U.S. Markets June 27-July 3

Commodity producers were back in vogue on the flighty U.S. equity markets, with most companies in the resource sectors posting gains during the trading period June 27- July 3. The broader market was positive, too, pushing the Dow Jones Industrial Average to 11,228.02 points, up 182.74, and the Standard & Poor’s 500 index to 1,280.19 points, up 29.63.

Gold prices rebounded during the period, especially on June 30 when they rose US$24.25 per oz. The last London fix of the period put the price at US$622.95 per oz., the highest price in nearly a month. So the golds were the stars in the period, just as the base metals had been a week before: the Amex Gold Miners Index rose 99.21 points to 1,093.05.

Of the larger precious metal producers, Harmony Gold Mining posted the biggest gain in percentage terms, rising US$2.17 to US$17.10. Gold Fields wasn’t far behind, picking up US$2.90 to finish at US$23.89, and AngloGold Ashanti rounded out the South African trio with a gain of US$4.79 to close at US$49.60. Newmont Mining, which saw some new recommendations from the street, added US$5.18 to close at US$55.52.

Coeur d’Alene Mines led the mid-tiers, vaulting US60 to US$4.99. Among offshore mid-tier miners, Lihir Gold was the best performer, adding US$5.65 to finish the period at US$46.75; Randgold Resources popped up US$2.25 to US$22.10 and Minas Buenaventura tacked on US$2.52 to finish at US$28.70.

The base metal producers had a good week, even in the shade of the golds. Phelps Dodge gained US$7.44 to finish at US$83.67, as the market digested a proposed special dividend back to shareholders. The rally in copper prices helped out the copper-sensitive stocks: Southern Copper was up US$10.49 at US$92.54 and Freeport-McMoRan Copper & Gold jumped US$7.73 to US$58.53. Iron ore producer Cleveland-Cliffs bounded US$7.70 higher to US$39.70.

Speculation about takeovers in the aluminum industry sent Alcoa higher, as it rose US$2.46 to US$33.09. Affiliate Alumina Inc. was US$2.19 better at US$20.73.

U.S. greatest percentage change

		VOLUME(000S)	HIGH	LOW	CLOSE	CHANGE
Centrl Minera*	CENMF	116	0.07	0.04	0.068	+70.0
Patriot Gold*	PGOL	33	0.19	0.15	0.19	+35.7
Brookmount Ex*	BMXI	163	0.09	0.06	0.08	+33.3
Cream Mnrls*	CRMXF	137	0.51	0.361	0.46	+27.4
Apolo Gold*	APLL	541	0.095	0.075	0.095	+26.6
Glencairn Gld*	GLE	442	0.70	0.54	0.70	+25.0
Cleveland-Cli*	CLF	4737	81.75	39.00	39.70	+24.0
Fischer-W Gld*	FWGO	60	0.08	0.062	0.08	+23.0
Newgold*	NGLD	2707	0.53	0.39	0.50	+21.9
Great China M*	GCHA	209	0.17	0.141	0.17	+20.5
El Capitan Pr*	ECPN	1387	3.24	2.57	2.60	-17.2
Clifton Mng*	CFTN	382	0.64	0.57	0.58	-10.7
Peru Copper*	CUP	1955	5.54	4.90	5.09	-7.1
Geocom Res*	GOCM	98	0.30	0.26	0.26	-7.1
Intl Coal Gp*	ICO	9785	7.68	7.06	7.08	-6.8
Minco Mng&Mtl*	MMK	135	1.39	1.22	1.29	-6.5
Uranerz Engy*	URNZ	88	2.30	2.05	2.17	-6.4
Trend Mng*	TRDM	401	0.16	0.145	0.15	–	6.2
Liberty Star*	LBTS	370	1.18	1.07	1.11	-5.9
Golden Eagle*	MYNG	2245	0.018	0.017	0.017	-5.5

U.S. greatest value change

		VOLUME	CLOSE	CHANGE
Rio Tinto*	RTP	1600900	214.53	+10.86
Southern Peru*	PCU	6162200	92.54	+10.49
Freeport McMo*	FCX	18153500	58.53	+7.73
Cleveland-Cli*	CLF	4737300	39.70	+7.70
Phelps Dodge*	PD	31335900	83.67	+7.44
ASA (Bermuda)*	ASA	354300	65.95	+5.95
Lihir Gold*	LIHRY	186671	46.75	+5.65
Soc Quim&M Ch*	SQM	129100	105.38	+5.56
Peabody Enrgy*	BTU	14378900	56.33	+5.28
Newmont Mng*	NEM	20799800	55.52	+5.18
Aber Diamond*	ABER	58214	31.39	-1.40
Fording C C T*	FDG	1666000	31.12	-0.83
Westmoreland*	WLB	439200	24.18	-0.76
El Capitan Pr*	ECPN	1387451	2.60	-0.54
Intl Coal Gp*	ICO	9785300	7.08	-0.52
Peru Copper*	CUP	1955000	5.09	-0.39
Mesabi Trust*	MSB	138400	18.78	-0.29
Miramar Mng*	MNG	1090600	3.80	-0.19
Uranerz Engy*	URNZ	87507	2.17	-0.15
Minco Mng&Mtl*	MMK	135000	1.29	-0.09

U.S. most active issues

		VOLUME(000S)	HIGH	LOW	CLOSE	CHANGE
AuGrid*	AUGC	255765	0.00	1.0E8	0.00	0.00
Phelps Dodge*	PD	31336	84.25	74.55	83.67	+	7.44
Goldspring*	GSPG	27679	0.01	0.008	0.009	0.00
CONSOL En.*	CNX	26336	47.34	43.92	47.10	+2.59
CVRD*	RIO	21173	24.54	21.73	24.43	+2.13
Newmont Mng*	NEM	20800	55.52	48.60	55.52	+5.18
Kerr McGee*	KMG	18973	69.62	69.18	69.46	+0.28
Freeport McMo*	FCX	18154	58.64	49.36	58.53	+7.73
Alcoa*	AA	16443	33.30	30.17	33.09	+2.46
Peabody Enrgy*	BTU	14379	57.75	50.50	56.33	+5.28