U.S. Markets January 10-14

As European stocks advanced for the second straight week, banks and technology companies, led by JPMorgan Chase, sent U.S. stock indexes higher, marking a seventh week of gains.
The Dow Jones industrial average gained 112.62 points to close the Jan. 10-14 week at 11,787.38, its highest level in 2.5 years. The S&P 500 index rose 21.74 points to 1,293.24. Nasdaq was up 1.9% at 2,755.3.
The price of gold slipped US$8.50, ending at US$1,360.50 per oz., as China once again moved to curb inflation by raising the amount of money banks must keep on reserve, for the seventh time in a year. Barrick Gold fell US$2.02 to US$47.08 a share.
The Philadelphia Gold and Silver index dropped 5.58 points to 205.72. Silver Wheaton closed at US$31.70, down US$1.81.
The spot price of silver was off US25¢ at US$28.48 per oz., while copper tacked on a dime at US$4.38 per lb.
Cliffs Natural Resources closed out at US$88.84 for a gain of US$7.51 on news that it was making a friendly $4.9-billion takeover of iron ore producer Consolidated Thompson Iron Mines in an all cash transaction. The $17.25-per-share offer represents a 30% premium to Consolidated Thompson’s closing share price as of Jan. 10.  
An 80% majority of striking Voisey’s Bay nickel mine workers in Labrador have voted in favour of a settlement proposed by an industrial inquiry commission, ordered by Newfoundland and Labrador’s former premier Danny Williams. Mine owner, Brazilian nickel giant Vale, has rejected the settlement proposed by the commission, stating that this dispute must be resolved by the parties at the table. The strike at Voisey’s Bay is now 18 months long. Vale was up US$1.36 to US$36.15 as the spot price of nickel jumped 7% to US$11.73 per lb.
Northern Dynasty Minerals continued to rise, adding US$2.56 to end at US$16.83. With no recent news to report, Northern Dynasty and joint venture partner Anglo American are advancing the Pebble copper-gold project in southwest Alaska towards completion of a prefeasibility study by year end. The project contains measured and indicated resources of 5.9 billion tonnes of 0.42% copper and 0.35 gram gold, equal to 55 billion lbs. copper and 67 million oz. gold.

U.S. most active issues
    VOLUME    WEEK
    (000s)    HIGH    LOW    CLOSE    CHANGE
Alcoa*    AA    280691    16.71    15.64    15.97    –    0.45
Silver Wheatn*    SLW    61236    35.68    30.91    31.70    –    1.81
Barrick Gold*    ABX    55548    50.35    46.29    47.08    –    2.02
Hecla Mining*    HL    49314    10.45    9.45    9.58    –    0.44
Freeport McMo*    FCX    41916    122.69    115.55    118.35    +    1.38
Intl Coal Gp*    ICO    41793    10.02    8.42    9.02    +    0.43
Newmont Mng*    NEM    39300    58.39    55.19    55.72    –    1.17
Arch Coal*    ACI    37083    36.06    33.15    34.04    –    0.60
Goldcorp*    GG    36442    44.13    40.51    40.59    –    2.28
Vale*    VALE    29515    37.05    34.49    36.15    +    1.36

U.S. greatest percentage change
    VOLUME    WEEK
    (000s)    HIGH    LOW    CLOSE    CHANGE
Starfield Res*    SRFDF    2406    0.14    0.06    0.13    +    85.7
Cornerstone C*    CTNXF    1063    0.38    0.23    0.38    +    58.3
El Capitan Pr*    ECPN    8325    1.58    0.88    1.15    +    35.2
Silver Dragon*    SDRG    2635    0.11    0.09    0.10    +    25.0
Strata O&G*    SOIGF    576    0.32    0.22    0.31    +    24.0
Li3 Energy*    LIEG    1267    0.28    0.22    0.28    +    21.7
North Am Pall*    PAL    28627    7.62    6.19    7.43    +    18.8
Northern Dyn*    NAK    4510    17.30    14.02    16.83    +    17.9
America West*    AWSR    49    2.14    1.65    2.10    +    16.6
Uranerz Energ*    URZ    8634    4.47    3.66    4.34    +    16.0
Habanero Res*    HBNRF    400    0.11    0.09    0.09    –    25.0
Patriot Gold*    PGOL    211    0.11    0.06    0.08    –    20.0
Tombstone Exp*    TMBXF    484    0.13    0.10    0.12    –    14.2
Caledonia Mng*    CALVF    1557    0.15    0.13    0.13    –    13.3
Silvercorp Mt*    SVM    2773    11.79    10.13    10.37    –    10.9
Golden Phoen*    GPXM    1863    0.19    0.16    0.17    –    10.5
Almaden Mnls*    AAU    3812    4.75    3.68    3.91    –    9.7
Alpha Nat Res*    ANR    25061    68.05    58.89    59.04    –    9.5
Gold Am Mng*    SILA    849    0.34    0.28    0.29    –    9.3
China Shen Zh*    SHZ    1081    9.40    7.70    8.14    –    9.2

U.S. greatest value change
        WEEK
    VOLUME    CLOSE    CH
ANGE
Cliffs Nat Rs*    CLF    21947357    88.84    +    7.51
Mosaic*    MOS    27842007    82.97    +    6.68
Potash C Sask*    POT    19229234    171.90    +    4.98
Mesabi Trust*    MSB    3094384    41.16    +    4.94
Intrepid Pots*    IPI    989154    38.58    +    2.70
Northern Dyn*    NAK    4510125    16.83    +    2.56
Cabot Corp*    CBT    1725109    41.77    +    2.29
BHP Billi-BHP*    BHP    11752441    90.56    +    2.14
OM Group*    OMG    528517    38.82    +    2.00
Randgold Res*    GOLD    3555995    81.31    +    2.00
Alpha Nat Res*    ANR    25061397    59.04    –    6.21
Buenaventura*    BVN    4990452    42.22    –    3.10
Goldcorp*    GG    36441627    40.59    –    2.28
Royal Gold*    RGLD    2408280    47.73    –    2.19
Barrick Gold*    ABX    55547916    47.08    –    2.02
Silver Wheatn*    SLW    61235593    31.70    –    1.81
Pan Am Silver*    PAAS    6638963    35.07    –    1.72
Rare Elemt Re*    REE    24196834    13.40    –    1.30
Silvercorp Mt*    SVM    2773195    10.37    –    1.27
Newmont Mng*    NEM    39299732    55.72    –    1.17