U.S. Markets – OCTOBER 13-19

The Dow Jones Industrial Average rose 221.13 points or 2.2% to close the Oct. 13-19 reporting period at 10,092.19, while the S&P 500 climbed 24.72 points or 2.3% to 1,097.91. The Nasdaq increased 36.43 points or 1.7% to finish at 2,176.32.

Potash outshone gold during the Oct. 13-19 reporting period, despite the fact that over the past 12 months global potash producers have curtailed nearly 20 million tonnes of production. Slow demand and limited restocking meant that Potash Corporation of Saskatchewan had to revise its earnings guidance last month to $3.25-$3.75 per share for the calendar year, down from a range of $4.00-$5.00 per share in July 2009. Nevertheless, the potash giant claimed the No. 2 spot on the list of value gains with a surge of US$13.61 per share to US$103.71. Agrium also advanced, climbing US$5.75 per share to US$57.42. The company announced on Oct. 19 that it would sell a portion of its Carseland nitrogen facility to Terra Industries in order to facilitate its proposed acquisition of CF Industries Holdings. Agrium believes the sale will address regulatory concerns about the CF acquisition under Canadian competition law.

The gold price dipped slightly from US$1,064.10 per oz. on Oct. 13 to US$1,063.50 per oz. on Oct. 19, taking the major gold indexes with it. The Amex Gold Bugs index slid 5.81 points or 1.28% to 448.69 points, while the Philadelphia Gold and Silver index dropped 1.22 points or 0.7% to 178.05. Randgold Resources was the only gold company to make the top ten list, advancing US$3.88 per share to US$76.39. The exploration company signed an agreement with Volta Resources on Oct. 19 to sell its entire stake in the Kiaka

gold project in Burkina Faso for C$4 million and 20 million shares in Volta. Randgold has exploration programs in West Africa, specifically Burkina Faso, Ghana and Mali.

On the negative side, the markets didn’t seem to like Pan American Silver’s $626 million all-share friendly takeover bid for Aquiline Resources and its large Navidad silver project in Argentina. Navidad is one of the world’s largest undeveloped silver deposits, and would triple Pan American’s measured and indicated silver resources.

U. S. most active issues
	VOLUME	WEEK
	(000s) HIGH	LOW	CLOSE	CHANGE
Alcoa* AA	139476 14.38	14.00	14.07	-0.18
Barrick Gold* ABX	68486 40.51	38.08	38.98	-0.38
Freeport McMo*FCX	55382 79.53	73.18	79.00	+ 4.52
Hecla Mining* HL	48876 4.98	4.66	4.90	+ 0.19
Newmont Mng* NEM	38784 48.20	45.96	46.97	+ 0.49
Goldcorp* GG	38348 43.41	41.62	42.59	+ 0.36
PotashCSask* POT	38309104.57	89.16	103.71	+13.61
Silver Wheatn* SLW	36995 14.71	13.89	14.31	+ 0.44
Gold Fields* GFI	31273 15.17	14.15	14.44	-0.22
Teck B* TCK	30478 33.76	31.03	32.80	+ 0.74

U. S. greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
US Energy*	USEG	11724	7.30	3.59	6.79	+ 82.5
Cornerstone C*	CTNXF	273	0.15	0.07	0.14	+ 55.5
Silver Dragon*	SDRG	1840	0.38	0.23	0.38	+ 52.0
Samex Mng*	SMXMF	863	0.26	0.18	0.26	+ 44.4
US Antimony*	UAMY	63	0.50	0.38	0.45	+ 21.6
Patriot Gold*	PGOL	186	0.22	0.13	0.17	+ 21.4
Starfield Res*	SRFDF	184	0.14	0.10	0.12	+ 20.0
PolyMet Mng*	PLM	4027	3.30	2.62	3.28	+ 17.9
Harry Winston*	HWD	491	10.60	9.01	10.50	+ 17.3
Bullion Monar*	BULM	595	0.97	0.71	0.90	+ 16.8
Southern Enrg*	SOCI	46	0.36	0.17	0.18	-48.5
Commerce Grp*	CGCO	40	0.10	0.06	0.06	-40.0
Brookmount Ex*	BMXI	101	0.10	0.01	0.07	-30.0
Madison Minls*	MMRSF	94	0.16	0.14	0.14	-22.2
Golden Phoen*	GPXM	2450	0.05	0.04	0.04	-20.0
Aurelio Res*	AULO	113	0.06	0.04	0.04	-20.0
Yellowcake Mg*	YCKM	945	0.05	0.04	0.04	-20.0
Grandview Gld*	GVGDF	176	0.11	0.08	0.09	-18.1
Amazon Goldsd*	AZNG	19	0.20	0.17	0.17	-15.0
Tri-Valley*	TIV	2356	3.44	2.70	3.00	-13.0

U. S. greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Rio Tinto*	RTP	4094002	196.28	+ 15.03
Potash C Sask*	POT	38308872	103.71	+ 13.61
Agrium*	AGU	2970500	57.42	+ 5.75
BHP Billi-BHP*	BHP	22405664	73.60	+ 4.72
Freeport McMo*	FCX	55382098	79.00	+ 4.52
Mosaic*	MOS	26786706	53.63	+ 4.37
BHP Billi-BBL*	BBL	6725154	61.02	+ 4.13
Randgold Res*	GOLD	7397790	76.39	+ 3.88
Intrepid Pots*	IPI	2964400	28.64	+ 3.84
US Energy*	USEG	11724131	6.79	+ 3.07
Pan Am Silver*	PAAS	12811029	24.05	-1 .48
Buenaventura*	BVN	8720729	36.69	-1.29
Seabridge Gld*	SA	1947972	26.05	-0.85
Tri-Valley*	TIV	2356364	3.00	-0.45
Westmoreland*	WLB	125204	7.86	-0.44
Aurizon Mines*	AZK	4734029	5.10	-0.40
Ivanhoe Mines*	IVN	10101722	12.09	-0.40
Banro Res*	BAA	895041	2.65	-0.39
Silver Std Re*	SSRI	5693418	21.95	-0.39
Barrick Gold*	ABX	68486331	38.98	-0.38