U. S. MARKETS JUNE 10-16

It was a volatile week for U. S. markets as crude oil prices rose to a new record of US$139.89 per barrel. Higher costs for gas and food dominated the headlines, while housing starts slid 3.3% in May to their lowest level in 17 years. With that as the backdrop, the Dow Jones Industrial Average skidded 20.68 points to close at 12,269.08, while the Standard & Poor’s 500 Index inched up 1.7 points to finish at 1,360.14.

The biggest winners during the June 10-16 trading session — and it should come as no surprise with warnings of a global food crisis pumping up demand for fertilizer — were the potash companies. Mosaic Co. topped the charts with a gain of US$12.43 to US$153.44 per share while Agrium advanced US$11.01 per share to US$105.77. Potash Corp. of Saskatchewanjumped US$8.01 to US$230.13.

Other winners this session were the energy stocks, with Massey Energy vaulting US$9.99 per share to US$84.67 and Patriot Coal ascending US$5.67 per share to US$154.36. Fording Canadian Coal Trust increased US$4.32 to US$85.74, while Yanzhou Coal added US$3.01 per share to US$100.37.

Strong copper prices buoyed Freeport-McMoRan Copper & Gold, which leapt US$6.40 per share to US$124.66. During the first quarter of the year, the average copper price on the London Metal Exchange reached US$3.54 per lb. — a 32% increase from the US$2.69 per lb. it averaged during the first quarter of 2007.

Southern Copper, by contrast, plummeted US$7.14 apiece to close at US$104.84. Its first-quarter results revealed that the company produced 96 million lbs. less of copper than it had in the fourth quarter of 2007 — partly because of production decreases at its La Caridad mine (due to a planned temporary declining ore grade) and a stoppage at Grupo Mexico’s Cananea mine.

Moving to the gold sector, the Philadelphia Gold and Silver Index fell 2.81 points to close at 404.73, while the Amex Gold Bugs Index added 1.55 points to 178.47. Barrick Gold tumbled US$2.53 per share to US$39.52, while Goldcorp fell US$2.33 to US$39.39 a share. Kinross Gold lost US$1.72 to close at US$18.53 per share and Gold Fields dropped US$1.26 to close at US$11.26.

U. S. most active issues
	VOLUME	WEEK
	(000s) HIGH	LOW	CLOSE	CHANGE
Vale* RIO	170663 36.08	34.00	34.84	-1.98
Alcoa* AA	87362 44.24	37.50	39.70	-2.47
CoeurdAlene* CDE	67424 3.21	2.74	2.81	-0.45
Freeport McMo*FCX	52621 126.64	115.79	124.66	+ 6.40
PotashCSask* POT	50697 232.74	216.00	230.13	+ 8.01
Mosaic* MOS	38660 157.05	136.64	153.44	+ 12.43
Barrick Gold* ABX	38224 41.44	37.80	39.52	-2.53
Kinross Gold* KGC	32907 19.91	17.97	18.53	-1.72
Gold Fields* GFI	32791 12.20	10.82	11.26	-1.26
Goldcorp* GG	31577 41.08	37.33	39.39	-2.33

U. S. greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Pac Gold*	PCFG	4548	0.02	0.01	0.02	+100.0
Douglas Lk Ml*	DLKM	1978	1.01	0.60	0.90	+ 50.0
World Vent*	WVNTF	14	0.14	0.10	0.14	+ 40.0
NT Holding*	NTHH	78	0.45	0.30	0.38	+ 35.7
Beeston Ent*	BESE	121	0.17	0.14	0.17	+ 30.7
Geocom Res*	GOCM	97	0.17	0.11	0.14	+ 27.2
Buckingham Ex*	BUKX	104	0.57	0.36	0.44	+ 25.7
Tombstone Exp*	TMBXF	279	0.36	0.30	0.35	+ 25.0
Fischer-W Gld*	FWGO	118	0.05	0.04	0.05	+ 25.0
Pac Booker Mn*	PBM	12	8.63	7.10	8.49	+ 23.0
Cardero Res*	CDY	409	3.11	2.03	2.06	-35.6
Radius Gold*	RDUFF	21	0.28	0.25	0.25	-24.2
Industrl Mnls*	IDSM	89	0.05	0.04	0.04	-20.0
APEX Silver*	SIL	3307	6.79	5.37	5.43	-16.9
Sterling Mini*	SRLM	1056	1.65	1.12	1.33	-16.8
Grandview Gld*	GVGDF	11	0.36	0.25	0.25	-16.6
New Jersey Mg*	NJMC	68	0.42	0.37	0.38	-15.5
Coeur d Alene*	CDE	67424	3.21	2.74	2.81	-13.8
Minco Gold*	MGH	295	1.24	1.02	1.07	-13.7
Uranium Ener*	UEC	701	2.41	2.05	2.07	-13.3

U. S. greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Mosaic*	MOS	38660407	153.44	+ 12.43
Agrium*	AGU	6726800	105.77	+ 11.01
Massey Energy*	MEE	20873319	84.67	+ 9.99
Potash C Sask*	POT	50696963	230.13	+ 8.01
Freeport McMo*	FCX	52621083	124.66	+ 6.40
Patriot Coal*	PCX	370900	154.36	+ 5.67
Alpha Nat Res*	ANR	27011203	94.42	+ 5.18
Fording C C T*	FDG	11727612	85.74	+ 4.32
Yanzhou Coal*	YZC	822826	100.37	+ 3.01
Harry Winston*	HWD	143500	29.20	+ 2.04
Agnico-Eagle*	AEM	13051139	63.60	-7.15
Southern Copp*	PCU	8736657	104.84	-7.14
Cleveland-Cli*	CLF	13896052	101.04	-5.56
Buenaventura*	BVN	4159682	62.42	-4.88
Arch Coal*	ACI	25197003	70.61	-4.83
Peabody Enrgy*	BTU	31029982	77.30	-4.10
Randgold Res*	GOLD	3983891	37.28	-3.84
Gold Mnrs ETF*	GDX	8958190	43.65	-3.00
AngloGold Ash*	AU	11620485	32.05	-2.83
ASA (Bermuda)*	ASA	2481263	77.88	-2.67