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by Stockwatch Business Reporter

New York spot gold closed up $14.50 to $1,223.40 Friday, rising as the U.S. dollar fell. The American economy added 252,000 jobs in December, slightly higher than analysts had predicted. Here in Canada, the TSX Venture Exchange slipped a fraction of a point to 687.21, while the TSX Gold Index rose 7.31 points to 166.24.

Major Canadian gold miners ended the day in the green. Agnico Eagle Mines Ltd. (AEM) gained $2.16 to $35.29, Barrick Gold Corp. (ABX) gained 25 cents to $13.04, Eldorado Gold Corp. (ELD) added 31 cents to $7.98 and Kinross Gold Corp. (K) climbed 23 cents to $4.07.

David Palmer's Probe Mines Ltd. (PRB) rose 12 cents to $3.32 on 768,000 shares, after some kind words from newsletter writer John Kaiser. He has been one of the company's more-faithful supporters, and this week he told The Gold Report that Probe is one of the companies giving investors hope in the middle of this "junior resource swamp." The stock hit an all-time high of $3.95 in March, 2014, but then stalled, partially because a lumber company was holding onto to a small wedge of land in the middle of the company's Borden Lake gold project. The parties had been negotiating for a couple of years, and in December they finally agreed upon a price: $25-million and six million shares. It was steep considering Probe had paid $55,000 and 300,000 shares for bulk of the property in 2010, but it will be worth it if the company can increase its high-grade gold resource. Probe has four million ounces of high-grade gold (economic now), and another four million ounces of low-grade gold (economic at $1,300). Probe has begun infill drilling, and plans to increase the program later this month when the lake freezes over.

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