U.S. Markets – November 3-9

The Dow Jones Industrial Average hit a 13-month high on Nov. 9, after finance ministers and central bankers from the G-20 nations meeting in Scotland pledged to maintain public support for their economies as the recovery takes hold. The DJIA gained 455.03 points or 4.7% during the Nov. 3-9 reporting period, closing at 10,226.94. The S&P 500 index added 47.7 points or 4.6% to 1,093.08 and the Nasdaq rose 96.75 points or 4.7% to finish at 2,154.06.

The price of gold continued its ascent, moving from US$1,084.30 per oz. to US$1,102.90. The Amex Gold Bugs index followed suit with an advance of 33.43 points or 7.8%, while the Philadelphia Gold and Silver index rose 7.4% or 12.51 points to 180.85.

Among the gold majors, Randgold Resources posted the largest gain — rising US$10.85 to close at US$78.85 — partly on news that together with AngloGold Ashanti, it will buy an additional 20% stake in the Moto gold project from Congolese partner Office des Mines d’Or de Kilo-Moto. Randgold says it will pay its 50% share of the additional US$113.6 million from existing cash resources. Randgold has also said that it will fast-track its Gounkoto project in Mali, with a prefeasibility study due by the end of the first quarter of 2010.

Positive third-quarter results buoyed Newmont Mining and Goldcorp. Newmont advanced US$6.99 to US$50.56 per share. At the end of October, the company posted record quarterly revenues of US$2 billion and net cash from operations of US$1.1 billion, an increase of more than 400% over the third quarter of 2008. Net income reached US$388 million or US79¢ per share, compared with US$191 million or US42¢ per share in the year-ago quarter.

Goldcorp was up US$6.86 per share to US$44 after posting its third-quarter results on Nov. 4. Gold production increased to 621,100 oz. at a total cash cost of US$295 per oz. on a byproduct basis and US$384 per oz. on a coproduct basis. Adjusted net earnings reached US$140.6 million, or US19¢ per share, compared with US$64.7 million or US9¢ per share, in the third quarter of 2008.

U. S. most active issues
	VOLUME	WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
Alcoa* AA	123830	13.37	12.06	13.34	+ 0.89
Hecla Mining* HL	103245	5.67	4.16	5.48	+ 1.37
Barrick Gold* ABX	98682	43.50	35.97	43.00	+ 6.49
Freeport McMo*FCX	78642	83.70	72.36	83.20	+ 8.59
Goldcorp* GG	68805	44.41	36.88	44.00	+ 6.86
Kinross Gold* KGC	66551	19.88	17.44	19.41	+ 1.12
Newmont Mng* NEM	59169	51.30	43.09	50.56	+ 6.99
Silver Wheatn* SLW	45046	14.92	12.36	14.69	+ 2.04
Gold Fields* GFI	41344	14.75	12.49	14.56	+ 1.74
Teck B* TCK	36872	32.70	27.59	32.39	+ 3.51

U. S. greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Buckingham Ex*	BUKX	27	0.02	0.02	0.02	+100.0
Radius Gold*	RDUFF	193	0.23	0.16	0.23	+ 53.3
Constittn Mng*	CMIN	1803	1.28	0.89	1.23	+ 38.2
Miranda Gold*	MRDDF	564	0.60	0.42	0.58	+ 34.8
Tombstone Exp*	TMBXF	1426	0.08	0.06	0.08	+ 33.3
Fischer-W Gld*	FWGO	919	0.04	0.02	0.04	+ 33.3
Hecla Mining*	HL	103245	5.67	4.16	5.48	+ 33.3
Keegan Res*	KGN	288	6.92	4.95	6.45	+ 31.1
Intl Tower Hi*	THM	803	6.34	4.54	6.08	+ 29.6
Petaquilla Mn*	PTQMF	2976	0.33	0.24	0.31	+ 29.1
HuntMountain*	HNTM	20	0.16	0.13	0.13	-27.7
New Jersey Mg*	NJMC	113	0.33	0.19	0.22	-24.1
Amazon Goldsd*	AZNG	95	0.17	0.12	0.13	-23.5
US Antimony*	UAMY	39	0.50	0.40	0.40	-23.0
Grandview Gld*	GVGDF	45	0.08	0.07	0.07	-12.5
Habanero Res*	HBNRF	10	0.08	0.08	0.08	-11.1
Dejour Enterp*	DEJ	55	0.46	0.40	0.41	-10.8
Tri-Valley*	TIV	763	2.65	2.04	2.23	-10.8
Legend Intl H*	LGDI	668	0.80	0.73	0.74	-7.5
NWT Uranium*	NWURF	336	0.16	0.12	0.14	-6.6

U. S. greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Rio Tinto*	RTP	3878020	204.73	+ 22.45
Randgold Res*	GOLD	11704518	78.85	+ 10.85
Freeport McMo*	FCX	78641863	83.20	+ 8.59
PotashCSask*	POT	21841672	99.67	+7.46
Newmont Mng*	NEM	59168950	50.56	+ 6.99
Goldcorp*	GG	68804781	44.00	+ 6.86
ASA (Bermuda)*	ASA	233138	80.35	+ 6.60
Barrick Gold*	ABX	98682354	43.00	+ 6.49
Royal Gold*	RGLD	5082129	51.03	+ 6.48
OM Group*	OMG	3182737	33.16	+ 5.68
Tri-Valley*	TIV	763196	2.23	-0.27
DRDGOLD*	DROOY	1164463	5.54	-0.23
Intrepid Pots*	IPI	2605100	25.91	-0.13
US Antimony*	UAMY	38880	0.40	-0.12
Solitario Res*	XPL	278403	1.92	-0.09
New Jersey Mg*	NJMC	112685	0.22	-0.07
Legend Intl H*	LGDI	668055	0.74	-0.06
HuntMountain*	HNTM	20000	0.13	-0.05
Dejour Enterp*	DEJ	55300	0.41	-0.05
Amazon Goldsd*	AZNG	95264	0.13	-0.04