This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

New York spot gold dropped $23.60 to $1,190.70 Friday, closing under $1,200 as the U.S. dollar hit a four-year high on a strong September jobs report. The American economy added 248,000 jobs last month. Analysts had been predicting a rise of 215,000. China has been on holiday all week, but unlike past years, demand for physical bullion remained low. It could pick up shortly; Hindus celebrate Diwali on Oct. 23. In preparation, the Indian government has lowered its import tariffs. It now costs $396 to import 10 grams (0.35 ounce) of bullion and $575 per kilogram (35 ounces).

The TSX Venture Exchange rose 5.27 points to 882.82, while the TSX Gold Index slipped 6.25 points to 162.09. As of yesterday's awful close, 1,615 of the 2,376 listings on the TSX-V, 68 per cent, were trading at 10 cents or less. The figure is grim, but it is better than last year, when 79.5 per cent of the listings were 10 cents or less. Forty-two per cent of the TSX-V, 1,001 companies are now trading under five cents, which means they will likely need to roll back before raising any money. The fee for a TSX-V rollback is $2,500. Twenty-seven per cent of the TSX-V is under three cents, 19 per cent is under two cents and 7.5 per cent lasted traded at one-half cent.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS