased 4.8%, or 465.8 points, to 10,198.03 points while the S&P 500 rose 4.2% to 1,070.50 points and the Nasdaq gained 3.1% to close at 2,176.29 points.

The potential for economic growth was good for the big base metals miners, who dominated as leaders for value change over the period

Freeport-McMoRan Copper & Gold was one of the top gainers by value over the period, rising US$7.59 to US$93 apiece. It also saw 51.4 million shares changing hands.

Aluminum maker Alcoa was the volume leader with a volume of 92.7 million shares with the stock up about 9% to US$10.94 apiece.

BHP Billiton Plc shares climbed US$5.13 to US$67.84 apiece while BHP Billiton Ltd. shares rose US$4.23 to US$56.38. On July 12, BHP announced that its Olympic Dam copper-uranium project in South Australia is on track for a final decision for expansion by 2011 after the Australian Financial Review reported that the project may be delayed. BHP wants to more than triple annual copper production capacity to 73,000 tonnes and more than quadruple uranium production capacity to 19,000 tonnes over 11 years at Olympic Dam.

Agrium, Potash Corp. of Saskatchewan and Mosaic also saw their shares make significant upward gains with Agrium up nearly 18%, or US$8.86, to US$58.17, Potash Corp. up US$7.59 to US$93 apiece and Mosaic rising almost 17%, or US$6.7, to US$46.13 per share. Mosaic completed a US$485-million deal with Vale for a joint venture on a phosphate rock mine in the Bayovar region of Peru.

U.S. most active issues
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Alcoa* AA 92684 10.97 10.10 10.94 + 0.94
Freeport McMo* FCX 51426 66.14 58.38 65.98 + 7.44
Barrick Gold* ABX 41427 44.29 42.01 43.57 + 0.33
Newmont Mng* NEM 34273 63.38 57.89 61.93 + 3.17
Cliffs Nat Rs* CLF 33127 51.30 44.20 51.07 + 4.18
Silverado* SLGLF 29621 0.00 1.0E8 0.00 0.00
Potash C Sask* POT 27149 93.44 83.94 93.00 + 7.59
Vale* VALE 27047 26.42 24.30 26.31 + 1.52
Teck B* TCK 25457 34.62 29.57 34.36 + 4.81
Mosaic* MOS 24644 46.49 38.79 46.13 + 6.70
U.S. greatest percentage change
VOLUME WEEK
(000s) HIGH LOW CLOSE CHANGE
Crosshair E&M* CXZ 132 0.14 0.10 0.14 + 40.0
Tara Gold* TRGD 568 0.52 0.34 0.49 + 36.1
Linux Gold* LNXGF 63 0.04 0.03 0.04 + 33.3
Habanero Res* HBNRF 51 0.09 0.08 0.09 + 28.5
Caledonia Mng* CALVF 320 0.07 0.05 0.06 + 20.0
Agrium* AGU 2446 58.46 49.11 58.17 + 17.9
Intl Coal Gp* ICO 8208 4.46 3.79 4.40 + 17.3
SinoCoking Cl* SCOK 252 14.89 12.00 14.08 + 17.3
Mosaic* MOS 24644 46.49 38.79 46.13 + 16.9
Teck B* TCK 25457 34.62 29.57 34.36 + 16.2
Tornado Gold* TOGI 233 0.02 0.01 0.02 -50.0
Elray Res* ELRA 76 0.06 0.04 0.04 -33.3
Cream Mnrls* CRMXF 27 0.07 0.07 0.07 -22.2
Kimber Res* KBX 795 0.78 0.60 0.64 -15.7
New Gold* NGD 18941 6.11 4.85 5.21 -14.0
Patriot Gold* PGOL 11 0.25 0.19 0.19 -13.6
Starfield Res* SRFDF 1066 0.08 0.06 0.07 -12.5
Argentex Mng* AGXM 254 0.61 0.53 0.54 -11.4
US Antimony* UAMY 11 0.40 0.39 0.40 -11.1
Lake Vict Mng* LVCA 177 0.32 0.21 0.25 -10.7
U.S. greatest value change
WEEK
VOLUME CLOSE CHANGE
Agrium* AGU 2445600 58.17 + 8.86
Potash C Sask* POT 27149160 93.00 + 7.59
Freeport McMo* FCX 51425980 65.98 + 7.44
Mosaic* MOS 24644289 46.13 + 6.70
BHP Billi-BHP* BHP 14353052 67.84 + 5.13
Teck B* TCK 25457044 34.36 + 4.81
Alpha Nat Res* ANR 13448350 37.75 + 4.49
Peabody Enrgy* BTU 19764534 43.29 + 4.30
BHP Billi-BBL* BBL 7354068 56.38 + 4.23
Cliffs Nat Rs* CLF 33127366 51.07 + 4.18
New Gold* NGD 18940903 5.21 -0.85
Silver Std Re* SSRI 2039055 16.78 -0.17
Kinross Gold* KGC 21932033 16.16 -0.14
Tanz Roy Exp* TRE 769238 4.87 -0.13
Augusta Res* AZC 118200 1.36 -0.13
Kimber Res* KBX 795031 0.64 -0.12
Solitario Res* XPL 26367 2.02 -0.10
Goldspring* GSPG 20115 1.25 -0.10
Constittn Mng* CMIN 1500994 0.68 -0.07
Argentex Mng* AGXM 254273 0.54 -0.07
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