U.S. MARKETS -June 1-4

Disappointing statistics on job recovery in the United States and comments from Hungary that it may be headed for a Greece-style debt crisis haunted U.S. equity markets on June 4 and pushed the euro down to a four-year low against the dollar. Spooked investors in U.S. equities sold off shares in a major way with the S&P 500 closing June 4 at its lowest level since Feb. 8. U.S. markets were closed on May 31 for the Memorial Day holiday but for the rest of the trading week the Dow Jones industrial average fell 92.05 points or 0.92% to finish at 9,931.97, while the S&P 500 index lost 5.83 points or 0.55% to 1,064.88. The Nasdaq dropped 3.16 points or 0.14% to close at 2,219.17.

Base metals took a beating on worries about the robustness of Chinese demand. Copper hit an eight-month low on June 4, sending Freeport-McMoRan Copper & Gold, the second most actively traded stock of the week, plunging US$7.24 per share to close at US$62.81. Iron ore giant Cliffs Natural Resources tumbled US$6.64 to US$49.22 per share, BHP Billiton lost US$5.13 to close at US$59.71, and Teck Resources sank US$3.11 to US$30.91 per share. Vale was down US$1.65 to US$25.54 per share.

The energy sector didn’t fare particularly well either, with Massey Energy down US$3.62 to US$29.50 per share, coal producer Alpha Natural Resources sinking US$4.27 to US$34.10, and Arch Coal falling 28¢ to US$21.27. Fertilizer plays were down too, with Potash Corp. of Saskatchewan dropping US$4.35 to US$94.84 on no news, Agrium falling US$3.27 to US$51.62 and Mosaic dosing US$3.11 to US$43.06.

A handful of gold stocks enjoyed mild gains, with Buenaventura up 36¢ to US$36.36 and New Gold up 20¢ at US$6.27. Habanero Resources jumped 50% -the largest percentage gain of the week -to 15¢ on news that it was starting to drill its Haldane silver prospect in the Keno Hill silver district of the Yukon after a three-year hiatus. The Haldane prospect is near Alexco Resources’ Bellekeno silver mine, which is expected to enter production later this year. Its other Yukon prospect, White Gold, borders Underworld Resources, and lies directly north of Kaminak Gold’s Coffee project

U.S. most active issues
	VOLUME		WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
Alcoa* AA	105337	11.68	10.81	10.84	-0.80
Freeport McMo* FCX	56512	69.72	62.52	62.81	-7.24
Barrick Gold* ABX	42322	43.73	41.17	41.42	-0.66
Hecla Mining* HL	39198	5.55	5.00	5.02	-0.36
Vale* VALE	35458	28.40	25.36	25.54	-1.65
Newmont Mng* NEM	32724	55.88	53.43	53.72	-0.11
Goldcorp* GG	29484	44.40	41.84	42.23	-0.86
Arch Coal* ACI	28487	22.37	20.37	21.27	-0.28
Cliffs Nat Rs* CLF	28136	55.48	48.77	49.22	-6.64
Massey Energy* MEE	26870	32.81	29.23	29.50	-3.62

U.S. greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Habanero Res*	HBNRF	71	0.15	0.13	0.15	+ 50.0
HuntMountain*	HNTM	17	0.11	0.11	0.11	+ 37.5
Strata O&G*	SOIGF	100	0.33	0.25	0.33	+ 32.0
NWT Uranium*	NWURF	115	0.20	0.12	0.18	+ 20.0
New Jersey Mg*	NJMC	19	0.25	0.22	0.25	+ 13.6
Oromin Expl*	OLEPF	150	0.78	0.69	0.77	+ 11.5
Constittn Mng*	CMIN	697	0.83	0.72	0.83	+ 10.6
US Antimony*	UAMY	23	0.45	0.41	0.45	+ 9.7
Uranium Res*	URRE	655	0.53	0.46	0.50	+ 8.7
DouglasLkMl*	DLKM	61	0.18	0.17	0.18	+ 5.8
Geocom Res*	GOCM	45	0.01	0.01	0.01	-50.0
Elray Res*	ELRA	125	0.08	0.04	0.04	-42.8
America West*	AWSR	96	0.15	0.11	0.11	-26.6
Starfield Res*	SRFDF	172	0.08	0.05	0.06	-25.0
Petaquilla Mn*	PTQMF	1591	0.40	0.29	0.33	-25.0
Lake Vict Mng*	LVCA	259	0.50	0.35	0.35	-20.4
Legend Intl H*	LGDI	830	1.00	0.80	0.81	-19.0
Li3 Energy*	LIEG	572	0.48	0.37	0.38	-17.3
Canarc Res*	CRCUF	110	0.11	0.08	0.10	-16.6
Linux Gold*	LNXGF	160	0.05	0.04	0.05	-16.6

U.S. greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Buenaventura*	BVN	5222101	36.36	+ 0.36
New Gold*	NGD	10131173	6.27	+ 0.20
Fronteer Gold*	FRG	1257627	5.83	+ 0.18
Constittn Mng*	CMIN	697313	0.83	+ 0.08
Strata O&G*	SOIGF	100299	0.33	+ 0.08
Oromin Expl*	OLEPF	150159	0.77	+ 0.08
Mountain Prov*	MDM	22635	2.35	+ 0.07
Minefinders*	MFN	1916513	8.90	+ 0.06
Habanero Res*	HBNRF	71300	0.15	+ 0.05
Uranium Res*	URRE	654676	0.50	+ 0.04
Freeport McMo*	FCX	56512113	62.81	-7.24
Cliffs Nat Rs*	CLF	28 136307	49.22	-6.64
BHP Billi-BHP*	BHP	21892680	59.71	-5.13
BHP Billi-BBL*	BBL	14948525	50.36	-4.53
Potash C Sask*	POT	15695663	94.84	-4.35
Alpha Nat Res*	ANR	18191841	34.10	-4.27
Massey Energy*	MEE	26870075	29.50	-3.62
Agrium*	AGU	2116100	51.62	-3.27
Mosaic*	MOS	15262403	43.06	-3.11
Teck B*	TCK	23499262	30.91	-3.11